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Cadence Design Systems Has 2 Major Competitors

Cadence Design Systems (CDNS) creates software and hardware that assists semiconductor companies in designing chips. The company along with competitors Synopsis (SNPS) and Mentor Graphics (MENT) comprise the only major players in the Electronic Design Automation industry. Swallowing up the smaller companies has been key to survival of the Big 3 as the EDA industry is subject to change as quickly as technological advances are made. CDNS has made over 50 acquisitions in about 20 years and is the second largest of the Big 3.

The EDA industry is dependent on new design demands for their revenue. According to CDNS CEO Tan, the market opportunities exist for his company and the EDA industry in the cloud, the Internet of Things, communications, computers and the automotive sector.

A report by Yole Development pegs the market size of the Internet of Things in the $70 billion range by 2018 and over $400… Read More …