Network interface cards market size to grow by USD 2,903.19 million from 2022 to 2027|Increasing demand for high-speed internet boosts the market - Technavio
NEW YORK, July 21, 2023 /PRNewswire/ -- The global network interface cards market size is estimated to grow by USD 2,903.19 million from 2022 to 2027, according to Technavio. The market is estimated to grow at a CAGR of 4.84% during the forecast period. North America held the largest share of the global market in 2022, and the market in the region is estimated to witness an incremental growth of 36%. For more insights on the historic (2017 to 2021) and forecast market size (2023 to 2027) - Request a sample report
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Technavio has segmented the market based on type (ethernet interface card and token ring interface card), application (PCs, portable PCs, switches, and modems), and geography (North America, Europe, APAC, South America, and Middle East and Africa).
The ethernet interface card segment will be significant for market growth during the forecast period. These cards are widely used in corporate and home networks and are essential for accessing shared resources, communicating with other devices, and connecting to the Internet. Also, an Ethernet interface allows a computer to communicate with other devices on a network and access shared resources such as files, printers, and Internet connections. Additionally, ethernet interface cards have a wide variety of uses and applications and are an essential component in building and maintaining modern computer networks. Hence, such factors drive segment growth during the forecast period.
Geography Overview
By geography, the global network interface cards market is segmented into North America, Europe, APAC, South America, and Middle East and Africa. The report provides actionable insights and estimates the contribution of all regions to the growth of the global network interface cards market.
North America will account for 36% of the growth of the global network interface cards market during the forecast period. The regional market growth can be attributed to factors such as the increasing demand for high-speed internet connectivity and the popularization of cloud computing and virtualization technologies. Also, a high-speed Internet connection is required for cloud computing and virtualization technologies to work effectively. Additionally, since these technologies become more popular in North America, the demand for NICs that support high data transfer speeds is expected to grow significantly. Hence, such factors drive the network interface cards market in the North American region during the forecast period.
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Network interface cards market ? Market Dynamics
Key factor driving market growth
Increasing demand for high-speed internet drives the growth of the network interface cards market.
Factors such as the rising demand for bandwidth-hungry applications such as video streaming, online gaming, and virtual reality calls for NICs capable of handling massive amounts of data traffic.
Also, the rise of cloud computing is also contributing to the growth of the market, as it allows businesses to store and access data and applications over the Internet.
Hence, such factors drive the market growth during the forecast period.
Leading trends influencing the market
The emergence of bring-your-own-device (BYOD) is an emerging network interface cards market trend.
Bring-your-own-device (BYOD) increases the trend for employees to bring personal devices such as smartphones, tablets, and laptops to the workplace and use them for work-related tasks.
This policy requires a high-performance network to support the influx of different devices used on the network, which leads to increased demand for network interface cards, which are critical components of any network infrastructure.
Hence, such trends fuel the market growth during the forecast period.
Major challenges hindering the market growth
The security concerns associated with network interface cards challenge the growth of the network interface cards market.
Due to the rise of cyber-attacks and other related threats, consumers are becoming more concerned about the security of their digital assets, including hardware components.
Moreover, users now look for network interface cards with robust security features to protect data and ensure its integrity.
Furthermore, security issues related to network interface cards include malware attacks, impersonation, data interception, etc.
Hence, such security concerns related to network interface cards will adversely affect the growth of the market during the forecast period.
Insights on Market Drivers, trends, & Challenges, historic period(2017 to 2021) and forecast period(2023 to 2027)- Request a sample report!
What are the key data covered in this network interface cards market report?
CAGR of the market during the forecast period
Detailed information on factors that will drive the growth of the network interface cards market between 2023 and 2027
Precise estimation of the size of the network interface cards market and its contribution to the market with a focus on the parent market
Accurate predictions about upcoming trends and changes in consumer behavior
Growth of the network interface cards market across North America, Europe, APAC, South America, and Middle East and Africa
A thorough analysis of the market's competitive landscape and detailed information about vendors
Comprehensive analysis of factors that will challenge the growth of network interface cards market vendors
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The network security software market is estimated to grow at a CAGR of 11.14% between 2022 and 2027. The market size is forecast to increase by USD 17.51 billion. This network security software market report extensively covers market segmentation by component (solution and service), deployment (cloud and on-premises), and geography (North America, APAC, Europe, Middle East and Africa, and South America). The rising frequency and sophistication of cyberattacks is the key driver notably driving the growth of the global network security software market.
The virtual cards market size is expected to increase by USD 420.49 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 20.13%. Furthermore, this report extensively covers the virtual cards market segmentation by product (B2B virtual cards, B2C remote payment virtual cards, and B2C POS virtual cards) and geography (North America, Europe, APAC, South America, and the Middle East and Africa). The focus on high customer satisfaction is one of the key factors driving the global virtual card market growth.
