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Non-Volatile Memory Express Market Size, Outlook, Prominent Players, Growth, Leading Players And Forecast 2032
Non-Volatile Memory Express
The Business Research Company's Non-Volatile Memory Express Global Market Report 2023 identifies increased adoption as the major driver for the Non-Volatile Memory Express market's growth in the forecast period. Cloud hosting allows applications and websites to access cloud resources. Unlike traditional hosting, solutions are not deployed on a single server. The increased adoption of cloud-hosting services is expected to boost demand for NVMe, as they play crucial role in increasing the performance and intereoperability if various enterprise-level services.
The global non-volatile memory express (NVMe) market size grew from $49.96 billion in 2022 to $67.32 billion in 2023 at a compound annual growth rate (CAGR) of 34.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The market size non-volatile memory express (NVMe) market is expected to grow to $205.76 billion in 2027 at a CAGR of 32.2%.
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Major competitors in the Non-Volatile Memory Express market Samsung Electronics Co Ltd., Western Digital Corporation, Intel Corporation, Dell EMC, Hewlett Packard Enterprise, Broadcom, Cisco
A key trend in the Non-Volatile Memory Express market includes Technological developments. Major companies operating in non-volatile memory express (NVMe) are developing new products or technologies to strengthen their position in the market. For instance, in March 2020, Kingston Digital, a US-based computer technology corporation that develops, manufactures, sells, and supports flash memory products and other computer-related memory products, launched the NV1 NVMe PCIe SSD, an entry-level NVMe SSD. Due to its M.2 form factor, it is suitable for thin laptops. According to Kingston Digital company, The M.2 NVMe SSD is three times faster than SATA-based SSDs.
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The Non-Volatile Memory Express market is segmented -
• By Product: Solid-state Drives (SSDs), Adapters, All-flash Arrays, Servers, Other Products
• By Communication Standard: Ethernet, Fibre Channel, InfiniBand
• By Vertical: Banking, Financial Services, and Insurance (BFSI), Consumer Goods & Retail, Telecommunications & Information Technology enabled Services (ITeS), Healthcare, Energy, Government, Education & Research, Media & Entertainment, Manufacturing, Other Verticals
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Non-Volatile Memory Express market.
The Business Research Company's "Global Non-Volatile Memory Express Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Non-Volatile Memory Express Market Include:
1. Executive Summary
2. Non-Volatile Memory Express (NVMe) Market Characteristics
3. Non-Volatile Memory Express (NVMe) Market Trends And Strategies
4. Non-Volatile Memory Express (NVMe) Market - Macro Economic Scenario
5. Non-Volatile Memory Express (NVMe) Market Size And Growth
..............................
26. Africa Non-Volatile Memory Express (NVMe) Market
27. Non-Volatile Memory Express (NVMe) Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Non-Volatile Memory Express (NVMe) Market
29. Non-Volatile Memory Express (NVMe) Market Future Outlook and Potential Analysis
30. Appendix
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