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Cloud Electronic Design Automation Market Projected to Hit USD 8.2 Billion at a 5.7 % CAGR by 2030- Report by Market Research Future (MRFR)

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New York, US, Jan. 19, 2023 (GLOBE NEWSWIRE) — According to a comprehensive research report by Market Research Future (MRFR), “Cloud Electronic Design Automation Market: By Type, Application Forecast till 2030”, the market is predicted to thrive substantially during the assessment era from 2022 to 2030 at a healthy CAGR of approximately 5.7% to attain a valuation of around USD 8.2 Billion by the end of 2030.

Cloud EDA Market Competitive Analysis

Eminent industry players profiled in the global cloud electronic design automation market report include:

  • Cadence Design Systems
  • Mentor Graphics
  • Synopsys
  • Agilent
  • Agnisys
  • Aldec
  • Ansys
  • JEDA Technologies
  • MunEDA
  • Sigrity
  • Zuken.

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Drivers 

Shift to Cloud EDA Tools to Boost Market Growth 

The manual methods used to design circuit boards and semiconductors have been replaced by cloud-based electronic design automation tools, which also help to improve the building of electronic components by using a universal design approach. This shift will boost the market growth. 

Opportunities 

Plentiful Benefits for Companies to offer Robust Opportunities 

Cloud EDA provides businesses with many benefits, including faster product development, high accuracy, and efficient resource use. Large sums of money that were previously lost due to manual production phases can also be saved by the company. Pay-per-usage design environments are a service that Cloud EDA provides to its subscribers, helping to offset any unforeseen costs. These benefits will offer robust opportunities for the market over the forecast period. 

Restraints and Challenges 

Availability of Pirated Versions to act as Market Challenge 

The availability of pirated versions online and open-source software, absence of adequate research and development, & development of varying rules of export and import in various countries may act as market challenges over the forecast period. 

Market Segmentation 

The cloud electronic design automation market is bifurcated into type and application. 

By type, SIP will lead the market over the forecast period. 

By application, military/defense will domineer the market over the forecast period. 

Cloud Electronic Design Automation Market Report Scope:

             Report Metrics                                                 Details
Cloud EDA Market Size by 2030 USD 8.2 Billion (2030)
Cloud EDA Market CAGR during 2022-2030 5.7%
  Base Year 2021
  Forecast 2022-2030
 Report Coverage Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
 Key Market Opportunities The cloud Electronic Design Automation market is specially focused on countries such as United States, Japan, China, India and others.

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COVID-19 Analysis 

The COVID-19 outbreak and associated lockdown and social segregation norms are having an impact on semiconductor manufacture. To protect their staff, the businesses have temporarily shut down, and serious action has been taken to secure the supply chain. The pandemic has an effect on every business, not just semiconductor, but the electronic design automation sector only loses a little amount of money.
Due to the continued rise of PCBs and chips in system design businesses and the rising demand for system level design simulation, the work from home policy has been successful for chip designers and employees of electronic design automation. Employees can work remotely more easily because electrical design automation software is supplied with cloud services. As a result, it is predicted that demand for cloud-based electronic design automation software would increase.

Regional Outlook 

North America to Lead Cloud Electronic Design Automation Market 

Due to the presence of multinational corporations in the area and technological breakthroughs in sophisticated electronic equipment, North America currently dominates the market and rapid technological advancement in the cloud computing sector is assisting the market expansion in the North American region. Additionally, the manufacturing sectors’ rapid development and use of automation in the United States and Canada is assisting market expansion. The regional demand has been significantly influenced by early technology adoption, including machine learning, 5G, and artificial intelligence, among other things. Furthermore, the area benefits from strong government support and a wireless infrastructure, both of which are likely to promote growth throughout the forecast period.

APAC to Have Admirable Growth in Cloud Electronic Design Automation Market 

The second-largest market for cloud EDA is in Asia-Pacific. Some of the key reasons boosting the market in Asia Pacific are the dense populations of semiconductor manufacturing businesses in China, Japan, & South Korea. Additionally, the region’s high demand for consumer electronics is pressuring firms to use the most up-to-date production technology. Japan, China, and other emerging economies are expected to have prominent positions in the market. The use of contemporary technologies in numerous fields can be credited with the expansion of the regional market.

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For instance, as part of the “Make in India” effort, UST, a provider of digital transformation solutions, and Karnataka Information Technology Venture (KITVEN) Fund jointly invested in Calligo Technologies, a provider of data science and machine learning products and services. Such innovations are anticipated to boost the local market as well as the worldwide market growth graph. The market in Asia Pacific is will expand at the greatest CAGR in the forecast period for the growing demand for consumer electronics. The market for cloud electrical design automation is expanding due to the rising need for new electronic devices and technological advancements.

