July 19, 2024
Ethernet Card Market

Growing Adoption of IoT to Boost the Growth of Ethernet Card Market

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:

An Ethernet card is a networking hardware that allows computers or networking devices to connect to an Ethernet network. Ethernet cards provide fast data transfer capabilities and high network bandwidth. They improve the overall connectivity of devices and enable transmission and reception of data packets over wired networks. The increasing adoption of Internet of Things (IoT) is driving the demand for ethernet cards as IoT devices heavily rely on connectivity and networking for functioning. Also, widespread usage ofethernet cards in data centers, enterprises, and commercial buildings is augmenting the market growth.

Market key trends:

The rising trend of BYOD (Bring Your Own Device) policy in organizations have necessitated the requirement for fast and secure connectivity infrastructure like ethernet networks. Growing digital transformation across various industries is encouraging migration to converged networking architecture using ethernet switches and routers, thus fueling sales of ethernet cards. Furthermore, increasing deployment of 5G infrastructure worldwide is projected to open new avenues for ethernet card manufacturers over the forecast period. Faster data transfer and high bandwidth capability of ethernet networks make them suitable for applications such as IP surveillance cameras, video streaming, and cloud computing.

Porter’s Analysis

Threat of new entrants: The ethernet card market has moderate barriers for new entrants owing to the presence of well-established players who dominate the market.

Bargaining power of buyers: Buyers have moderate bargaining power due to the availability of substitutes offered by a number of vendors. However, switching cost keep the bargaining power in check.

Bargaining power of suppliers: A few vendors like Intel, Broadcom, and Mellanox dominate the ethernet card supply market, giving them moderate bargaining power.

Threat of new substitutes: New technological advances like 5G networking pose a threat to ethernet cards. However, the existing infrastructure and compatibility provide stability against substitutes.

Competitive rivalry: The ethernet card market witnesses high competition due to the presence of global and regional players.

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 connectivity solutions across industries.

Regional analysis: North America dominates the global ethernet card market owing to early technology adoption and presence of key players in the region. Asia Pacific is expected to witness the fastest growth due to rising industrialization and infrastructure development activities in the region.

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. and Extreme Networks Inc. Key players are focused on new product launches and partnerships to strengthen their market position. For instance, in 2022, Intel launched Ethernet 800 Series network adapters to power real-time analytics and AI applications at the edge.

*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it