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Indian IC design market to grow at 20% CAGR, says In-Stat
Posted on Monday, February 12th, 2007 at 1:09 pm

 

India’s IC design services market is set to grow at over 20 percent per year through 2010, according to market research firm In-Stat (Scottsdale, Arizona). The Design services revenue in India is likely to grow from $869 million in 2005 to $2.45 billion by 2010, the company said.

The number of Indian IC design engineers is set to increase from 12,352 in 2005 to 40,893 by 2010, In-Stat said.

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