In 2020, the Asia Pacific market accounted for around 40% of global sales, driven by strong demand for wireless smart electronics and a mature semiconductor sector. Manufacturers of smartphones are concentrating on packing as much functionality as possible into small packages. Miniaturization of technology has also grown in popularity. The consumer electronics market in the area would be strengthened by the presence of companies like Panasonic Corporation, Samsung Electronics Co. Ltd., LG Electronics, and Sony Corporation. To meet market demand, these manufacturers are combining cutting-edge simulation & design technologies to integrate high-performance ICs in smart devices.

The dynamics and expansion of the market are greatly influenced by these important firms. These significant main players choose a variety of techniques and laws to increase their consumer base. These policies and strategies mostly include of partnerships, joint ventures, extensions, mergers, acquisitions, new production techniques, inventions, and technology-enhanced versions of current items. All of these crucial techniques are chosen in order to understand customer wants and create a solid foundation for future growth.

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Industry Updates 

October 2022- An EDA in the cloud solution that enables businesses to use nearly infinite compute resources when and as needed to optimize their design and verification procedures was introduced at DAC 2022 by AMD, Google Cloud, and Calibre Design Solutions.

Related Reports:

Cloud Computing Market by Type, Service, Organization Size, and Verticals – Forecast 2030

Hybrid Cloud Market by Component, by Service Type, by Service Model, by Organization Size, by Vertical – Forecast till 2030

Cloud-Based PLM Market by Component, by Technology, by Organization Size, by Application – Forecast 2030

About Market Research Future:

Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis regarding diverse markets and consumers worldwide. Market Research Future has the distinguished objective of providing the optimal quality research and granular research to clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help answer your most important questions.

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Confluence former executive joins fintech Premialab

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James Carrington, a former executive at Confluence, Investment Metrics, Style Analytics has joined fintech Premialab. He brings extensive client engagement expertise in investment analytics and data for the institutional investment community.
LONDON, Feb. 27, 2024 /PRNewswire/ — Premialab, the financial data and analytics firm, announced today the appointment of James Carrington as Head of Client Engagement. Mr. Carrington, based in London, will spearhead global client engagement, leveraging over 10 years of experience in driving client engagement gained at Investment Metrics, Style Analytics, and most recently at Confluence, part of the Clearlake Capital Group portfolio. His primary focus will be on enabling faster tailor-made investment analytics delivery and data integration for Premialab’s pension funds, foundations, endowments, and insurance clients.

Adrien Geliot, Co-Founder & Chief Executive Officer of Premialab, said, “I am delighted to welcome James to the team. His appointment confirms our commitment to delivering first-class service to our customers across global locations. His experience in maximizing the value derived from investment analytics will be invaluable in serving our clients as we continue scaling our activities worldwide.”
Commenting on his appointment, James Carrington said, “I am delighted to have joined the Premialab team. Their innovative solution makes a real difference to institutional investors looking at quant investments. The evolution of Premialab over the last number of years has been something that I have followed closely, and I am looking forward to working with the team to further support our customer base across our established and emerging demographics.”
The announcement follows recent senior appointments at Premialab, including Philippe Jacson, former BNP Paribas, Merrill Lynch and MSCI executive; Daniel Fields, former Global Head of Markets at Societe Generale; John Macpherson, former Managing Director at Goldman Sachs, Citibank, and Nomura; Marc Fisher, former Managing Director at Citibank with a prior position at Deutsche Bank; and Georgios Sittas, former Managing Director at HSBC, Standard Chartered, and previously a director at Lehman Brothers.
Recognized as the reference for data and risk analytics on quantitative strategies, Premialab’s capital markets infrastructure is currently used by leading asset managers, insurance companies and pensions funds, accelerating their digitalization and enhancing performance and risk control while reducing costs. The platform’s client AUM is representing an estimated USD$10 trillion.
About Premialab
Premialab is an independent platform providing data, analytics and risk solutions on systematic and factor-based strategies in collaboration with leading investment banks and institutional investors globally. Combining intelligent technology with a unique source of information the platform empowers asset allocators to make better investment decisions whilst achieving utmost time and cost efficiency.
With offices in London, Paris, New York, Hong Kong, Sydney, and Dubai, its international team is dedicated to supporting a global client base with the most up-to-date risk premia dataset, advanced portfolio construction, performance and risk analytics. The firm has established strong partnerships with the top 18 investments banks, global asset managers, pensions funds and insurance companies.

