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Non-Volatile Memory Express (NVMe) Global Market Report 2025: Exponential Growth, Key Drivers and Emerging Trends
Non-Volatile Memory Express (NVMe) Global Market Report
What Is The Projected Market Size Of The Global Non-Volatile Memory Express (NVMe) Global Market Report 2025 And Its Growth Rate?
A surge in the Non-Volatile Memory Express (NVMe) market size has been observed and is projected to grow even further.
• Fright from $87.99 billion in 2024 to $116.24 billion in 2025, the NVMe market is set to show a Compound Annual Growth Rate (CAGR) of 32.1%.
• The exponential growth in the historic period is credited to the rise in data volumes, increased data center adoption, improvements in energy efficiency, healthcare sector growth, and emerging market expansion.
• In the coming years, the NVMe market size is anticipated to see substantial growth, reaching a staggering $328.69 billion in 2029 at a CAGR of 29.7%. This projected growth can be pegged to expanding IT infrastructure, digitization surge, growing gaming sector, and increase in disposable income.
What Is Driving The Growth In The Non-Volatile Memory Express (NVMe) Global Market Report 2025?
The surge in the adoption of cloud-hosting services is a crucial factor propelling the growth of the non-volatile memory express (NVMe) market. These services allow multiple applications and websites to have cloud resource access, compared to conventional hosting methods that deploy on a single server. The industry consulting firm Gartner Inc., predicts that by 2024, cloud services will replace conventional solutions, accounting for more than 45% of IT spending covering system infrastructure, infrastructure software, application software, and business process outsourcing. As NVMe plays a critical role in enhancing the performance and interoperability of various enterprise-level services, the demand for such services is expected to augment significantly, contributing to the NVMe market's growth.
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Who Are the Key Players Driving Non-Volatile Memory Express (NVMe) Global Market Report 2025 Growth?
• Intel Corporation
• Toshiba Corporation
• Samsung Electronics Co. Ltd
• Adesto Technologies Corporation
• Viking Technology
• Crossbar Inc
• Kilopass Technology Inc
• Sidense Corporation
• Sandisk Corporation
• Micron Technology Inc
• Honeywell Corporation
• STMicroelectronics NV
• Avalanche Technology's
• Cypress Semiconductor Corporation
• Everspin Technologies Inc
• Western Digital Technologies Inc
• KIOXIA Holdings Corporation
• SK hynix Inc
• Microchip Technology Inc
• ROHM Co. Ltd
• Renesas Electronics Corporation
• Infineon Technologies AG
• Nantero Inc
• Winbond Electronics Corporation
• Pure Storage Inc
What Are The Key Trends In The Non-Volatile Memory Express (NVMe) Global Market Report 2025?
Anticipated trends in the forecast period include:
• Integration of edge computing
• Emergence of NVMe over fabrics (NVMe-oF)
• Acceleration of AI and machine learning
• Security enhancements
• Increased customization and integration
What Are The Segments Of The Global Non-Volatile Memory Express (NVMe) Global Market Report 2025?
• Solid-state Drives (SSDs)
• Adapters
• All-flash Arrays
• Servers
• Other Products
• Ethernet (Communication Standard)
• Fiber Channel (Communication Standard)
• InfiniBand (Communication Standard)
• Banking, Financial Services, and Insurance (BFSI) (Vertical)
• Consumer Goods & Retail (Vertical)
• Telecommunications & Information Technology enabled Services (ITeS) (Vertical)
• Healthcare (Vertical)
• Energy (Vertical)
• Government (Vertical)
• Education & Research (Vertical)
• Media & Entertainment (Vertical)
• Manufacturing (Vertical)
• Other Verticals
Which Region Leads The Non-Volatile Memory Express (NVMe) Global Market Report 2025?
North America was the leading region in the non-volatile memory express (NVMe) market in 2024. During the forecast period, Asia-Pacific is expected to emerge as the fastest-growing region. The market report also covers regions like Western Europe, Eastern Europe, South America, Middle East, and Africa.
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What Is Covered In The Non-Volatile Memory Express (NVMe) Global Market Report 2025 Global Market Report?
- Market Size Analysis: Analyze the Non-Volatile Memory Express (NVMe) Global Market Report 2025 size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Non-Volatile Memory Express (NVMe) Global Market Report 2025 for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Non-Volatile Memory Express (NVMe) Global Market Report 2025 growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Non-Volatile Memory Express (NVMe) Global Market Report 2025.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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