The 3rd Party Semiconductor Intellectual Property (SIP) market has seen great innovation in the products it offers to System-on-a-Chip (SoC) designers over the last ten years. If any market segment in the semiconductor industry typifies the intense evolutionary pressures that the entire electronics market has undergone, it is the 3rd Party SIP market. A new report from Semico Research, "Licensing, Royalty and Service Revenues for 3rd Party SIP: Market Analysis and Forecast for 2015," forecasts the worldwide IP Market to approach 8 billion by 2019.