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Synopsys Inc   (SNPS)
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    Sector  Technology    Industry Software & Programming
   Industry Software & Programming
   Sector  Technology

Synopsys Inc 's

Competitiveness


 

SNPS Sales vs. its Competitors Q4 2023



Comparing the current results to its competitors, Synopsys Inc reported Revenue increase in the 4 quarter 2023 by 21.13 % year on year.
The sales growth was above Synopsys Inc 's competitors' average revenue growth of 19.33 %, achieved in the same quarter.

List of SNPS Competitors

With a net margin of 27.06 % Synopsys Inc achieved higher profitability than its competitors.

More on SNPS Profitability Comparisons



Revenue Growth Comparisons




Net Income Comparison


Synopsys Inc Net Income in the 4 quarter 2023 grew year on year by 66.11%, faster than the Synopsys Inc 's competitors average income growth of 50.57 %

<<  SNPS Stock Performance Comparisons


Synopsys Inc 's Comment on Competitors and Industry Peers


The EDA industry is highly competitive. We compete against other EDA vendors and against our customers’ own design tools and internal design capabilities. In general, we compete principally on technology leadership, product quality and features (including ease-of-use), license terms, price and payment terms, post-contract customer support, and interoperability with our own and other vendors’ products. We also deliver a significant amount of engineering and design consulting for our products. No single factor drives an EDA customer’s buying decision, and we compete on all fronts to capture a higher portion of our customers’ budgets. Our competitors include EDA vendors that offer varying ranges of products and services, such as Cadence Design Systems, Inc. and Mentor Graphics Corporation (which was recently acquired by Siemens AG). We also compete with other EDA vendors, including new entrants to the marketplace, that offer products focused on one or more discrete phases of the IC design process, as well as with customers’ internally developed design tools and capabilities.

In the area of IP products, we compete against numerous other IP providers, including Cadence Design Systems, Inc., and our customers internally developed IP. We generally compete on the basis of product quality, reliability and features, ease of integration with customer designs, compatibility with design tools, license terms, price and payment terms, and customer support.

In the area of Software Integrity solutions, the market is still developing. We compete with other solution providers, many of which focus on specific aspects of software security or quality analysis, as well as with frequent new entrants, which include start-up companies and more established software companies.





  

Overall company Market Share Q4 2023

Due to strong revenue growth of 21.13 % in Overall company Synopsys Inc improved its market share, to approximately 58.66 %.


<<  More on SNPS Market Share.
 
*Market share is calculated based on total revenue.





Who are Synopsys Inc 's Competitors?




Cadence Design Systems Inc
Share Performance



+3.80%
Over The Past 5 Days



Cadence Design Systems Inc
Profile

Cadence Design Systems Inc is a software company that primarily focuses on providing electronic design automation (EDA) tools and services to semiconductor and electronic device manufacturers, aiming to improve the efficiency and accuracy of their design processes. They generate revenue by selling licenses and subscriptions for their software products, as well as through providing customer support and professional services.

More about Cadence Design Systems Inc 's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 85,918.910 mill. $ 4,089.986 mill. $ 1,041.144 mill.


Ceva Inc
Share Performance



+4.13%
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
$ 554.009 mill. $ 82.718 mill. $ -13.707 mill.


Pdf Solutions Inc
Share Performance



+10.45%
This Year



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
$ 1,328.552 mill. $ 165.835 mill. $ 3.105 mill.


Credo Technology Group Holding Ltd
Share Performance



+22.25%
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
$ 3,756.085 mill. $ 162.553 mill. $ -33.829 mill.



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