Non-Volatile Memory Express Market Size and Trends Shows A Rapid Growth By 2028 | Broadcom, Cisco Systems, Dell, IBM, Lenovo

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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.

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.

Non-volatile Memory Express Market Scope and Market Size

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.

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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.

Leading Key Players Operating in the Non-Volatile Memory Express Market Includes:

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.

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Scope of the Study:

Non-Volatile Memory Express Market revenue forecasts across three post-COVID pandemic case scenarios, 2021- 2028
Non-Volatile Memory ExpressNon-Volatile Memory Express market size outlook by type, 2021- 2028
Non-Volatile Memory ExpressNon-Volatile Memory Express market size outlook by application segment, 2021- 2028
Non-Volatile Memory ExpressNon-Volatile Memory Express market outlook of 15 countries, 2021- 2028
Strategies, Trends, Drivers, and Risks facing Non-Volatile Memory Express companies
Company profiles of leading five players in Non-Volatile Memory Express industry
Market News and Developments

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