target audience: TECH SUPPLIER  Publication date: Dec 2022 - Document type: Market Note - Doc  Document number: # US49765922

Adobe's Acquisition of Figma Positions the Company to Innovate in the Space of Collaborative Design and Developer Tools

By: 

  • Arnal Dayaratna Loading
  • Michele Rosen Loading

Content



Get More

When you purchase this document, the purchase price can be applied to the cost of an annual subscription, giving you access to more research for your investment.



Related Links

Abstract


This IDC Market Note discusses Adobe's recent acquisition of Figma for approximately $20 billion.

"Adobe's acquisition of Figma positions the company to richly leverage Figma's collaboration functionality that empowers a multitude of designers and developers to work in parallel. This ability for a multitude of developers and designers to collaborate in real time via Figma's web-based platform has the potential to enable Adobe to extend these collaboration capabilities to its other products and services, thereby rendering development a "multiplayer" sport as opposed to a single-player activity," noted Arnal Dayaratna, research vice president, Software Development, IDC. "As such, the acquisition positions Adobe to lead with respect to development of cutting-edge, collaborative experiences for developers in ways that expand its total addressable market of products and services, as opposed to merely strengthening its existing product portfolio."



Coverage


Do you have questions about this document
or available subscriptions?