Smart NIC market to exceed $5B by 2028 – Dell'Oro

Accelerated computing will demand server connectivity of 400 Gbit/s and higher speeds. #pressrelease

February 1, 2024

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REDWOOD CITY, Calif. – 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.

Additional highlights from the January 2024 Ethernet Adapter and Smart NIC 5-Year forecast report include:

  • Total Ethernet Controller and Adapter market, not counting the AI back-end network market, is forecast to exceed $8 billion by 2028.

  • The majority of the accelerated servers will have server access speeds of 400 Gbps and higher by 2028.

  • Smart NICs are expected to cannibalize Standard NICs during our forecast period.

Read the full press release here.

Dell'Oro

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