Non-Volatile Memory Express Market Will Generate Record Revenue by 2029

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.

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

The market number available for - 2021-2029
Base year- 2021
Forecast period- 2022-2029
Segment Covered-

By Product Type
By Deployment
By Vertical
Regions Covered

North America
Europe
Asia-Pacific
Rest of the World
Competitive Landscape - Samsung Electronics Co., Ltd., Western Digital Corp., Intel Corp., Dell EMC, Hewlett Packard Enterprise (HPE).
Non-Volatile Memory Express (NVMe) Market

By Product Type

SSDs
Adapters
Servers
All-Flash Arrays
By Deployment

On-Premise
Remote
Hybrid
By Vertical

BFSI
Retail
IT & Telecom
Healthcare
Consumer Goods and Retail
Others
A full Report of Non-Volatile Memory Express Market is Available @ https://www.omrglobal.com/industry-reports/non-volatile-memory-express-market

Non-Volatile Memory Express (NVMe) Market Report Segment by Region

North America

United States
Canada
Europe

UK
Germany
Spain
France
Italy
Rest of Europe
Asia-Pacific

India
China
Japan
South Korea
Rest of APAC
Rest of the World

Latin America
Middle East and Africa
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Over 100+ paid data sources mined for investigation.
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