Network interface cards market scope
Report Coverage
Details
Base year
2022
Historic period
2017-2021
Forecast period
2023-2027
Growth momentum & CAGR
Accelerate at a CAGR of 4.84%
Market growth 2023-2027
USD 2,903.19 million
Market structure
Fragmented
YoY growth 2022-2023 (%)
4.06
Regional analysis
North America, Europe, APAC, South America, and Middle East and Africa
Performing market contribution
North America at 36%
Key countries
US, China, Taiwan, Japan, and Germany
Competitive landscape
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks
Key companies profiled
Allied Telesis Holdings K.K., ASUSTeK Computer Inc., Broadcom Inc., Buffalo EU BV, Chelsio Communications, Cisco Systems Inc., D Link Corp., Dialog Semiconductor PLC, Huawei Technologies Co. Ltd., Juniper Networks Inc., Molex LLC, NVIDIA Corp., Opto 22, RAD Data Communications Ltd., Sierra Wireless Inc., StarTech.com Ltd., Taiwan Commate Computer Inc., TRENDnet Inc., Unizyx Holding Corp., and Telefonaktiebolaget LM Ericsson
Market dynamics
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period.
Customization purview
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.
Table of Contents
1 Executive Summary
1.1 Market overview
Exhibit 01: Executive Summary ? Chart on Market Overview
Exhibit 02: Executive Summary ? Data Table on Market Overview
Exhibit 03: Executive Summary ? Chart on Global Market Characteristics
Exhibit 04: Executive Summary ? Chart on Market by Geography
Exhibit 05: Executive Summary ? Chart on Market Segmentation by Type
Exhibit 06: Executive Summary ? Chart on Market Segmentation by Application
Exhibit 07: Executive Summary ? Chart on Incremental Growth
Exhibit 08: Executive Summary ? Data Table on Incremental Growth
Exhibit 09: Executive Summary ? Chart on Vendor Market Positioning
2 Market Landscape
2.1 Market ecosystem
Exhibit 10: Parent market
Exhibit 11: Market Characteristics
3 Market Sizing
3.1 Market definition
Exhibit 12: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 13: Market segments
3.3 Market size 2022
3.4 Market outlook: Forecast for 2022-2027
Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)
4 Historic Market Size
4.1 Global network interface cards market 2017 - 2021
Exhibit 18: Historic Market Size ? Data Table on Global network interface cards market 2017 - 2021 ($ million)
Exhibit 152: Juniper Networks Inc. - Product / Service
Exhibit 153: Juniper Networks Inc. - Key offerings
12.12 Molex LLC
Exhibit 154: Molex LLC - Overview
Exhibit 155: Molex LLC - Product / Service
Exhibit 156: Molex LLC - Key offerings
12.13 NVIDIA Corp.
Exhibit 157: NVIDIA Corp. - Overview
Exhibit 158: NVIDIA Corp. - Business segments
Exhibit 159: NVIDIA Corp. - Key news
Exhibit 160: NVIDIA Corp. - Key offerings
Exhibit 161: NVIDIA Corp. - Segment focus
12.14 Opto 22
Exhibit 162: Opto 22 - Overview
Exhibit 163: Opto 22 - Product / Service
Exhibit 164: Opto 22 - Key offerings
12.15 StarTech.com Ltd.
Exhibit 165: StarTech.com Ltd. - Overview
Exhibit 166: StarTech.com Ltd. - Product / Service
Exhibit 167: StarTech.com Ltd. - Key offerings
12.16 Taiwan Commate Computer Inc.
Exhibit 168: Taiwan Commate Computer Inc. - Overview
Exhibit 169: Taiwan Commate Computer Inc. - Product / Service
Exhibit 170: Taiwan Commate Computer Inc. - Key offerings
12.17 Telefonaktiebolaget LM Ericsson
Exhibit 171: Telefonaktiebolaget LM Ericsson - Overview
Exhibit 172: Telefonaktiebolaget LM Ericsson - Business segments
Exhibit 173: Telefonaktiebolaget LM Ericsson - Key news
Exhibit 174: Telefonaktiebolaget LM Ericsson - Key offerings
Exhibit 175: Telefonaktiebolaget LM Ericsson - Segment focus
13 Appendix
13.1 Scope of the report
13.2 Inclusions and exclusions checklist
Exhibit 176: Inclusions checklist
Exhibit 177: Exclusions checklist
13.3 Currency conversion rates for US$
Exhibit 178: Currency conversion rates for US$
13.4 Research methodology
Exhibit 179: Research methodology
Exhibit 180: Validation techniques employed for market sizing
Exhibit 181: Information sources
13.5 List of abbreviations
Exhibit 182: List of abbreviations
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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