PUBLISHER: Lucintel | PRODUCT CODE: 1418277
PUBLISHER: Lucintel | PRODUCT CODE: 1418277
Smart NIC Trends and Forecast
The future of the global smart NIC market looks promising with opportunities in the data center and telecom markets. The global smart NIC market is expected to reach an estimated $1.6 billion by 2030 with a CAGR of 12.5% from 2024 to 2030. The major drivers for this market are increasing volume and complexity of data traffic, growing adoption of cloud computing, and rising demand for network security.
A more than 150-page report is developed to help in your business decisions.
Smart NIC by Segment
The study includes a forecast for the global smart NIC by type, application, and region.
List of Smart NIC Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies smart NIC companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the smart NIC companies profiled in this report include-
Smart NIC Market Insights
Lucintel forecasts that application-specific integrated circuit-based is expected to witness the highest growth over the forecast period as it ensures higher performance, lower power consumption, and smaller size.
Within this market, data center is expected to witness the highest growth due to modernization of data centers applications and growing demand of high-speed networking.
APAC is expected to witness highest growth over the forecast period due to increasing internet penetration, growing number of data centers, and rapid deployment of 5G network in the region.
Features of the Global Smart NIC Market
Market Size Estimates: Smart NIC market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Smart NIC market size by type, application, and region in terms of value ($B).
Regional Analysis: Smart NIC market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different types, applications, and regions for the smart NIC market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the smart NIC market.
Analysis of competitive intensity of the industry based on Porter's Five Forces model.
FAQ
Q1. What is the smart NIC market size?
Answer: The global smart NIC market is expected to reach an estimated $1.6 billion by 2030.
Q2. What is the growth forecast for smart NIC market?
Answer: The global smart NIC market is expected to grow with a CAGR of 12.5% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the smart NIC market?
Answer: The major drivers for this market are increasing volume and complexity of data traffic, growing adoption of cloud computing, and rising demand for network security.
Q4. What are the major segments for smart NIC market?
Answer: The future of the smart NIC market looks promising with opportunities in the data center and telecom markets.
Q5. Who are the key smart NIC market companies?
Answer: Some of the key smart NIC companies are as follows.
Q6. Which smart NIC market segment will be the largest in future?
Answer: Lucintel forecasts that application-specific integrated circuit-based is expected to witness the highest growth over the forecast period as it ensures higher performance, lower power consumption, and smaller size.
Q7. In smart NIC market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness highest growth over the forecast period due to increasing internet penetration, growing number of data centers, and rapid deployment of 5G network in the region.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.