The global Non-Volatile Memory Express (NVMe) market size is expected to reach USD 353.78 Billion at a steady CAGR of 29.5% in 2028, according to latest analysis by Emergen Research. Growth of NVMe market can be attributed to the rising demand for SSD amongst various consumers across the globe. NVMe supports low latency and operational performance in different applications, which is boost deployment, and in turn driving market revenue growth. Surge in digitalization and rising need to manage and store data efficiently are other factors supporting growth of the market. NVMe facilitates efficient and quick access to SSDs and has evolved as a preferred interface for storage amongst enterprises.
Some niche products and services believed to be revenue generators are also included in the report. Apart from this, a wide range of products from various segments and sub-segments expected to present greater opportunities in the Non-Volatile Memory Express (NVMe) industry are discussed in the document. Development of new products and substitutes that will completely transform the market dynamics over the forecast period occupies a special section in the report.
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Key companies profiled in the report include:
Micron Technology, Samsung Electronics, Hewlett Packard Enterprise (HPE), Intel Corporation, Toshiba Corporation, Dell EMC, Microchip Technology, Cisco Systems, IBM Corporation, and Renesas Electronics.
The report addresses the following key points:
- The report estimates the expected market size from 2020-2027
- The report provides a forecast of market drivers, restraints, and future opportunities for the Non-Volatile Memory Express market
- The report further analyses the changing Non-Volatile Memory Express market dynamics
- Regional analysis and segmentation of the market with analysis of the regions and segments expected to dominate the market growth
- Extensive competitive landscape mapping with profiles of the key competitors
- In-depth analysis of business strategies and collaborations such as mergers and acquisitions adopted by the key companies
- Revenue forecast, country scope, application insights, and product insights
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Emergen Research has segmented the global Non-Volatile Memory Express (NVMe) market on the basis of product, communication standard, deployment location, vertical, and region:
Product Outlook (Revenue, USD Billion; 2018–2028)
- Solid-State Drives (SSDs)
- Adapters
- Servers
- All-Flash Arrays
- Adapters
- Others (I/O Accelerator Blocks, Switches, and Controllers)
Communication Standard Outlook (Revenue, USD Billion; 2018–2028)
- Ethernet
- Infiniband
- Fiber Channel
Deployment Location Outlook (Revenue, USD Billion; 2018–2028)
- On-Premises
- Remote
- Hybrid
Vertical Outlook (Revenue, USD Billion; 2018–2028)
- BFSI
- IT & Telecommunication
- Government
- Healthcare
- Consumer Goods & Retail
- Media & Entertainment
- Education & Research
- Energy
- Manufacturing
- Business & Consulting
- Others
Non-Volatile Memory Express Market Segmentation by Regions:
- North America (U.S., Canada)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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