Global Non-Volatile Memory Express (NVMe) Market Size will be w

  • Low latency, high bandwidth, and low power consumption of NVMe are some major factors driving NVMe adoption and in turn supporting market revenue growth.

    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.

    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. The report further offers an extensive overview of the market, along with an in-depth summary of the market’s leading players. The report ends with a conclusive data offering accurate insights into the growth of the market on both the regional and global scales.

    The research report draws focus on the impact of the COVID-19 pandemic on the market and its crucial segments. It offers insights into the effects of the pandemic on the global economic scenario and business sphere.

    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.

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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 study offers the readers an extensive coverage of the market scenario, including in-depth analysis of the key aspects such as drivers, restraints, limitations, growth prospects, macro- and micro-economic factors, and other key elements that are likely to influence the growth of the industry.

    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
    • 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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