International Data Corporation
May 23, 2025
Figma, Inc.
760 Market Street, Floor 10
San Francisco, CA 94102
Figma, Inc. (the “Company” or “Figma”) has requested that International Data Corporation (“IDC”) execute this letter in connection with a proposed initial public offering of the Company’s securities (the “Offering”). In connection with the Offering, the Company will be filing a registration statement on Form S-1 (the “Registration Statement”) with the Securities and Exchange Commission. In response to such request, please be advised as follows:
1.IDC consents to the use of and reference to IDC’s name and to the IDC Executive Spotlight sponsored by Figma, “Global Workforce Engaged in Software Design Expands to 144 Million By 2029”, DOC #US53309325, May 2025, in the Registration Statement.
2.IDC consents to the use by the Company of the research data substantially in the form furnished hereto as Exhibit A, which will be included as part of the Registration Statement. In granting such consent, IDC represents that, to its knowledge, the statements made in such research data are accurate and fairly present the matters referred to therein.
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| Sincerely, |
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| International Data Corporation |
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| By: | /s/ Stephanie Geary |
| Name: | Stephanie Geary |
| Title: | Content Permissions Manager, IDC |
| Date: | May 23, 2025 |
Exhibit A
We estimate that our total addressable market is $33 billion today across the “global workforce engaged in software design,” as identified by IDC. We calculate our total addressable market based on internal Figma data and the IDC Executive Spotlight sponsored by Figma, “Global Workforce Engaged in Software Design Expands to 144 Million By 2029.” We commissioned this IDC Executive Spotlight, which sizes the global number of participants involved in the product development process.1
1 To estimate our market opportunity, we took IDC primary research-informed models of the global workforce population engaged in software design and then applied our internal pricing data to determine our total addressable market.