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Meticulous Research Forecasts Global Electronic Design Automation Market to Reach $17.47 Billion by 2030 According to a recent publication by Meticulous Research®, the global electronic design automation (EDA) market is projected to achieve a market value of $17.47 billion by 2030, reflecting a compound annual growth rate (CAGR) of 10.7% over the forecast period from 2023 to 2030. The market's expansion is primarily driven by the increasing complexity in integrated circuit (IC) design and the rising adoption of connected devices. Nonetheless, the proliferation of open-source EDA software presents a challenge to market growth. On the other hand, the growing adoption of cloud technologies among small and medium-sized enterprises (SMEs) offers promising growth opportunities for industry stakeholders. Continuous technological advancements, however, are expected to pose ongoing challenges. Download free Sample Report: https://www.meticulousresearch.com/download-sample-report/cp_id=5465 Market Segmentation and Analysis The global EDA market is categorized based on offerings, deployment modes, and tool types. The comprehensive study also evaluates key industry competitors and conducts an in-depth country-level analysis. By Offering: Solutions: Expected to dominate in 2023, this segment's large market share is driven by the escalating demand for complex ICs and the widespread adoption of connected devices. Services: Anticipated to exhibit the highest CAGR throughout the forecast period. By Deployment Mode: Cloud-based Deployment: Projected to hold the largest market share in 2023. The segment's dominance is attributed to the increasing use of connected devices, the growing need for sophisticated ICs, and advancements in consumer electronics. This segment is also expected to register the highest CAGR during the forecast period. Browse in depth @ https://www.meticulousresearch.com/product/electronic-design-automation-market-5465 On-premise Deployment By Tool Type: Design Tools: Expected to lead the market in 2023, driven by the growth of very large-scale integration (VLSI) systems and the rising complexity of ICs and printed circuit boards (PCBs). This segment is also projected to achieve the highest CAGR during the forecast period. Verification Tools Simulation Tools By Geography: Asia-Pacific: Predicted to capture the largest market share in 2023, propelled by the increasing number of electronic manufacturing companies and the surging demand for consumer devices. The demand for EDA solutions in this region is expected to rise significantly during the forecast period. Key Market Players : Leading companies in the global EDA market include: Cadence Design Systems, Inc. (U.S.), Synopsys, Inc. (U.S.), Siemens AG (Germany), ANSYS, Inc. (U.S.), Keysight Technologies, Inc. (U.S.), Xilinx, Inc. (U.S.), eInfochips (U.S.), Altium Limited (U.S.) ,Zuken (Japan) ,Silvaco, Inc. (U.S.) ,Altair Engineering Inc. (U.S.) , Autodesk, Inc. (U.S.), EnSilica (U.K.) ,EMWorks, Inc. (Canada), Aldec, Inc. (U.S.) Quick Buy @ https://www.meticulousresearch.com/Checkout/13847173 Contact: Mr. Khushal Bombe Meticulous Market Research Inc. 1267 Willis St, Ste 200 Redding, California, 96001, U.S. USA: +1-646-781-8004 Europe : +44-203-868-8738 APAC: +91 744-7780008 Email- sales@meticulousresearch.com Visit Our Website: https://www.meticulousresearch.com/ Connect with us on LinkedIn- https://www.linkedin.com/company/meticulous-research

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Meticulous Research Unveils Comprehensive Forecast for Enterprise AI Market, Anticipating $171.2 Billion by 2031 Meticulous Research®, a leading global market research firm, has released a new report titled, "Enterprise AI Market by Offering (Solutions, Services), Deployment Mode, Organization Size, Technology (ML, NLP), End-use Industry (IT & Telecom, Healthcare, Retail & E-commerce, Media & Advertisement) and Geography - Global Forecast to 2031." The latest insights from Meticulous Research® reveal that the global enterprise AI market is set to soar to $171.2 billion by 2031, reflecting a robust CAGR of 32.9% from 2024 to 2031. This growth trajectory is fueled by enterprises’ growing need to enhance customer satisfaction and the increasing adoption of AI solutions within the IT & telecom sectors. However, the market expansion faces challenges from the high costs associated with enterprise AI solutions and significant concerns regarding data privacy and security. Download Free Sample Report: https://www.meticulousresearch.com/download-sample-report/cp_id=5806 Market Segmentation and Highlights By Offering: Solutions: Dominating the market in 2024, driven by the need for productivity improvements and customer experience enhancements. Noteworthy is Wipro Limited's collaboration with IBM, launching the Wipro Enterprise AI-Ready Platform to facilitate customized AI environments. Services: Projected to exhibit a higher CAGR, propelled by the increasing demand for AI consulting, development, and support services. By Deployment Mode: On-premise Deployment: Leading the market share in 2024, attributed to its preference among large enterprises for risk management and compliance efficiency. Cloud-based Deployment: Expected to grow at a higher CAGR, thanks to benefits like cost-effectiveness, scalability, and the rising trend of multi-cloud AI solutions. For instance, NVIDIA's DGX Cloud provides essential AI infrastructure for advanced model training. Browse in depth @ https://www.meticulousresearch.com/product/enterprise-ai-market-5806 By Organization Size: Large Enterprises: Anticipated to hold the largest market share, driven by strategic IT initiatives and the need for managing vast customer data. Small & Medium-sized Enterprises (SMEs): Forecasted to grow at a higher CAGR due to increasing adoption of AI chatbots and the need for operational efficiency. By Technology: Machine Learning (ML): Leading the technology segment with substantial adoption for data analysis, threat detection, and pattern recognition. NVIDIA's collaboration with Microsoft to enhance generative AI capabilities exemplifies this trend. Natural Language Processing (NLP): Expected to register the highest CAGR, driven by the need for understanding and generating human language data for personalized content delivery. By End-use Industry: IT & Telecom: Holding the largest market share in 2024, driven by AI’s role in personalized customer experiences and operational optimization. Notably, ServiceNow and NVIDIA's partnership for telco-specific AI solutions is a significant development. Healthcare, Retail & E-commerce, BFSI, Government, Automotive: Other significant sectors with increasing AI adoption for diverse applications. Geographical Insights: North America: Expected to lead the global market with substantial adoption across various sectors, including retail, healthcare, and finance. Key initiatives like Pegasystems' partnership with Google Cloud to enhance healthcare data analytics highlight regional advancements. Asia-Pacific: Predicted to experience the highest CAGR, driven by a surge in AI-powered customer support solutions and the launch of virtual assistants. Quick Buy @ https://www.meticulousresearch.com/Checkout/20063598 Leading Market Players Key players in the enterprise AI market include NVIDIA Corporation, Google LLC (Alphabet Inc.), Amazon Web Services, IBM, Microsoft Corporation, Verint Systems Inc., SAP SE, Pegasystems Inc., Wipro Limited, Intel Corporation, Oracle Corporation, Hewlett Packard Enterprise, MicroStrategy Incorporated, Amelia US LLC, and Sentient.io. Contact Us: Mr. Khushal Bombe Meticulous Market Research Inc. 1267 Willis St, Ste 200 Redding, California, 96001, U.S. USA: +1-646-781-8004 Europe : +44-203-868-8738 APAC: +91 744-7780008 Email- sales@meticulousresearch.com Visit Our Website: https://www.meticulousresearch.com/ Connect with us on LinkedIn- https://www.linkedin.com/company/meticulous-research

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