Increasing Adoption Of Cloud-Based Solutions Driving The Growth Of The Market Due To Enhanced Scalability, Efficiency, And Centralized Management: Transformative Forces Shaping the Non-Volatile Memory Express (NVMe)-Over-Fabrics switch Market Landscape in

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What Will the Non-Volatile Memory Express (NVMe)-Over-Fabrics switch Industry Market Size Be by 2025?
In recent times, the market size for the non-volatile memory express (NVMe)-over-fabrics switch has seen substantial growth. The market, which is predicted to rise from $1.24 billion in 2024 to $1.59 billion in 2025, boasts an impressive compound annual growth rate (CAGR) of 28.1%. This considerable expansion in the past can be linked to the growing adoption of data centers, a rising demand for high-speed storage access, an influx of cloud computing workloads, enhancement of enterprise-level IT infrastructure, and an increased necessity for low-latency storage solutions.

What's the Long-Term Growth Forecast for the Non-Volatile Memory Express (NVMe)-Over-Fabrics switch Market Size Through 2029?
The market size for non-volatile memory express (NVMe) over fabric switches is on track for significant expansion in the coming years, with forecasts predicting a rise to $4.24 billion by 2029, reflecting a compound annual growth rate (CAGR) of 27.7%. This surge in growth over the forecast period could be due to a number of factors; an increasing need for AI and machine learning workloads, the escalating uptake of edge computing, heightened enterprise investments in storage virtualization, a growing requirement for scalable storage infrastructure, and a rise in the acceptance of hybrid and multi-cloud models. Looking ahead, key trends likely to influence the market include technological progress in fabric switches, fresh breakthroughs in low-latency networking, advances in storage virtualization technologies, R&D in high-speed storage protocols, and forward strides in interoperability and standardization.

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What Are the Key Growth Drivers Fueling the Non-Volatile Memory Express (NVMe)-Over-Fabrics switch Market Expansion?
The surge in the utilization of cloud-based solutions is projected to stimulate the expansion of the non-volatile memory express (NVMe)-over-fabrics switch market in the future. These solutions, based on remote servers and accessed through the internet, facilitate data storage, application running, and collaborative efforts without dependence on local hardware. The rising preference for cloud-based solutions stems from their ability to help businesses to seamlessly scale operations and manage increasing workloads without substantial outlays on physical servers or IT foundation, offering both versatility and economic value. Within cloud computing, an NVMe-over-Fabrics (NVMe-oF) switch provides ultra-speedy, low-latency access to shared NVMe storage, ensuring a scalable, effective, and interoperable framework for challenging workloads. For example, in December 2023, Eurostat, the European Union's Luxembourg-based statistical office, reported that 45.2% of EU enterprises utilized cloud computing services in 2023, marking a rise of 4.2 percentage points from 2021. As such, the escalating uptake of cloud-based solutions is fuelling the growth of the non-volatile memory express (NVMe)-over-fabrics switch market.

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What Are the Key Trends Driving Non-Volatile Memory Express (NVMe)-Over-Fabrics switch Market Growth?
Major businesses engaged in the NVMe-over-fabrics switch industry are pivoting towards the creation of novel solutions such as enterprise-grade, container-native storage software. The aim is to augment data throughput, minimize latency and improve scalability within multifaceted data center situations. Such software, designed specifically for large-scale organizations, provides a powerful storage solution that favors container-focused applications and cloud-native settings with maximum performance, reliability, and scalability. In light of this, DataCore, a notable American software-defined storage firm, inaugurated Bolt in May 2022. Bolt, a product tailored for Kubernetes environments, takes advantage of NVMe-over-Fabrics/TCP technology, facilitating rapid, restricted-latency, and highly efficient enduring block storage for stateful applications functioning on Kubernetes clusters both in the cloud and on-site. Originating from the open-source OpenEBS technology acquired from MayaData, Bolt presents a disintegrated, composable storage architecture that eradicates the intricacy and postponements habitual to conventional storage systems. Moreover, it incorporates storage management straight into Kubernetes thereby optimizing DevOps CI/CD pipelines via the automated provisioning, replication, and dynamic scaling of storage adjacent to container workloads.

How Is the Non-Volatile Memory Express (NVMe)-Over-Fabrics switch Market Segmented?
The non-volatile memory express (NVMe) over fabrics switch market covered in this report is segmented as

1) By Component: Hardware, Software, Services
2) By Fabric Type: Ethernet, Fiber Channel, InfiniBand, Other Fabric Types
3) By Application: Data Centers, Enterprise Storage, Cloud Service Providers, High-Performance Computing, Other Applications
4) By End-User: Information Technology And Telecommunications, Banking, Financial Services, And Insurance (BFSI), Healthcare, Government, Media And Entertainment, Other End-Users

Subsegments:
1) By Hardware: Switch Module, Controller Card, Interface Adapter, Network Processor
2) By Software: Management Software, Monitoring Software, Security Software, Configuration Software
3) By Services: Installation Services, Maintenance Services, Consulting Services, Training Services

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Which Companies Are Leading the Charge in Non-Volatile Memory Express (NVMe)-Over-Fabrics switch Market Innovation?
Major companies operating in the non-volatile memory express (nvme)-over-fabrics switch market are Huawei Technologies Co. Ltd., Dell Technologies Inc., International Business Machines Corporation, NVIDIA Corporation, Cisco Systems Inc., Lenovo Group Limited, Intel Corporation, Broadcom Inc., NEC Corporation, Kingston Technology Company Inc., Western Digital Corporation, Super Micro Computer Inc., Microchip Technology Incorporated, Sanmina Corporation, Marvell Technology Inc., Pure Storage Inc., Edgecore Networks Corporation, Viking Enterprise Solutions Inc., ATTO Technology Inc., NVM Express Inc., SANBlaze Technology Inc.

Which Regions Are Leading the Global Non-Volatile Memory Express (NVMe)-Over-Fabrics switch Market in Revenue?
North America was the largest region in the non-volatile memory express (NVMe)-over-fabrics switch market in 2024. The regions covered in non-volatile memory express (NVMe) over fabrics switch report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

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