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Non-Volatile Memory Market Size, Latest Trends, Growth Status, Top Major Players And Forecast To 2033

Non-Volatile Memory Market Analysis

Non-Volatile Memory Market Analysis

The Business Research Company presents an extensive market research report on the "Non-Volatile Memory Global Market Report 2024" furnishing businesses with a competitive edge through a detailed examination of the market structure, encompassing estimates for various segments and sub-segments.

Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the non-volatile memory industry. This report on non-volatile memory market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.

Market Sizing:
The non-volatile memory express (nvme) market size has grown exponentially in recent years. It will grow from $67.11 billion in 2023 to $89.2 billion in 2024 at a compound annual growth rate (CAGR) of 32.9%. The growth in the historic period can be attributed to data center adoption, rise in data volumes, rise in focus on energy-efficiency, rise in healthcare and life sciences sectors, emerging market growth.

The non-volatile memory express (nvme) market size is expected to see exponential growth in the next few years. It will grow to $260.43 billion in 2028 at a compound annual growth rate (CAGR) of 30.7%. The growth in the forecast period can be attributed to expanding it infrastructure, rising digitalization, growing gaming sector, rise in disposable income. Major trends in the forecast period include edge computing integration, emergence of nvme over fabrics (nvme-of), ai and machine learning acceleration, security enhancements, customization and integration.

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Key Market Players:
Samsung Electronics Co. Ltd., Western Digital Corporation, Intel Corporation, Dell EMC, Hewlett Packard Enterprise Company, Kioxia Holdings Corporation are prominent players in the non-volatile memory industry.

Market Drivers:
According to the Non-Volatile Memory Market Report 2024 by The Business Research Company, The increased adoption of cloud-hosting services is expected to drive the non-volatile memory express (NVMe) market. 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 interoperability if various enterprise-level services. According to Gartner Inc., a US-based consulting firm, cloud services are predicted to replace conventional solutions, with more than 45% of IT spending on system infrastructure, infrastructure software, application software, and business process outsourcing by 2024. Therefore, increasing the adoption of cloud-hosting services is expected to boost demand for non-volatile memory express (NVMe) during the forecast period.

More information about the Global Non-Volatile Memory Market Report -
https://www.thebusinessresearchcompany.com/report/non-volatile-memory-global-market-report

Market segments for non-volatile memory include:
1) By Type: Flash Memory, EPROM, FRAM, 3D-X Point, NRAM, Other Types

2) By Wafer Size: 200mm, 300mm, 450mm

3) By End User: Consumer Electronics, Enterprise Storage, Automotive and Transportation, Military and Aerospace, Industrial, Telecommunication, Energy and Power, Healthcare, Agricultural, Retail

The report answers the following questions:
What are the primary factors propelling the market during the projected period?
In which region is the most substantial growth expected?
Which trend will take center stage in the upcoming period?

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