The Network Interface Cards Market is being driven by Increasing demand for high-speed Internet
The Network Interface Cards Market is expected to grow at a CAGR of 5.4% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 3651.1 million. The BYOD (Bring Your Own Device) trend, which allows employees to use their personal devices for work purposes, is gaining significant traction in the global Network Interface Cards (NICs) market. This trend is expected to continue its growth trajectory throughout the forecast period. With the increasing use of various devices on corporate networks, there is a pressing need for high-performance networks to ensure seamless connectivity and data transfer. Consequently, the demand for NICs, essential components of network infrastructure, is poised to increase substantially to support these advanced networking requirements.
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The market is segmented based on
According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows:
However, the market also witnesses some limitations, which are as follows:
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Market Scope |
|
Report Coverage |
Details |
Page number |
224 |
Base year |
2024 |
Historic period |
2019-2023 |
Forecast period |
2025-2029 |
Growth momentum & CAGR |
Accelerate at a CAGR of 5.4% |
Market growth 2025-2029 |
USD 3651.1 million |
Market structure |
market_structure.ucfirst |
YoY growth 2024-2025(%) |
4.8 |
Key countries |
US, China, Taiwan, Germany, UK, France, Canada, Japan, South Korea, and Italy |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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The Network Interface Cards (NIC) market caters to the computer network industry, providing both Internal NICs and External NICs for seamless data transmission. These cards enable internet connectivity, data transfer, media streaming, and support remote working culture. With increasing internet data usage and remote work culture, network security becomes crucial against data breaches and unauthorized network access. Alternative technologies like Wi-Fi and Ethernet are also impacting the market, while liquid intrusion poses a significant challenge for NIC manufacturers.
The global communications equipment market encompasses the manufacturing sector for enterprise networking solutions such as Local Area Networks (LANs), Wide Area Networks (WANs), routers, switchboards, and exchanges, as well as communications infrastructure or telecom equipment. According to Technavio, the market size is determined by the revenue generated from equipment sales, broadcasting equipment, telecommunication equipment, and telecom service providers' infrastructure investments. Notably, this figure excludes cellular phone manufacturers, categorized under the Technology Hardmane, Storage and Peripherals sub-industry. Key growth drivers for the communications equipment market include the expanding number of data centers, necessitating substantial investments in new and expanded facilities by hyperscalers.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
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