Ethernet Card Market Poised For Strong Growth Accelerated By Increasing Adoption Of Iot Devices

https://www.coherentmarketinsights.com/market-insight/ethernet-card-market-6071
Ethernet Card Market 


Ethernet cards help connect computers to Ethernet-based local area networks (LANs). They allow fast data transfer and sharing of resources between multiple devices.

The global Ethernet Card Market is estimated to be valued at US$ 6.25 billion  in 2023 and is expected to exhibit a CAGR of 7.5%  over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market key trends

The growth of the Ethernet card market is accelerated by increasing adoption of IoT devices across various industries. IoT connections are expected to grow exponentially over the coming years as more devices get connected to the internet. Since Ethernet is a widely used networking technology for connecting IoT devices, the increasing deployment of IoT solutions will drive the demand for Ethernet cards. Manufacturers are developing upgraded Ethernet cards with enhanced capabilities such as higher bandwidth and faster speed to support newer applications developing as a result of evolving IoT technologies. Advancements in Ethernet card technologies are improving user experience and expanding their applications, thereby supporting the market growth over the forecast period.

Segment Analysis

The Ethernet Card market is segmented based on type into Single Port Ethernet Cards and Dual Port Ethernet Cards. The Dual Port Ethernet Cards segment dominates the market and accounted for more than 60% share in 2023. Dual port ethernet cards allow users to connect two Ethernet cables to one port which provides network redundancy and failover support. This makes them a preferred choice for industries requiring higher reliability such as banking and healthcare.

Key Takeaways
The global Ethernet Card Market Demand is expected to witness high growth over the forecast period 2023 to 2030. The market is expected to reach a size of US$ 12.50 Bn by 2030, expanding at a compound annual growth rate of 7.5% during this period.

Regional analysis: North America dominates the global Ethernet Card market and accounted for over 35% market share in 2023. Rapid infrastructure development and increasing adoption of Ethernet technologies across industries for network upgrades is driving the demand in this region. Asia Pacific is expected to be the fastest growing region during the forecast period. Countries such as China, India and Japan are witnessing increased penetration of Ethernet networks and rising demand for high-speed connectivity solutions.

Key players: Key players operating in the Ethernet Card market include Regeneron Pharmaceuticals, Inc., Eli Lilly and Company, AstraZeneca PLC, GlaxoSmithKline plc, Sanofi SA, Roche Holding AG, Novartis AG, Merck & Co.Inc., Pfizer Inc., Johnson & Johnson, Takeda Pharmaceutical Company Limited, Moderna, Inc., BioNTech SE, CSL Limited and Sinovac Biotech Ltd. Regeneron Pharmaceuticals, Inc. maintains its leadership position with high market share through continuous innovation and new product launches.

Get More Insights On This Topic: https://www.newsanalyticspro.com/reliable-ethernet-networks-drive-uptake-of-ethernet-cards/

 

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