The global 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: Ethernet cards allow networking devices like computers and servers to connect to a local area network or wide area network. They support high-speed data transmission and come with features like energy efficiency and low power consumption. With growing adoption of 5G technology across industries, the demand for scalable and high-speed networking solutions like ethernet cards is increasing rapidly. Market key trends: One of the major trends fueling the growth of ethernet card market is the rising adoption of 5G technology. 5G introduces higher broadband speeds and low latency which require network infrastructures to support high-speed data transmission. As 5G deployments continue to expand globally, the demand for high-performance ethernet cards from telecom operators and enterprises is expected to grow significantly. Various organizations are upgrading their legacy network systems to accommodate 5G through investments in ethernet switches, routers, and cards that can handle the massive throughput and bandwidth of 5G. This growing focus on 5G compatible infrastructure Upgrades is poised to drive the ethernet card market during the forecast period. Segment Analysis The global Ethernet card market is dominated by Ethernet desktop adapters segment. Ethernet desktop adapters enable computers, workstations and servers to connect to a network through an Ethernet local area network (LAN) connection. Desktop adapters offer high bandwidth, reliability and flexibility in network connectivity. With growing adoption of Ethernet in various industries for networking purposes, the demand for desktop adapters is expected to rise significantly over the forecast period. Key Takeaways The Global Ethernet Card Market Size is expected to witness high growth, exhibiting CAGR of 9.0% over the forecast period, due to increasing demand for high-speed network connectivity solutions across industries. The North American region dominated the global Ethernet card market in 2023, accounting for around 35% of the overall shares. However, the Asia Pacific region is expected to witness the highest growth over the forecast period. The growth of the region is driven by rapid industrialization, infrastructure development and adoption of cloud computing services. Key players operating in the Ethernet card market 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. Among the key players, Intel Corporation and Broadcom Inc. hold a significant share in the global Ethernet card market. Read more: https://www.ukwebwire.com/ethernet-card-market-insights-trends/
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