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Research and Markets: The Global PCB Design Software Market to Grow at a CAGR of 5.3 Percent over the Period 2011-2015
By: Business Wire
Nov. 7, 2012 10:50 AM
Research and Markets (http://www.researchandmarkets.com/research/94tst7/global_printed) has announced the addition of the "Global Printed Circuit Board Design Software Market 2011-2015" report to their offering.
One of the key factors contributing to this market growth is the need to reduce the time to market. The Global PCB Design Software market has also been witnessing the increasing availability of cloud-based PCB design software. However, the availability of open-source PCB design software could pose a challenge to the growth of this market.
Key vendors dominating this market space include: Mentor Graphics Corp., Zuken Inc., Cadence Design Systems Inc., and Ansys Inc.
Other vendor mentioned in the report: Synopsys Inc., Altium Ltd., and Forte Design Systems Inc.
Commenting on the report, an analyst from TechNavio's Engineering team said: ''The increasing availability of cloud-based printed circuit board (PCB) design software is one of the emerging trends in the Global PCB Design Software market. Cloud-computing technology provides several advantages to SMEs through its Software as a Service (SaaS) models. Cloud-based services offer huge data storage and provide remote access to subscribed software. Cost effectiveness, easy access, and flexibility are some of the major benefits of cloud-based technology, and its growing popularity has led to an increase in the development of cloud-based electronic design automation (EDA) software. Hence, small and medium-sized enterprises (SMEs) opt for cloud-based PCB design software solutions as they do not require huge initial investment. Further, cloud technology allows the user to pay per usage or on a rental basis, thus eliminating the subscription fee, and software license and hardware costs.''
According to the report, the need to reduce time to market is one of the major drivers of the Global PCB Software Design market. PCB design software improves the time to market of a product by reducing the PCB design cycle time and the PCB testing time. PCBs include many complex designs that are difficult to design manually with high accuracy. PCB design software actually assists designers to visualize the layout and plans of PCB designs, which are printed on PCBs using digital printing technologies.
Further, the report discusses that the availability of open-source PCB design software is one of the major challenges confronting the Global PCB Design Software market.
For more information visit http://www.researchandmarkets.com/research/94tst7/global_printed
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