EDA Tools Market for IC Industry Expected to Reach US$ 3,031.7 Mn by 2026
According to a new market report published by Transparency Market Research, the global EDA tools market for IC industry is expected to reach a value of US$ 3,031.7 Mn by 2026, supported by rising adoption of compliance initiatives, improved operational efficiency, and controlled workflow. The market is projected to expand at a CAGR of 6.8% during the forecast period from 2018 to 2026.The highly competitive environment has compelled players to focus on efficient manufacturing techniques. I n addition, rising penetration of VLSI (Very-large-scale integration) is boosting the global demand for advanced and sophisticated EDA tools. Asia Pacific is anticipated to be the fastest growing region for the market during the forecast period which is expected to be followed by Europe. The EDA tools market is experiencing flourishing growth in terms of adoption across different industry verticals around the globe. Increasing implementation of Big Data analytics and artificial intelligence by ...