The Ethernet Card Market is estimated to be valued at US$ 6.25 Bn in 2023 and is expected to exhibit a CAGR of 9.0% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
An Ethernet card is a networking hardware that allows devices such as computers, smartphones and switches to connect to a computer network or the internet. It supports both wired and wireless connectivity and facilitates high-speed data transmission. Ethernet cards are used in personal computers, servers, switches and routers to connect multiple devices over Local Area Network (LAN). They help transfer audio, video and other data between devices at speeds up to 100 Gbps. Small and medium businesses widely utilize Ethernet cards to set up internal networks for sharing resources and facilitating communication.
Market Dynamics:
The growth of the Ethernet card market is driven by rising adoption of smart devices and automation across various industries. Increased usage of IoT devices that require high-speed internet connectivity to operate efficiently is also fueling demand for advanced Ethernet solutions. According to Cisco Systems, by 2021 the number of IoT connections is estimated to reach 25 billion worldwide. Moreover, rapid digitalization post COVID-19 pandemic has accelerated the deployment of high-speed networking infrastructure for cloud computing, data centers and cybersecurity applications which requires top of the line Ethernet switches and adapters. However, availability of substitutes such as Wi-Fi solutions and long product replacement cycles may hamper the market growth to some extent over the forecast period.
Segment Analysis
The Ethernet card market is dominated by the 100Me and 1000Me segments. The 100Me segment accounts for over 40% of the market share owing to its widespread adoption in small to medium enterprises that require lower bandwidth. However, the 1000Me segment is expected to grow at a faster rate through the forecast period driven by the increasing cloud traffic and deployment of big data applications that demand higher bandwidth.
PEST Analysis
Political: No significant political factors are affecting the ethernet card market.
Economic: The rising adoption of high-speed internet across industries is fueling the demand for higher bandwidth ethernet cards. Organizations across sectors are increasingly relying on cloud-based applications and mobility which drives the need for faster data transmission.
Social: Greater mobile connectivity and usage of connected devices has increased data traffic and bandwidth requirements. Video streaming and video conferencing have become commonplace which necessitates faster networking equipment.
Technological: Advancements in Ethernet switching technology such as 25Gbe, 50Gbe, and 100Gbe are allowing organizations to cater to bandwidth-intensive workloads. The transition to cloud computing is propelling the need for network infrastructures that can support Virtual LAN (VLAN).
Key Takeaways
The Global Ethernet Card Market Size is expected to witness high growth, exhibiting a CAGR of 9.0% over the forecast period, due to increasing digitization and cloud adoption. The market size for 2023 is estimated to be US$ 6.25 Bn.
Regional analysis : North America accounts for the largest share of the ethernet card market currently owing to heavy investments in advanced networking infrastructure by communication service providers and hyperscale data center operators in the region. Asia Pacific is expected to witness the fastest growth through the forecast period on account of the rapidly expanding cloud computing market and burgeoning digital services industry.
Key players operating in the (incorporate given market name) are Intel Corporation, Broadcom Inc., Mellanox Technologies (now part of NVIDIA), Cisco Systems Inc., Juniper Networks Inc., Hewlett Packard Enterprise (HPE), Dell Technologies Inc., Huawei Technologies Co. Ltd., Arista Networks Inc., Extreme Networks Inc., Juniper Networks Inc., Marvell Technology Group Ltd., Fujitsu Limited, NEC Corporation, Microchip Technology Inc. The market is consolidated in nature with the top players accounting for majority share.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
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