Cadence Design Systems Inc Comparisons to its Competitors and Market Share (2024)


Cadence Design Systems Inc (CDNS)
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Competitiveness



CDNS Sales vs. its Competitors Q1 2024

Comparing the current results to its competitors, Cadence Design Systems Inc reported Revenue decrease in the 1 quarter 2024 year on year by -1.23 %, despite the revenue increase by the most of its competitors of 13.6 %, recorded in the same quarter.

List of CDNS Competitors

With a net margin of 24.54 % Cadence Design Systems Inc achieved higher profitability than its competitors.

More on CDNS Profitability Comparisons

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Revenue Growth Comparisons



Net Income Comparison


Cadence Design Systems Inc Net Income in the 1 quarter 2024 grew year on year by 2.41%, while most of its competitors have experienced a contraction in net income by -3.35 %.

<< CDNS Stock Performance Comparisons



Cadence Design Systems Inc 's Comment on Competitors and Industry Peers

We compete most frequently with Synopsys, Inc. and Mentor Graphics Corporation, which was acquired by Siemens AG in 2017, and with numerous other EDA providers, manufacturers of electronic devices that have developed, acquired or have the capability to develop their own EDA products, electronics design and consulting companies, and other IP companies. These include Altium Limited, Ansys, Inc., CEVA, Inc., Keysight Technologies, Inc. and Zuken Ltd.
Certain competitive factors in the engineering services business differ from those of the products businesses. While we compete with other EDA companies in the engineering services business, our principal competitors include independent engineering service businesses. Many of these companies are also customers, and therefore use our product offerings in the delivery of their services or products.

<< See the full list of CDNS competitors

Overall company Market Share Q1 2024

Overall company, revenue fell by -1.23 % and company lost market share, to approximately 10.63 %.

<< More on CDNS Market Share.

*Market share is calculated based on total revenue.
  • CDNS's Stock Performance relative to its Competitors


Who are Cadence Design Systems Inc 's Competitors?




Esco Technologies inc
Share Performance


Cadence Design Systems Inc Comparisons to its Competitors and Market Share (1) -1.51%

Over The Past 5 Days


Esco Technologies inc

Profile


Esco Technologies Inc's business model revolves around providing products and solutions for electric, gas, and water utility customers. They focus on delivering innovative technologies and services to enhance the efficiency and reliability of infrastructure systems in these industries.

More about Esco Technologies inc 's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 2,684.374 mill. $ 987.181 mill. $ 98.328 mill.


Bentley Systems Incorporated
Share Performance


Cadence Design Systems Inc Comparisons to its Competitors and Market Share (2) -7.09%

One Year


Bentley Systems Incorporated

Profile


is a leading global provider of software for infrastructure engineering

More about Bentley Systems Incorporated's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 16,744.564 mill. $ 1,250.852 mill. $ 351.607 mill.


Skywater Technology Inc
Share Performance


Cadence Design Systems Inc Comparisons to its Competitors and Market Share (3) -1.82%

30 Days


Skywater Technology Inc

Profile


Skywater Technology Inc's business model focuses on semiconductor manufacturing and foundry services for a wide range of industries.

More about Skywater Technology Inc 's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 381.498 mill. $ 300.224 mill. $ -26.159 mill.


Synopsys Inc
Share Performance


Cadence Design Systems Inc Comparisons to its Competitors and Market Share (4) +1.73%

30 Days


Synopsys Inc

Profile


Synopsys Inc is a leading technology company that specializes in providing software and intellectual property solutions to assist with the design and verification of integrated circuits and electronic systems. Their business model revolves around offering a comprehensive suite of products and services to semiconductor and electronics companies worldwide, helping them streamline their design processes and accelerate time-to-market for their products. With a focus on innovation and expertise, Synopsys Inc combines software tools, IP libraries, and consulting services to cater to the diverse needs of their clients in the semiconductor industry.

More about Synopsys Inc 's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 91,937.012 mill. $ 6,189.593 mill. $ 1,414.846 mill.


Ceva Inc
Share Performance


Cadence Design Systems Inc Comparisons to its Competitors and Market Share (5) -1.42%

Over The Past 5 Days


Ceva Inc

Profile


Ceva Inc's business model involves providing licensable intellectual property (IP) and semiconductor technologies to other companies for integration into their own products.

More about Ceva Inc 's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 474.391 mill. $ 118.340 mill. $ -12.454 mill.


