The report talks about the shift in demands and emerging trends that are expected to drive the growth of the Non-Volatile Memory Express Market. The rising demand for the Non-Volatile Memory Express Market is expected to drive the demand for Non-Volatile Memory Express , thereby bolstering the growth of the industry. Moreover, the report also studies the impact of the COVID-19 pandemic on the market.
The global Non-Volatile Memory Express (NVMe) market size is expected to reach USD 353.78 Billion at a steady CAGR of 29.5% in 2028, according to latest analysis by Emergen Research. Growth of NVMe market can be attributed to the rising demand for SSD amongst various consumers across the globe. NVMe supports low latency and operational performance in different applications, which is boost deployment, and in turn driving market revenue growth. Surge in digitalization and rising need to manage and store data efficiently are other factors supporting growth of the market. NVMe facilitates efficient and quick access to SSDs and has evolved as a preferred interface for storage amongst enterprises. Increase in volumes of data generated and need for more efficient storage systems is another factor driving growth of NVMe market. Increased adoption of NVMe in data centers is also fueling growth of the market.
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The complete regional analysis covers:
- North America (U.S., Canada, Mexico)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Competitive Landscape:
The latest report encases an in-depth summary of the intensely competitive landscape of the global Non-Volatile Memory Express (NVMe) Systems market, with systematic profiling of the companies operating across this industry. In this section of the report, experts have listed down the strategic initiatives undertaken by these market rivals for proposed business expansion. Additionally, it highlights the key developments and financial positions of these companies to explain the overall market scenario. The company profiles of the established and new players have also been assessed in the report through effective analytical tools like SWOT analysis.
Key players in the market include Micron Technology, Samsung Electronics, Hewlett Packard Enterprise (HPE), Intel Corporation, Toshiba Corporation, Dell EMC, Microchip Technology, Cisco Systems, IBM Corporation, and Renesas Electronics.
Emergen Research has segmented the global Non-Volatile Memory Express (NVMe) market on the basis of product, communication standard, deployment location, vertical, and region:
Product Outlook (Revenue, USD Billion; 2018–2028)
- Solid-State Drives (SSDs)
- Adapters
- Servers
- All-Flash Arrays
- Adapters
- Others (I/O Accelerator Blocks, Switches, and Controllers)
Communication Standard Outlook (Revenue, USD Billion; 2018–2028)
- Ethernet
- Infiniband
- Fiber Channel
Deployment Location Outlook (Revenue, USD Billion; 2018–2028)
- On-Premises
- Remote
- Hybrid
Vertical Outlook (Revenue, USD Billion; 2018–2028)
- BFSI
- IT Telecommunication
- Government
- Healthcare
- Consumer Goods Retail
- Media Entertainment
- Education Research
- Energy
- Manufacturing
- Business Consulting
- Others
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