Non-volatile Memory Express (NVMe) Market Largest Application Share in 2022
The Non-volatile Memory Express (NVMe) Market is projected to grow from USD 44.6 billion in 2020 to USD 163.5 billion by 2025; it is expected to grow at a CAGR of 29.7% from 2020 to 2025. The major factors driving the growth of the market include the increasing adoption of NVMe technologies in SSDs, servers, and storage appliances; exponential rise in data generation and evolving demand for data storage and processing infrastructure; and significant performance advancements offered by NVMe. All-flash arrays segment of NVMe Market projected to grow at highest CAGR during forecast period This growth is because of the increasing applications of NVMe-based all-flash arrays in enterprises and data centers. NVMe-based storage arrays use flash memory and get seamless support from drivers such as Windows 8, Linux kernel, and vSphere. These storage arrays also provide all the benefits of the NVMe interface, such as low latency, faster IOPS, faster read/write operations, etc. Download PDF Br