Kudos all around our industry as it continues to report strong revenue growth!
According to the Electronic Design Market Data (EDMD) report, the Electronic System Design (ESD) industry revenue increased 14% to $4,423 million in the fourth quarter of 2023 from the $3,879.9 million logged in the third quarter of 2023. The four-quarter moving average comparing the most recent four quarters to the prior four increased 14.1%.
Our industry’s hiring. Companies tracked employed 60,106 people globally in Q4 2023, an 8.9% jump over the Q4 2022 headcount of 55,192 and up 0.6% compared to Q3 2023.
