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The network interface cards (NIC) market size is estimated to grow at a CAGR of 5.25% between 2023 and 2028. The market size is forecast to increase by USD 3.37 billion. The growth of the market depends on several factors, including Increasing demand for high-speed Internet, growing adoption of virtualization technologies, and growing need for data centers. A network interface card (NIC) is a hardware component that allows a computer to connect to a network. It is a circuit board installed in a computer that provides the computer with a dedicated network connection. It is sometimes referred to as a network interface controller, a network adapter, or a LAN adapter.
The research report of the Network Interface Cards Market offers industry forecasts and segmentation based on Type including ethernet interface card and token ring interface card. It also segments the market by Application, which comprises PCs, portable PCs, switches, and modems. Geographically, the report covers North America, Europe, APAC, South America, and Middle East and Africa. The market size, historical data (2018-2022), and future forecasts are presented in terms of value (in USD billion) for all these mentioned segments.
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Increasing demand for high-speed internet is notably driving the network interface cards market growth. The rise of digital technology and IoT has significantly increased the demand for high-speed internet connectivity. Most businesses and individuals today need a stable and fast internet connection to conduct their day-to-day activities. This has increased the demand for advanced network interface cards (NICs) that can provide faster data transfer speeds.
Furthermore, the rise of cloud computing is also contributing to the growth of the market. Cloud computing allows businesses to store and access data and applications over the Internet. This has created the need for high-speed network connections to ensure fast and reliable data transfer between cloud servers and end-user devices. Hence, increasing demand for high-speed internet will drive the growth of the market during the forecast period.
The emergence of bring-your-own-device is a key trend influencing the network interface cards market growth. BYOD is increasing 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 trend is expected to become even more popular during the forecast period. Therefore, the growth of the BYOD industry will drive the growth of the market during the forecast period.
Furthermore, BYOD leads to the adoption of cloud-based services that require fast and reliable network connectivity. Cloud services make it easier for employees to work remotely by allowing users to access data and applications from any location or device. This will drive demand for high-performance NICs that can support the bandwidth requirements of cloud computing. Therefore, the growth of BYOD will have a positive impact on the growth of the global NIC market during the forecast period.
The security concerns associated with network interface cards are challenging the network interface cards market growth. One of the biggest challenges facing the market is the issue of security. With 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 are now looking for network interface cards with robust security features to protect data and ensure its integrity. Security issues related to network interface cards include malware attacks, impersonation, data interception, etc. Therefore, such security concerns related to network interface cards will adversely affect the growth of the market during the forecast period.
The ethernet interface card segment will be significant during the forecast period. Ethernet interface cards are widely used in corporate and home networks. They are essential for accessing shared resources, communicating with other devices, and connecting to the Internet. Ethernet interface cards are also used in cloud computing environments to provide network connectivity to virtual machines. In summary, an Ethernet interface card is a key component that allows devices to connect and communicate with a LAN.
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The ethernet interface card segment was valued at USD 5.56 billion in 2018. An Ethernet interface card is a hardware component that allows a computer or other device to connect to a local area network (LAN) using the Ethernet protocol. An Ethernet interface card is usually installed in a computer by plugging it into an expansion slot on the motherboard. Ethernet interface cards have a wide variety of uses and applications and are an essential component in building and maintaining modern computer networks. Therefore, increasing demand for Ethernet interface cards in enterprises will boost the growth of the network interface cards market during the forecast period.
In PCs, NICs play an important role in creating and maintaining a network connection between multiple computers, devices, and servers. NICs can be installed inside a computer, with most common types using a PCI or PCIe interface, or can be connected externally via USB or ethernet ports. NICs offer various benefits to PCs, including Network connectivity, improved network performance, security, and scalability. Thus, due to such benefits, NICs are increasingly adopted in PCs, which will boost the growth of the global network interface cards market through the PCs segment during the forecast period.
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North America is estimated to contribute 36% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. The network interface cards (NIC) market in North America is expected to grow significantly during the forecast period, owing to increasing demand for high-speed internet connectivity and the popularization of cloud computing and virtualization technologies. The US, Canada, and Mexico are contributing significantly to the growth of the market in the region.
In addition, a high-speed Internet connection is required for cloud computing and virtualization technologies to work effectively. As these technologies become more popular in North America, the demand for NICs that support high data transfer speeds is expected to grow significantly. The growing popularity of online gaming and streaming services has increased demand for high-speed Internet connections and network interface cards capable of handling large data transfers. Hence, such factors are expected to drive the network interface cards market growth in this region during the forecast period.
The Network Interface Cards Market report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Global Network Interface Cards Market Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
The research report also includes detailed analyses of the competitive landscape of the market and information about 20 market companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The network interface cards market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2018-2028
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Network Interface Cards Market Scope |
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Report Coverage |
Details |
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Page number |
170 |
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Base year |
2023 |
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Historic period |
2018-2022 |
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Forecast period |
2024-2028 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 5.25% |
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Market Growth 2024-2028 |
USD 3.37 billion |
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Market structure |
Fragmented |
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YoY growth 2023-2024(%) |
4.42 |
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Regional analysis |
North America, Europe, APAC, South America, and Middle East and Africa |
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Performing market contribution |
North America at 36% |
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Key countries |
US, China, Taiwan, Japan, and Germany |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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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., Telefonaktiebolaget LM Ericsson, TRENDnet Inc., and Zyxel Communications Corp. |
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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 the forecast period. |
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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. |
We can help! Our analysts can customize this market research report to meet your requirements.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Type
7 Market Segmentation by Application
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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