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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. Sample figures with some insights are shown below.
Smart NIC by Segment
The study includes a forecast for the global smart NIC by type, application, and region.
Smart NIC Market by Type [Shipment Analysis by Value from 2018 to 2030]:
• Field Programmable Gate Arrays-Based
• Application-Specific Integrated Circuit-Based
• System on a Chip-Based
Smart NIC Market by Application [Shipment Analysis by Value from 2018 to 2030]:
• Data Center
• Telecom
• Others
Smart NIC Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
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-
• Marvell Technology
• AMD
• NVIDIA
• Intel
• Napatech
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:
• Marvell Technology
• AMD
• NVIDIA
• Intel
• Napatech
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.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the smart NIC market by type (field programmable gate arrays-based, application-specific integrated circuit-based, and system on a chip-based), application (data center, telecom, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Smart Nic Market, Smart Nic Market Size, Smart Nic Market Growth, Smart Nic Market Analysis, Smart Nic Market Report, Smart Nic Market Share, Smart Nic Market Trends, Smart Nic Market Forecast, Smart Nic Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.
Table of Contents
1. Executive Summary
2. Global Smart NIC Market : Market Dynamics
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges
3. Market Trends and Forecast Analysis from 2018 to 2030
3.1. Macroeconomic Trends (2018-2023) and Forecast (2024-2030)
3.2. Global Smart NIC Market Trends (2018-2023) and Forecast (2024-2030)
3.3: Global Smart NIC Market by Type
3.3.1: Field Programmable Gate Arrays-Based
3.3.2: Application-Specific Integrated Circuit-Based
3.3.3: System on a Chip-Based
3.4: Global Smart NIC Market by Application
3.4.1: Data Center
3.4.2: Telecom
3.4.3: Others
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
4.1: Global Smart NIC Market by Region
4.2: North American Smart NIC Market
4.2.2: North American Smart NIC Market by Application: Data Center, Telecom, and Others
4.3: European Smart NIC Market
4.3.1: European Smart NIC Market by Type: Field Programmable Gate Arrays-Based, Application-Specific Integrated Circuit-Based, and System on a Chip-Based
4.3.2: European Smart NIC Market by Application: Data Center, Telecom, and Others
4.4: APAC Smart NIC Market
4.4.1: APAC Smart NIC Market by Type: Field Programmable Gate Arrays-Based, Application-Specific Integrated Circuit-Based, and System on a Chip-Based
4.4.2: APAC Smart NIC Market by Application: Data Center, Telecom, and Others
4.5: ROW Smart NIC Market
4.5.1: ROW Smart NIC Market by Type: Field Programmable Gate Arrays-Based, Application-Specific Integrated Circuit-Based, and System on a Chip-Based
4.5.2: ROW Smart NIC Market by Application: Data Center, Telecom, and Others
5. Competitor Analysis
5.1: Product Portfolio Analysis
5.2: Operational Integration
5.3: Porter’s Five Forces Analysis
6. Growth Opportunities and Strategic Analysis
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for the Global Smart NIC Market by Type
6.1.2: Growth Opportunities for the Global Smart NIC Market by Application
6.1.3: Growth Opportunities for the Global Smart NIC Market by Region
6.2: Emerging Trends in the Global Smart NIC Market
6.3: Strategic Analysis
6.3.1: New Product Development
6.3.2: Capacity Expansion of the Global Smart NIC Market
6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global Smart NIC Market
6.3.4: Certification and Licensing
7. Company Profiles of Leading Players
7.1: Marvell Technology
7.2: AMD
7.3: NVIDIA
7.4: Intel
7.5: Napatech
.
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Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
In-depth interviews of the major players in this market
Detailed secondary research from competitors’ financial statements and published data
Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process.
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