Kla Corporation
Share Performance


Cadence Design Systems Inc Comparisons to its Competitors and Market Share (6) +3.83%

Over The Past 5 Days


Kla Corporation

Profile


develops industry-leading equipment and services that enable innovation throughout the electronics industry

More about Kla Corporation's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 112,059.463 mill. $ 9,598.649 mill. $ 2,610.104 mill.


Aspen Technology inc
Share Performance


Cadence Design Systems Inc Comparisons to its Competitors and Market Share (7) +18.49%

One Year


Aspen Technology inc

Profile


Aspen Technology Inc operates on a software-centric business model, offering advanced analytics and automation solutions to various industries including energy, chemicals, engineering, and pharma. The company primarily generates revenue through the sale of licenses, maintenance, and customer support services for their software products. By leveraging their expertise in process optimization and data analytics, Aspen Technology aims to help clients achieve operational excellence, improve efficiency, and maximize profitability.

More about Aspen Technology inc 's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 12,611.103 mill. $ 1,103.723 mill. $ -27.153 mill.


Ansys Inc
Share Performance


Cadence Design Systems Inc Comparisons to its Competitors and Market Share (8) -2.03%

30 Days


Ansys Inc

Profile


Ansys Inc is a software company that provides simulation software and services to help companies design and develop products more efficiently and effectively.

More about Ansys Inc 's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 28,367.863 mill. $ 2,227.107 mill. $ 434.568 mill.


Keysight Technologies inc
Share Performance


Cadence Design Systems Inc Comparisons to its Competitors and Market Share (9) -0.56%

Over The Past 5 Days


Keysight Technologies inc

Profile


Keysight Technologies Inc. operates on a business model focused on developing and manufacturing electronic measurement solutions. These solutions range from instruments and software to systems that assist customers in designing, testing, and deploying products. Keysight's business model ensures a strong emphasis on innovation, technical expertise, and customer satisfaction, leading to long-term partnerships and sustainable growth.

More about Keysight Technologies inc 's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 23,796.500 mill. $ 5,304.000 mill. $ 845.000 mill.


National Instruments Corp
Share Performance


Cadence Design Systems Inc Comparisons to its Competitors and Market Share (10) +0.47%

30 Days


National Instruments Corp

Profile


National Instruments Corporation operates under a business model that focuses on providing hardware and software solutions for testing, measurement, and automation. Their products cater to a wide range of industries and applications, including electronics, automotive, aerospace, and academia. The company follows a direct sales approach, offering customers a range of products through their own sales force, while also leveraging partnerships with distributors and third-party sales channels.

More about National Instruments Corp's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 8,047.577 mill. $ 1,729.833 mill. $ 179.395 mill.


Altair Engineering Inc
Share Performance


Cadence Design Systems Inc Comparisons to its Competitors and Market Share (11) +26.45%

One Year


Altair Engineering Inc

Profile


Altair Engineering Inc's business model involves offering advanced software and consulting services in the field of engineering and design optimization. They provide innovative solutions to help companies improve product performance, efficiency, and overall sustainability.

More about Altair Engineering Inc 's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 7,770.439 mill. $ 600.748 mill. $ -16.536 mill.


Amkor Technology Inc
Share Performance


Cadence Design Systems Inc Comparisons to its Competitors and Market Share (12) +8.94%

This Year


Amkor Technology Inc

Profile


Amkor Technology Inc operates as a semiconductor packaging and test services provider, offering a wide range of advanced packaging solutions for the electronics industry. The company primarily generates revenue by assisting customers in the design, manufacturing, and testing of integrated circuits, enabling them to deliver products to market quickly and efficiently.

More about Amkor Technology Inc 's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 8,631.824 mill. $ 6,395.257 mill. $ 376.693 mill.


Ase Technology Holding Co Ltd
Share Performance


Cadence Design Systems Inc Comparisons to its Competitors and Market Share (13) +1.44%

Over The Past 5 Days


Ase Technology Holding Co Ltd

Profile


Ase Technology Holding Co Ltd is a semiconductor manufacturing and testing company based in Taiwan. Their business model revolves around providing advanced packaging and testing solutions for semiconductor devices. They collaborate with various global customers to develop and produce integrated circuit packaging solutions, aiming to meet the diverse needs of the electronics industry.

More about Ase Technology Holding Co Ltd 's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 50,283.836 mill. $ 19,004.392 mill. $ 1,218.415 mill.


Globalfoundries Inc
Share Performance


Cadence Design Systems Inc Comparisons to its Competitors and Market Share (14) -14.22%

This Year


Globalfoundries Inc

Profile


Globalfoundries Inc is a semiconductor manufacturing company that produces integrated circuits for various industries.

