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Smart NIC Revenue Poised for 30 Percent Growth in 2023

REDWOOD CITY, Calif. –December 1, 2022 – According to a recently published report by Dell’Oro Group, the trusted source for market information about the telecommunications, security, networks, and data center industries, the Ethernet controller and adapter market surpassed $1 billion for the third consecutive quarter. The shift of product mix to higher speed ports and rising prices drove recent revenue growth.

“The Ethernet controller and adapter market achieved strong double-digit growth year-over-year in 3Q 2022,” said Baron Fung, Research Director at Dell’Oro Group. “Vendors are able to command higher prices, which contributed to topline growth. Furthermore, the supply constraints that have limited shipments in the prior quarters have been improving. However, demand is starting to soften in some sectors, with the server vendors reducing inventory levels of certain products,” added Fung.

Additional highlights from the 3Q 2022 Ethernet Adapter and Smart NIC report include:

  • The Ethernet controller and adapter market is on track for 43 percent revenue growth in 2022.
  • Ethernet controller and adapter port shipments are expected to decline in 2023 as the market undergoes digestion.
  • The Smart NIC market is poised for strong growth in 2023, with major vendors AMD, Intel, and NVIDIA in a position to capture opportunities in the Cloud and Enterprise markets.

About the Report

The Dell’Oro Group Ethernet Adapter and Smart NIC Quarterly Report provide complete, in-depth coverage of the market with tables covering manufacturers’ revenue; average selling prices; and unit and port shipments by speed (1 Gbps, 10 Gbps, 25 Gbps, 40 Gbps, 50 Gbps, 100 Gbps, and 200 Gbps) for Ethernet controllers and adapters. The report also covers Smart NIC controllers and adapters. To purchase this report, please contact us at dgsales@delloro.com.

About Dell’Oro Group

Dell’Oro Group is a market research firm that specializes in strategic competitive analysis in the telecommunications, security, enterprise networks, and data center infrastructure markets.  Our firm provides in-depth quantitative data and qualitative analysis to facilitate critical, fact-based business decisions.  For more information, contact Dell’Oro Group at +1.650.622.9400 or visit www.delloro.com.