Non-Volatile Memory Express Market 2023 Driving Factors Forecast Research 2029

The global non-volatile memory express market is anticipated to grow at a significant CAGR during the forecast period. The major factor for the growth of the market is the increasing adoption of NVMe in various hardware components such as SSDs, servers, and storage applications. NVMe SSDs hold the largest share in the market owing to the various benefits that they provide over the traditional hard disk drives (HDDs) which include faster read and write operations, reduced latency, better data storage and processing operations. As a result, it is expected that NVMe will continue to lead the market during the forecast period.

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With the increasing adoption of hybrid deployments, many businesses and organizations are implementing hybrid NVMe servers and storage solutions which allow companies to keep their capital expenditure less and NVMe also makes disaster recovery management easier. With the increasing number of data, the need for storage devices is increasing and they are becoming increasingly connected. Many companies are focusing and investing heavily in R&D. In 2018, Intel invested $13.5 billion in R&D to build new products and get an edge over competitors. In February 2018, the company launched Intel SSD DC P4510 Series and P4511 Series to cater to data centers across the globe.

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• Market Coverage
• Market number available for - 2023-2029
• Base year- 2022
• Forecast period- 2023-2029
• Segment Covered- By Source, By Product Type, By Applications
• Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
• Inc., and others

Global Non-Volatile Memory Express (NVMe) Market Report Segment by Region
North America
• United States
• Canada
Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
Asia-Pacific
• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific
Rest of the World
• Latin America
• Middle East & Africa

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