Smart NIC Market to Exceed $5 Billion by 2028, According to Dell'Oro Group
Accelerated Computing Will Demand Server Connectivity of 400 Gbps and Higher Speeds
REDWOOD CITY, Calif., Feb. 1, 2024 /PRNewswire/ -- According to a recently published report from Dell'Oro Group, the trusted source for market information about the telecommunications, networks, and data center industries, we predict the Smart NIC market to exceed $5 billion by 2028. Accelerated computing will continue to push the boundaries in server connectivity, demanding port speeds of 400 Gbps and higher speeds.
"The Ethernet Adapter market is poised for a compound annual growth rate of 13 percent, fueled by the increasing adoption of higher-speed ports and Smart NICs within data center infrastructures," said Baron Fung, Senior Research Director at Dell'Oro Group. "The hyperscale cloud service providers will drive rapid development in server connectivity, including increasing the adoption of customized Smart NICs and DPUs, and server port speeds reaching 800 Gbps in the next several years for accelerated computing. The rest of the market, whch lags the hyperscale market in the deployment of these technologies, will still be an attractive market for the open vendors offering off the shelf solutions," added Fung.
Additional highlights from the January 2024 Ethernet Adapter and Smart NIC 5-Year forecast report include:
About the Report
About Dell'Oro Group
View original content to download multimedia:https://www.prnewswire.com/news-releases/smart-nic-market-to-exceed-5-billion-by-2028-according-to-delloro-group-302050315.html
SOURCE Dell'Oro Group