The EDA market consists of serval application sectors and consists of vendors, who are providing software tools, dedicated design services, and IP. The industry is presently dominated by many small and large vendors. Several major SIP companies are looking at the prospects to acquire other IP companies to expand their market share. The growth potential of the EDA market is anticipated to attract numerous new vendors trying to gain entry into the market. These new players are focusing on the distinct segments of IC design IP, which will help them gain a considerable market share.