Non-volatile Memory Express (NVMe) Market Trends, Latest Techniques, Key Segments and Geography Forecast Till 2025


The Non-volatile Memory Express (NVMe) Market is anticipated to increase from USD 44.6 billion in 2020 to USD 163.5 billion by 2025, growing at a CAGR of 29.7% over that time. The market's expansion is primarily being driven by the expanding use of NVMe technologies in SSDs, servers, and storage appliances; the exponential growth in data generation and changing infrastructure needs for data processing and storage; and the notable performance gains made possible by NVMe.

The NVMe market segment for all-flash arrays is anticipated to expand at the greatest CAGR over the forecast period.

This growth is the result of more businesses and data centres using NVMe-based all-flash arrays. Flash memory-based NVMe-based storage arrays benefit from seamless support from drivers including Windows 8, Linux, and vSphere. All the advantages of the NVMe interface, including low latency, faster IOPS, quicker read/write operations, etc., are also offered by these storage arrays.

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During the projected period, InfiniBand is anticipated to expand at the second-highest CAGR.

InfiniBand is renowned for its lightning-fast performance. It is scalable and provides failover and quality of service (QoS). In contexts involving high-performance computing (HPC), it is mostly employed as a server interconnect. The development of InfiniBand as a communication standard is fueled by the rise in HPC applications and the adoption of IPv6, which permits limitless expansions. As a result, this market is anticipated to expand at the second-highest CAGR.

NVMe market's healthcare segment is expected to expand at the greatest CAGR over the projected period.

The use of wearable technology for health monitoring, advancements in data analytics, and scientific research are the main drivers of the need for NVMe-based data storage and solutions in the healthcare sector. Healthcare researchers must examine enormous amounts of data. High-speed data storage systems are necessary for managing, storing, and accessing a lot of data. Similar to how emails, back office information, and tracking records, among other data from patient records, need to be stored in dependable, high-capacity systems. Due to advantages including improved performance with higher IOPS and low latency, NVMe-based storage, especially all-flash arrays, is anticipated to be widely utilised. The adoption of NVMe-based all-flash arrays is also being fueled by a decline in their average selling price.

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From 2020 to 2025, the NVMe market in RoW is anticipated to develop at the highest CAGR.

The growing investments by telecom carriers and financial institutions in cutting-edge storage solutions are responsible for the expansion of the NVMe industry in the Middle East and Africa. The Middle East's energy market is expanding steadily, and the companies in it have many prospects for expansion there. One of the major oil and gas producing areas is this one. To evaluate a significant volume of seismic data, the oil and gas industry needs sophisticated data computing, processing, and storage technologies. Advanced data storage solutions are now more in demand as a result of this. The development of the NVMe market in RoW is also being fueled by increased spending on IT infrastructure. The introduction of IoT, which has increased demand for smart devices, together with the rapid growth of social media channels, has increased the demand for storage in this area.

Key Players

Samsung Electronics Co., Ltd. (Samsung) (South Korea), Western Digital Corporation (Western Digital) (US), Intel Corporation (Intel) (US), Dell EMC (US), Hewlett Packard Enterprise (HPE) (US), Broadcom Inc. (Broadcom) (US), Micron Technology, Inc. (Micron Technology) (US), Cisco Systems, Inc. (Cisco) (US), Toshiba Corporation (Toshiba) (Japan), and NetApp, Inc. (NetApp) (US) are the prominent players in the NVMe Market.

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