NEW YORK – The electronic design automation market is expected to grow at a CAGR of 12% from 2019 through 2027, reaching $28.3 billion by 2027, says ReportLinker.

Demand for machine learning in EDA software will affect the market, says the research firm.

EDA software has evolved in response to goals for high performance, low power and decreased design cycle time. New tools that resolve issues more quickly are expected to cut design costs.