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Axon Technologies and Keyrus Announce Strategic Partnership to Elevate Cybersecurity Business

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Keyrus Acquires Minority Stake in Axon Technologies, adding Axon’s Cybersecurity Portfolio to Keyrus Solutions, and Expanding Keyrus Reach across Middle East and Africa
PARIS and DUBAI, UAE, Feb. 27, 2024 /PRNewswire/ — In a significant development in the cybersecurity sector, Keyrus, an international leader in data intelligence and digital transformation, has announced the acquisition of a minority stake in Axon Technologies, a premier provider of cybersecurity services based in Dubai, UAE. This strategic investment marks a major milestone in Keyrus’ cybersecurity strategy, signalling an ambitious step towards establishing a global cybersecurity powerhouse.

Strategic Expansion and Enhanced Cybersecurity Solutions
The collaboration between Keyrus and Axon Technologies is set to revolutionize the cybersecurity landscape in the Middle East and Africa, particularly with Keyrus’ entry into the lucrative Saudi Arabian market. This move enables Keyrus to pursue its investment in a newly formed cybersecurity business, offering enhanced data security solutions to both existing and new clients.
Eric Cohen, Founder and CEO of Keyrus, expressed his enthusiasm: “This investment in Axon Technologies marks a significant step in our cybersecurity strategy. We’re embarking on an exciting journey to amplify our cybersecurity capabilities and establish a world-class global player in this domain. Axon Technologies’ innovative approach to consulting and managed services aligns perfectly with our vision and culture. We eagerly anticipate integrating Axon into our ecosystem to bolster our cybersecurity solutions and address the digital security challenges of our clients.”
Hadi Hosn, CEO of Axon Technologies, also shared his thoughts: “This partnership marks a new era for Axon Technologies, propelling us further in our mission to protect organizations from cyber threats. We admire the Keyrus vision and believe that our combined strengths will lead to disruptive data and cybersecurity solutions, addressing critical challenges in digital identity, application security, API, and data security across various environments and industries.”
Hadi Darwiche, Chairman of DIV Capital & Co-founder of Axon Technologies: “It’s gratifying to see Axon Technologies grow from a concept into a key player in the cybersecurity field. With Keyrus joining forces with us, we anticipate a period of sustained growth, leveraging our combined experience and established reputations. We are confident that together, Axon Technologies will continue to extend its market presence and deliver top-tier solutions.”
Comprehensive Cybersecurity Portfolio and Global Reach
In a relatively short period, Axon Technologies, founded in 2020, has emerged as a beacon of excellence and innovation in the cybersecurity field, demonstrating remarkable growth and agility in its operations. With a revenue of $3.2 million USD in 2023 and a projected substantial increase of the activities, it represents a testament to its robust business model, exceptional service delivery, and the trust clients place in Axon Technologies. The team made of 30 dedicated professionals is its most valuable asset. Axon Technologies commits to growing its team, fostering a culture of innovation, collaboration, and continuous learning.
Axon Technologies, renowned for its expertise in cybersecurity, will now be able to leverage Keyrus global presence and capabilities. With headquarters in Dubai and a significant footprint in the Middle East, Europe and Africa, Axon Technologies is well-positioned to monitor threats and support client cybersecurity programs across these regions effectively. With the backing of Keyrus’s global network, Axon Technologies is poised for unprecedented growth and are dedicated to setting new standards in the cybersecurity landscape.
The partnership is also expected to enhance the offerings of both companies. Axon Technologies’ expertise in Data Security, Cloud Security, DevSecOps and Managed Security Services aligns seamlessly with the Keyrus strategic objectives in digital, data, AI and cloud transformation initiatives.
About Axon Technologies
Axon Technologies offers comprehensive cybersecurity services including consulting, managed security services, engineering, and testing. The company is a leader in addressing critical infrastructure customers’ cybersecurity needs, from strategic consulting to hands-on management and technical security engineering support and managed security services, ensuring a robust and comprehensive approach to cybersecurity. The company’s service portfolio includes:
Technical Security Consulting & Advisory: Guidance and expertise for technical cybersecurity programs.Advanced Security Testing: Rigorous cybersecurity testing across the environment to identify and address vulnerabilities.Security Engineering & Architecture: Designing and implementing robust security architectures across on-premises and cloud environments.Managed Security Services: Ongoing management and support of cybersecurity operations. About Keyrus
Keyrus, an international player in the consulting and technology sectors and a specialist in data and digital technology, is dedicated to helping enterprises take advantage of the data and digital paradigm to enhance their performance, facilitate and accelerate their transformation, and generate new drivers of growth and competitiveness.
Placing innovation at the heart of its strategy, Keyrus develops a value proposition that is unique in the market and centred around five major service groups, each comprised of multiple solutions:
Automation and Artificial IntelligenceHuman-Centric Digital ExperienceData and Analytics enablementCloud and SecurityBusiness transformation and InnovationBuilding on the combined expertise of more than 3,500 employees active across 27 countries and 4 continents, Keyrus is one of the leading international experts in data, consulting and technology.
Keyrus is listed on Euronext Growth Paris. (ALKEY – ISIN Code: FR0004029411 – Reuters: KEYR.PA – Bloomberg: ALKEY: FP).
About DIV Capital
DIV Capital, originally starting as a family office, now operating as a strategic investment holding firm, specializing in bespoke advisory services. The firm focuses on fortifying family capital through comprehensive offerings that encompass support for early-stage enterprises, strategic asset allocation, and robust governance infrastructure development. The firm operates out of Geneva and Dubai and provides three core services:
Family Asset Support: Tailored support to construct an asset allocation that meets wealth goals.Family Financial Sponsorship: Reinforcement for family-operated businesses, aimed at fostering enduring value creation.Governance and Reporting: Consultation on governance frameworks and the enhancement of reporting standards for comprehensive asset oversight.Forward Looking Statements
Some of the statements in this press release may be forward-looking statements or statements of future expectations based on currently available information. Such statements are naturally subject to risks and uncertainties. Factors such as the development of general economic conditions, future market conditions, unusual catastrophic loss events, changes in the capital markets and other circumstances may cause the actual events or results to be materially different from those anticipated by such statements. Axon Technologies, Keyrus or DIV Capital do not make any representation or warranty, express or implied, as to the accuracy, completeness or updated status of such statements. Therefore, in no case whatsoever will the companies and the affiliate companies be liable to anyone for any decision made or action taken in conjunction with the information and/or statements in this press release or for any related damages.
Contact: [email protected]
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NDC Group and Valantic form a strategic partnership in EPM solutions