More about Globalfoundries Inc 's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 27,661.000 mill. $ 7,392.000 mill. $ 1,018.000 mill.


Kulicke And Soffa Industries Inc
Share Performance


Cadence Design Systems Inc Comparisons to its Competitors and Market Share (15) -8.80%

This Quarter


Kulicke And Soffa Industries Inc

Profile


Kulicke and Soffa Industries Inc operates under a business model focused on manufacturing and selling semiconductor packaging and electronic assembly equipment to various industries.

More about Kulicke And Soffa Industries Inc 's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 2,559.499 mill. $ 736.500 mill. $ -65.869 mill.


Tower Semiconductor Ltd
Share Performance


Cadence Design Systems Inc Comparisons to its Competitors and Market Share (16) +27.57%

This Year


Tower Semiconductor Ltd

Profile


Tower Semiconductor Ltd is a leading global specialty foundry company that provides advanced technology and manufacturing solutions for integrated circuits (ICs) in sectors such as consumer electronics, automotive, medical, and more. The company operates on a fabless business model, partnering with customers to develop and manufacture their ICs on Tower's advanced semiconductor manufacturing platform.

More about Tower Semiconductor Ltd 's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 4,297.386 mill. $ 1,422.680 mill. $ 519.530 mill.


Viavi Solutions Inc
Share Performance


Cadence Design Systems Inc Comparisons to its Competitors and Market Share (17) -3.13%

30 Days


Viavi Solutions Inc

Profile


Viavi Solutions Inc operates as a provider of network testing, monitoring, and assurance solutions for telecommunications service providers, enterprises, and government entities. The company offers a range of products and services that help ensure the efficiency, performance, and security of network infrastructures.

More about Viavi Solutions Inc 's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 1,654.660 mill. $ 1,005.300 mill. $ -47.700 mill.


Taiwan Semiconductor Manufacturing Company Limited
Share Performance


Cadence Design Systems Inc Comparisons to its Competitors and Market Share (18) +64.01%

One Year


Taiwan Semiconductor Manufacturing Company Limited

Profile


Taiwan Semiconductor Manufacturing Company Limited has a foundry business model, focusing on the design and manufacturing of semiconductors for fabless companies. They operate as a pure-play foundry, supplying integrated circuit (IC) wafer production services to customers worldwide. TSMC offers advanced and specialty process technologies, while their clients provide the designs for the chips they manufacture.

More about Taiwan Semiconductor Manufacturing Company Limited's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 896,939.143 mill. $ 70,598.800 mill. $ 27,793.200 mill.


Pdf Solutions inc
Share Performance


Cadence Design Systems Inc Comparisons to its Competitors and Market Share (19) -1.64%

Over The Past 5 Days


Pdf Solutions inc

Profile


provides comprehensive data solutions designed to empower organizations across the semiconductor ecosystem to improve the yield and quality of their products and operational efficiency for increased profitability

More about Pdf Solutions inc 's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 1,294.755 mill. $ 166.386 mill. $ 2.357 mill.


Wolfspeed Inc
Share Performance


Cadence Design Systems Inc Comparisons to its Competitors and Market Share (20) -50.57%

One Year


Wolfspeed Inc

Profile


is an innovator of wide bandgap semiconductors

More about Wolfspeed Inc 's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 3,416.285 mill. $ 840.400 mill. $ -620.000 mill.


Credo Technology Group Holding Ltd
Share Performance


Cadence Design Systems Inc Comparisons to its Competitors and Market Share (21) +57.13%

This Year


Credo Technology Group Holding Ltd

Profile


is an innovator in providing secure, high-speed connectivity solutions that deliver improved power and cost efficiency as data generation

More about Credo Technology Group Holding Ltd's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 4,827.581 mill. $ 162.553 mill. $ -33.829 mill.

Cadence Design Systems Inc  Comparisons to its Competitors and Market Share (2024)

FAQs

Cadence Design Systems Inc Comparisons to its Competitors and Market Share? ›

Cadence Design Systems has market share of 69.35% in creative-design-services market. Cadence Design Systems competes with 2 competitor tools in creative-design-services category. The top alternatives for Cadence Design Systems creative-design-services tool are Palantir with 21.21%, Kudoboard with 9.43% market share.

