Global Forecast 2025: NVMe Market Size, Share, and Growth Trends
The Non-volatile Memory Express (NVMe) Market by Product, Deployment Location, Communication Standard, Vertical, and Region - Global Forecast to 2025" highlights the market's extraordinary growth trajectory. Forecasts show that by 2025, it will have grown significantly from USD 44.6 billion in 2020 to USD 163.5 billion, or a strong compound annual growth rate (CAGR) of 29.7%. The growing use of NVMe devices across a range of industries, including servers, adapters, SSDs, and all-flash arrays, is one of the main drivers of this exponential expansion. Further driving market expansion is the move towards on-premise, remote, and hybrid deployment models as well as the advancement of communication protocols like Ethernet, Fibre Channel, and InfiniBand. Over the course of the projection period, NVMe technology's widespread use is anticipated to fuel significant market growth, ushering in a new era of high-performance, low-latency storage solutions. NVMe technology is becomi...