The new report by Expert Market Research titled, ‘Global Non-Volatile Memory Express Market Growth, Report and Forecast 2022-2027’, provides a comprehensive analysis of the global non-volatile memory express market. It assesses the market based on its segments like components, communication standards, OS, applications, and major regions.
Non-Volatile Memory Express Market Size, Trends, Industry Report, Key Player, Major Segments, and Forecast
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The key highlights of the report include:
Market Overview (2017-2027)
• Forecast CAGR (2022-2027): 26%
|Growth Rate CAGR||26%|
|Major Players||Samsung Electronics Co., Ltd., Western Digital Corporation, Intel Corporation, and Broadcom Inc., among others.|
The increasing application of non-volatile memory express in data centres to enhance the input-output operations per second (IOPS) and reduce latency is driving the market growth. Over the forecast period, the robust development of data centres is anticipated to propel the demand for the global non-volatile memory express market.
Moreover, the market is likely to be positively influenced by the rapid digitalisation in various industries, emerging uses of the Internet of things (IoT), and the increasing penetration of artificial intelligence (AI).
At a regional level, North America occupies a significant share of the overall market, as a result of the increasing investments in advanced data storage technologies by enterprises in the United States. Moreover, the technologically advanced data infrastructure in the region is further boosting the market growth.
Non-Volatile Memory Express Industry Definition and Major Segments
Non-volatile memory express (NVMe) is defined as a host controller interface that bolsters the data transfer process between an enterprise and client system. NVMe is widely used for solid-stage storage, main memory, cache memory, or back-up memory. Moreover, NVMe makes use of parallelism levels and is totally utilised by the host application and hardware.
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On the basis of component, the global non-volatile memory express market can be segmented into:
- NVMeoF Cards
- PCIe Connections
- Storage Server
The market can be broadly categorised based on its communication standard into:
• Fibre Channel
• InfiniBand Network
Based on OS, the market can be categorised into:
• Chrome OS
• DragonFly BSD
• Free BSD
• Open BSD
The significant applications of non-volatile memory express in the market:
• Primary Storage
• Cloud Services
• Data Virtualisation
The regional markets for non-volatile memory express include:
• Asia Pacific
• North America
• Latin America
• Middle East and Africa
Non-Volatile Memory Express Market Trends
The key trends in the global non-volatile memory express market include the increasing adoption of modern and high-tech devices such as smartphones, laptops, and computers, which is propelling the demand for non-volatile memory express systems.
There are surging investments in various industries such as BFSI and aerospace and defence, among others, to expand the storage efficiency, bolster the management, and facilitate better access to data. These investments are anticipated to be crucial trends accelerating the market growth. Moreover, the changing preference of data centres from SATA and SAS to NVMe, owing to its higher bandwidth, is likely to spearhead the market growth in the forecast period.
Key Market Players
The major players in the global non-volatile memory express market are:
- Samsung Electronics Co., Ltd
- Western Digital Corporation
- Intel Corporation
- Broadcom Inc
The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
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