Non-Volatile Memory Express (NVMe) Market Share, Size, Growth A

  • According to Emergen Research, 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.

    The Global Non-Volatile Memory Express (NVMe) Industry report assesses the market size, share, revenue, and sales and distribution in the historical years (2017-2018) to offer an accurate forecast estimation for the same during the period of 2020-2027. Furthermore, it studies the existing competitive landscape with a focus on leading companies and their expansion strategies to project their growth and expansion in the forecast period.

    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.

    The report evaluates the key market influencing factors and considers the COVID-19 pandemic as one of the contributing elements. The market has been substantially affected by the pandemic, and changes can be seen in the market dynamics and demand trends. Financial difficulties brought by the pandemic have slowed down the progression of the businesses, and disruptions in the supply chains have been seen.

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    Increasing adoption of NVMe in Internet of Things (IoT), big data, blockchain, and Artificial Intelligence (AI) is opening up major growth opportunities for various players operating in the market. However, performance-related issues associated with storage software is a key factor restricting adoption, and in turn, expected to hamper market growth to a certain extent over the forecast period.

    The study offers key insights into the strengths and weaknesses of the prominent players through an extensive SWOT analysis and Porter’s Five Forces analysis. The report also covers the segmentation of the market based on product types, application spectrum, and key regions.

    The investigative study assesses the global Non-Volatile Memory Express (NVMe) market with regards to market size, market share, and revenue. Furthermore, the report also assesses the market based on market reach and consumer base in the key geographical regions of the world.

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    The report offers an industry-wide and economy-wide analysis of the market along with supply and demand dynamics, sales, and production and manufacturing capacity. It also reviews the rate of production and consumption, sales network and distribution channel, pricing analysis, profit margins, cost and demand volatility, import/export, gross revenue, among others.

    Asia Pacific market revenue is expected to register a rapid growth rate during the forecast period due to increase in number of Internet users in countries in the region. Surge in demand for connected devices such as tablets, smartphones, and laptops is expected to continue to propel growth of the market in the region. Increasing demand for data storage solutions across large as well as small & medium sized enterprises will continue to drive growth of the Asia Pacific NVMe market to a significant extent going ahead.

    The global Non-Volatile Memory Express (NVMe) market has been categorized on the basis of key geographical regions into North America, Asia Pacific, Europe, Latin America, and Middle East & Africa. It evaluates the presence of the global Non-Volatile Memory Express (NVMe) market in the major regions with regards to market share, market size, revenue contribution, sales network and distribution channel, and other key elements.

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    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

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