We will examine the financial performance and structure of EDA and ecosystem from 2006 through 2019, as well as the material technical trends and requirements that have affected its performance and the EDA companies’ strategies. In addition, we will examine the effects in recent years of semiconductor industry consolidation, including the progression of semiconductor R&D spending. Lastly, we will examine how the market value of the publicly-held EDA companies has evolved and provide our financial projections for EDA through 2021.