SerDes Market is Expected to reach USD 2.44 Billion by 2032, a key Component for Speeding up Data…

The report of SNS Insider for SerDes Market Size was valued at USD 0.76 Billion in 2023 and predicts the market will reach USD 2.44 Billion by 2032. A huge amount of direct data transfer while simplifying and lowering the expenses related to building extensive parallel data buses. A large portion of the need for SerDes is in data centers, with the current speed capacity being 100 Gbps. With advancements in technology, there is an increasing need for higher bandwidth and better signal integrity, leading to SerDes functioning at data rates of gigabits per second and even terabits per second. Market growth is being driven by the increasing data center economy, advancements in networking technology, the rise of AI applications, increased use of cloud computing, and higher global bandwidth demands. A survey discovered that over 60% of business data is stored in cloud services.