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PRAGUE, Feb. 27, 2024 /PRNewswire/ — NDC Group, a leading company in enterprise performance management (EPM) consultancy and data analytics is pleased to announce a strategic partnership with valantic, renowned digital solutions, consulting, and tech innovation company. Through this partnership, the companies aim to offer a joint portfolio of solutions and services in SAP planning and analytics.

Central to this collaboration is the delivery of NDC Financial Consolidation, which offers an automated and streamlined approach to legal and managerial consolidation. While the solution draws inspiration from the concept and functions of previously popular SAP consolidation solutions, it utilizes the modern technologies to enhance automation, performance, user experience, and seamless data integration.
The partnership also gives the chance to offer additional products, including SAC workforce planning content, SAP BusinessObjects migration accelerators, and pre-built content for SAC financial planning. Overall, the combined expertise and product offering enhance the ability of both companies to support customers in driving data-driven transformations within their organizations.
Stefan Blinkmann, Head of SAP Analytics at valantic, emphasizes: “We are very pleased about our new partnership, and we are convinced that our customers will benefit greatly from it. Above all, the NDC Group’s products create added value in the area of consolidation based on SAP Analytics Cloud, and they expand valantic’s range of services. An integrated solution for reporting, planning, and consolidation in SAP Analytics Cloud provides multiple benefits for our customers and enables them to streamline their system landscape.”
Karel Jirik, Head of Products at NDC Group, is also convinced of the benefits of this collaboration: “Our partnership with valantic is an excellent opportunity to leverage the synergies between our teams to streamline and transform our customers’ data landscape. The jointly offered EPM solutions enable precise and swift decision-making and enhance operational efficiency, crucial elements in today’s competitive landscape. I’m particularly pleased we found a lot of commonalities with valantic, and I am convinced together we can deliver better solutions in a shorter time.”
Vladislav Stefanak, CEO of NDC Group, reflects on the partnership’s potential: “This partnership embodies my vision of equipping our clients with advanced functionalities reminiscent of those found in SAP BPC and SAP Financial Consolidation, yet significantly enhanced by leveraging top-tier SAP technologies. Our collaboration with valantic commenced with remarkable synergy from the outset, underpinned by their extensive expertise and knowledge base.”
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