by The global Ethernet Card Market is estimated to be valued at US$ 6.25 Bn or Mn 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 primarily used to connect computer systems and devices to an Ethernet network. Ethernet cards enable faster data exchange, large content sharing, and seamless multimedia experience. They provide reliable, high-speed connectivity for various operation in enterprises, data centers, and other commercial applications.
Market key trends:
One of the key trends spurring the growth of the Ethernet card market is the increasing adoption of 10 gigabit Ethernet technology. 10GbE enables data transfer speeds up to 10 gigabits per second, almost 10 times faster than Gigabit Ethernet. It is suitable for high-density servers, storage infrastructures, and multimedia applications. Many leading organizations are undertaking network infrastructure upgrade projects to transition from traditional 1GbE systems to 10GbE networks to handle the growing data traffic. This is expected to increase the demand for 10GbE-enabled Ethernet cards significantly over the forecast period.
Market key trends:
One of the key trends in the Ethernet card market is the growth of high-speed Ethernet networks for data centers and cloud computing infrastructure. With increasing data traffic and demand for low latency networks, data center operators are upgrading their infrastructure to 100GbE, 200GbE and 400GbE networks. This is driving the demand for advanced Ethernet controllers and adapters that can support high speeds. Ethernet card vendors are developing new products to capitalize on this opportunity.
SWOT Analysis
Strength: Ethernet cards have well-established industry standards and are widely compatible across systems. They provide reliable, high-speed networking solutions.
Weakness: Upgrading to newer, higher-speed Ethernet technologies requires replacement of existing network infrastructure which involves costs.
Opportunity: Growth in data centers, cloud computing and big data analytics is driving the need for high bandwidth networks. This is increasing opportunities for advanced Ethernet cards.
Threats: Open compute project specifications pose a potential threat by promoting generic hardware designs.
Key Takeaways
The Global Ethernet Card Market Size was valued at US$ 6.25 billion in 2023. The market is expected to witness high growth, exhibiting a CAGR of 9.0% over the forecast period, due to increasing data traffic worldwide driven by cloud computing, internet of things and 5G technologies.
North America dominated the global market in 2023 with a share of around 35%, followed by Asia Pacific and Europe. Going forward, the Asia Pacific region is expected to register the highest CAGR owing to rapid digitalization and industrialization in major economies like China and India.
Key players operating in the Ethernet card market include 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, and Microchip Technology Inc.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
