Global Non-Volatile Memory Express Market, By Component (Hardware, Software and Services), Communication Standard (Ethernet, Fiber Channel and Infiniband Network), Deployment Location (On-Premise, Public Cloud, Private Cloud and Co-Lo Data Centers), Application (OLTP, OLAP, Cloud Services, Caching, Primary Storage and Data Virtualization, Others), End User (Hyperscale, Cloud Service Providers and Enterprises/Traditional On-Premises Data Centers), Industry Vertical (IT and Telecommunications, BFSI, E-Commerce and Others) and Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
The non-volatile memory express market is expected to witness market growth at a rate of 27.85% in the forecast period of 2021 to 2028. Data Bridge Market Research report on non-volatile memory express market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The rise in the demand for solid-state drive (SSD) amongst various consumers around the globe is escalating the growth of non-volatile memory express market.
Non-volatile memory express (NVMe) can also be referred to as non-volatile memory host controller interface (NVMHCI). Non-volatile memory express (NVMe) is known to be a device interface design which allows a solid-state drive (SSD) to efficiently use a high-speed peripheral element interconnect express (PCIe) bus in a computer.
Major factors that are expected to boost the growth of the non-volatile memory express market in the forecast period are the rise in the acceptance of NVMe technologies in the solid-state drive (SSD), servers, and storage appliances. Furthermore, the exponential increase in the data Generation and the surging demand for the data storage and processing infrastructure is further anticipated to propel the growth of the non-volatile memory express market. Moreover, the substantial amount of performance developments offered by the NVMe is further estimated to cushion the growth of the non-volatile memory express market. On the other hand, the performance difficulties regarding the storage software is further projected to impede the growth of the non-volatile memory express market in the timeline period.
In addition, the rise in the acceptance of NVMe for big data, IoT, artificial intelligence, and blockchain and the end-to-end NVMe over fabrics (NVMe-Of) will further provide potential opportunities for the growth of the non-volatile memory express market in the coming years. However, the concerning issues regarding the data integrity and data protection might further challenge the growth of the non-volatile memory express market in the near future.
This non-volatile memory express market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on non-volatile memory express market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Non-volatile Memory Express Market Scope and Market Size
The non-volatile memory express market is segmented on the basis of component, communication, deployment location, application, end user and industry vertical. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of component, the non-volatile memory express market has been segmented into hardware, software and services. Hardware is further sub segmented into solid state drives (SSDs) and add in card (AIC), QAT, storage server, NVMeoF Cards, PCIe connections and others.
- On the basis of communication standard, the non-volatile memory express market has been segmented into ethernet, fiber channel and infiniband network.
- On the basis of deployment location, the non-volatile memory express market has been segmented into on-premise, public cloud, private cloud and co-lo data centers.
- On the basis of application, the non-volatile memory express market has been segmented into OLTP, OLAP, cloud services, caching, primary storage, data virtualization and others.
- On the basis of end user, the non-volatile memory express market has been segmented into hyperscale, cloud service providers and enterprises/traditional on-premises data centers.
- On the basis of industry vertical, the non-volatile memory express market has been segmented into IT and telecommunications, BFSI, E-commerce and others.
Non-volatile Memory Express Market Country Level Analysis
The non-volatile memory express market is analysed and market size, volume information is provided by country, component, communication, deployment location, application, end user and industry vertical as referenced above.
The countries covered in the non-volatile memory express market report are the U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
North America dominates the non-volatile memory express market due to the early acceptance of advanced data storage technologies. Furthermore, the rise in the industry being digitized and demands advanced data storage solutions will further boost the growth non-volatile memory express market in the region during the forecast period. Europe is projected to observe significant amount of growth in the non-volatile memory express market due to the dynamics of computing have changed for the developers of notebooks, tablets, and laptops. Moreover, the emphasis on saving the time of consumers by speeding up data transfer is further anticipated to propel the growth non-volatile memory express market in the region in the coming years.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Non-volatile Memory Express Market Share Analysis
The non-volatile memory express market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to non-volatile memory express market.
The major players covered in the non-volatile memory express market report are Broadcom., Cisco Systems, Inc., Dell, IBM, Lenovo, Intel Corporation, Marvell, Micron Technology, Inc., Microsemi, Pure Storage, Inc., NetApp, Inc., Oracle, SAMSUNG, Toshiba Corporation, Western Digital Corporation, Excelero, Kingston Technology Europe Co LLP among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Customization Available : Global Non-volatile Memory Express Market
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