The global PCB design software market is expected to grow at a CAGR of 26% during the assessment period to reach USD 4 billion by the end of 2023. The development of consumer electronics with best functions and properties to users is the primary driver of the market. The miniaturization of devices and need for portable devices are likely to spur the market demand.
By design complexity, the market is segmented into low end, medium end and high-end design.
By type, the market is segmented into PCB layout and schematic capture.
By deployment type, the market is divided into on-cloud and on-premise. The on-cloud segment is likely to drive the revenue streams of the market owing to increasing digitization in major industrial sectors.
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The geographical analysis of user activity monitoring market is studied for North America, Europe, Asia Pacific (APAC), and Rest-of-the-World (RoW).
At present, North America is dominating the PCB design software market due to the increased investments from economies into research and development which drives the growth of the market. The U.S. has seen tremendous growth in the semiconductor industry and is anticipated to attain more growth during the forecast period.
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