According to Stratistics MRC, the Global Non-volatile Memory Express (NVMe) Market is accounted for $33.86 billion in 2019 and is expected to reach $239.43 billion by 2027 growing at a CAGR of 27.7% during the forecast period. While some of the elements like the growing adoption of NVMe technologies in SSDS, servers, and storage appliances and exponential rise in data generation and evolving command for data storage and processing infrastructure are propelling the market growth. However, performance problems associated with storage software likely to hamper the growth of the market.
Non-volatile memory express (NVMe), also well-known as a Non-volatile memory host controller interface (NVMHCI), is a device interface specification that enables a solid-state drive (SSD) to efficiently employ a high-speed peripheral component interconnect express (PCIe) bus in a computer. This communications interface/protocol is developed by a consortium of vendors including Intel, Samsung, Dell, and Seagate. NVMe is new server storage I/O access method and protocol for fast access to NVM based storage and memory technologies.
Based on the component, the Solid State Drives (SSDs) is likely to have a huge demand in the forecast period due to they are adopted widely as a storage solution in most of the verticals. This widespread adoption is mainly due to the benefits provided by NVMe SSDs. By geography, Middle East & Africa is going to have a lucrative growth due to the increased investments by telecom operators and financial institutions in advanced storage solutions.
Some of the key players profiled in the Non-volatile Memory Express (NVMe) Market include Broadcom Inc., Oracle, Samsung, IBM, Western Digital Corporation., Marvell, Intel Corporation, Microsemi, NetApp, Cisco, Dell, Toshiba Corporation, Microchip Technology, Micron Technology, Inc., and Huawei.
Communication Standards Covered:
- InfiniBand
- Fibre Channel
- Ethernet
Products Covered:
- Adapters
- All-flash Arrays
- Servers
- Solid-state Drives (SSDs)
- Other Products
Deployment Locations Covered:
- On-premise
- Co-lo Datacenters
- Private Cloud
- Public Cloud
Components Covered:
- Software
- Hardware
- Services
Operating Systems Covered:
- Linux
- Chrome Operating System (OS)
- Free Berkeley Software Distribution (BSD)
- Haiku
- Illumos
- iOS
- DragonFly Berkeley Software Distribution (BSD)
- Open Berkeley Software Distribution (BSD)
- Windows
Applications Covered:
- Caching
- Data Virtualization
- On-Line Analytical Processing (OLAP)
- On-Line Transaction Processing (OLTP)
- Primary Storage
- Cloud Services
End Users Covered:
- Banking, Financial Services, and Insurance (BFSI)
- Business & Consulting
- Consumer Goods & Retail
- Education & Research
- Energy
- Government
- Healthcare
- Manufacturing
- Media & Entertainment
- Telecommunications & ITeS
- Cloud Service Providers
- Enterprises/ Traditional On-premises Datacenters
- E-Commerce
- Hyperscale
- Transportation
Regions Covered:
- North America
- ·US
- ·Canada
- ·Mexico
- Europe
- ·Germany
- ·UK
- ·Italy
- ·France
- ·Spain
- ·Rest of Europe
- Asia Pacific
- ·Japan
- ·China
- ·India
- ·Australia
- ·New Zealand
- ·South Korea
- ·Rest of Asia Pacific
- South America
- ·Argentina
- ·Brazil
- ·Chile
- ·Rest of South America
- Middle East & Africa
- ·Saudi Arabia
- ·UAE
- ·Qatar
- ·South Africa
- ·Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2018, 2019 2020, 2024, and 2027
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
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