What is the market share of Cadence design systems? ›

CDNS's vs. Market share relative to its competitors, as of Q1 2024
COMPANY NAMEMARKET SHARE 12 Months Ending Q1 2024MARKET SHARE 12 Months Ending Q4 2023
Cadence Design Systems Inc25.10%25.28%
Bentley Systems Incorporated7.70%7.59%
Synopsys Inc38.11%37.89%
Ansys Inc13.71%14.03%
4 more rows
Jun 25, 2024

What is Cadence Design Systems known for? ›

Originally known as a creator of electronic design automation (EDA) software, the company currently develops software, hardware and intellectual property (IP) used to design chips, chiplet-style products, and printed circuit boards, while also selling hardware systems that run its chip design software.

What is the rank of cadence design systems? ›

Cadence Design Systems
  • RANK3 25 Best Large Workplaces in the Bay Area.
  • RANK737 Fortune 500.
  • RANK9 Fortune 100 Best Companies to Work For.
  • RANK9 World's 25 Best Workplaces.
  • RANK72 100 Best Large Workplaces for Millennials.
Jun 4, 2024

Is Cadence Design Systems a good buy? ›

Cadence Design Systems has 5.83% upside potential, based on the analysts' average price target. Cadence Design Systems has a consensus rating of Strong Buy which is based on 6 buy ratings, 1 hold ratings and 0 sell ratings. The average price target for Cadence Design Systems is $340.57.

Who is the competitor of Cadence Design Systems? ›

Top Competitors and Alternatives of Cadence Design Systems

The top three of Cadence Design Systems's competitors in the Creative Design Services category are Palantir with 21.21%, Kudoboard with 9.43%, undefined market share.

How big is Cadence Design Systems? ›

Cadence Design Systems is a public company headquartered in California with an estimated 9,300 employees.

What is the alternative to Cadence Design Systems? ›

Best Paid & Free Alternatives to Cadence
  • Klenty.
  • Salesforce Sales Cloud.
  • ActiveCampaign.
  • HubSpot Sales Hub.
  • ZoomInfo Sales.
  • Apollo.io.
  • Salesloft.
  • Outreach.

Does Cadence Design Systems pay well? ›

Average Cadence Design Systems hourly pay ranges from approximately $38.00 per hour for Application Developer to $42.57 per hour for Intern.

What does Cadence Inc do? ›

Cadence is a full-service contract manufacturer and leading supplier of advanced products, technologies, and services to medical, aerospace, automotive, and commercial companies worldwide. When it comes to new product design and development, we strive to be the partner of choice.

Who is Cadence owned by? ›

The ownership structure of Cadence Design (CDNS) stock is a mix of institutional, retail and individual investors. Approximately 52.38% of the company's stock is owned by Institutional Investors, 4.46% is owned by Insiders and 43.16% is owned by Public Companies and Individual Investors.

Is Cadence good company? ›

For six years in a row, Fortune magazine has named Cadence one of the 100 Best Companies to Work For.

What companies use Cadence software? ›

Some notable Cadence include Airbnb, DoorDash, Lyft, Peloton, Calendly, Greenhouse, LumApps, SeatGeek, Splunk, and Unity. Cadence is popular among high-growth technology companies and consumer brands across software, ecommerce, travel, and more.

What do Cadence Design Systems do? ›

Cadence is a pivotal leader in electronic systems design, building upon more than 30 years of computational software expertise. The company applies its underlying Intelligent System Design strategy to deliver software, hardware, and IP that turn design concepts into reality.

Is Cadence Design Systems a SaaS company? ›

The Cadence-managed SaaS-enabled EDA-optimized service provides a fully integrated and proven cloud environment to jump-start semiconductor design, verification, and implementation projects.

Who is the CEO of Cadence Design Systems? ›

Dr. Anirudh Devgan is President and CEO of Cadence and is a member of the Board of Directors. Prior to becoming CEO in 2021, he was President of Cadence, before which he served as Executive Vice President and General Manager of the Digital & Signoff and System Verification groups.

What is the total revenue of Cadence Design Systems? ›

According to Cadence Design Systems's latest financial reports the company's current revenue (TTM ) is $4.07 B. In 2022 the company made a revenue of $3.56 B an increase over the years 2021 revenue that were of $2.98 B. The revenue is the total amount of income that a company generates by the sale of goods or services.

What is the credit rating for Cadence Design Systems Inc? ›

01Ratings
RatingActionType
A-AffirmedLong Term Issuer Default Rating

What is the net worth of Cadence software? ›

Cadence Design Systems net worth as of June 28, 2024 is $83.84B. Cadence Design Systems Inc. offers products and tools that help customers to design electronic products.

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