Non Volatile Memory Express Nvme Market Size, Type Analysis, Application Analysis, End-Use, Industry Analysis, Regional Outlook, Competitive Strategies And Forecasts, 2023-2032

  • Report ID: ME_0091063
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  • Number of Pages: 250
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Market Snapshot

CAGR:7.32
2023
2032

Source: Market Expertz

RND-Favicon
Study Period 2019-2032
Base Year 2023
Forcast Year 2023-2032
CAGR 7.32
Semiconductors & Electronics-companies
Semiconductors & Electronics-Snapshot

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Report Overview

The Non-volatile Memory Express (NVMe) Market size is estimated to grow at a CAGR of 8.92% between 2022 and 2032. The market size is forecast to increase by USD 4,567.21 million. The growth of the market depends on several factors, including the increasing demand for high-performance storage solutions, the rising adoption of cloud computing and data-intensive applications, and the need for faster data transfer speeds. Non-volatile Memory Express (NVMe) is a communication protocol designed for accessing solid-state drives (SSDs) over a PCI Express (PCIe) bus. It provides a faster and more efficient way to access and transfer data compared to traditional storage interfaces.

Non-volatile Memory Express (NVMe) Market Overview:

Drivers:

One of the key factors driving the NVMe market growth is the increasing demand for high-performance storage solutions. With the exponential growth of data and the need for faster data processing, there is a rising demand for storage solutions that can deliver high-speed data transfer and low latency. NVMe SSDs offer significantly higher performance compared to traditional hard disk drives (HDDs) or even SATA-based SSDs. They provide faster read and write speeds, lower latency, and higher input/output operations per second (IOPS), making them ideal for data-intensive applications such as big data analytics, artificial intelligence, and real-time processing.

Moreover, the growing adoption of cloud computing and data-intensive applications is also driving the market growth. Cloud service providers and enterprises are increasingly relying on NVMe-based storage solutions to meet the performance requirements of their applications. NVMe enables faster data access and transfer within cloud environments, improving overall system performance and reducing latency. Additionally, the scalability and flexibility of NVMe-based storage systems make them well-suited for cloud deployments.

Trends:

A key trend shaping the NVMe market is the increasing adoption of NVMe over Fabrics (NVMe-oF) technology. NVMe-oF extends the benefits of NVMe to networked storage environments, allowing for the efficient sharing and pooling of NVMe storage resources across multiple servers. This technology enables organizations to build high-performance storage networks that can scale to meet the demands of modern data centers. NVMe-oF solutions, such as NVMe-oF storage arrays and NVMe-oF switches, are gaining traction in industries such as finance, healthcare, and media, where low latency and high throughput are critical.

Furthermore, there is a growing focus on the development of next-generation NVMe SSDs with advanced features. Manufacturers are investing in research and development to enhance the performance, endurance, and reliability of NVMe SSDs. Innovations such as multi-level cell (MLC) and triple-level cell (TLC) NAND flash memory, 3D NAND technology, and advanced error correction techniques are being incorporated into NVMe SSDs to improve their overall performance and durability. These advancements are expected to drive the adoption of NVMe SSDs across various industries.

Restraints:

One of the key challenges hindering the NVMe market growth is the higher cost of NVMe-based storage solutions compared to traditional storage technologies. NVMe SSDs, although offering superior performance, are generally more expensive than HDDs or SATA-based SSDs. The higher cost of NVMe SSDs may limit their adoption, especially in price-sensitive markets or for applications that do not require the highest levels of performance. However, as the demand for faster storage solutions increases and economies of scale are achieved, the cost of NVMe-based storage is expected to decrease, driving wider adoption.

Non-volatile Memory Express (NVMe) Market Segmentation By Application:

The enterprise segment is estimated to witness significant growth during the forecast period. Enterprises across various industries, including finance, healthcare, and e-commerce, are increasingly adopting NVMe-based storage solutions to meet their growing data storage and processing needs. NVMe enables faster data access and transfer, improving application performance and reducing latency. In addition, the scalability and flexibility of NVMe-based storage systems make them well-suited for enterprise environments that require high-performance storage for mission-critical applications and workloads.

The consumer electronics segment is also expected to contribute to the market growth. With the increasing demand for high-speed data storage in devices such as smartphones, tablets, and gaming consoles, NVMe-based storage solutions are gaining popularity. NVMe SSDs offer faster data transfer speeds, allowing for quicker app launches, faster file transfers, and improved overall device performance. The growing consumer preference for high-performance devices is driving the adoption of NVMe-based storage in the consumer electronics segment.

Non-volatile Memory Express (NVMe) Market Segmentation By Type:

The NVMe SSD segment is expected to dominate the market during the forecast period. NVMe SSDs offer superior performance compared to traditional storage technologies, making them the preferred choice for applications that require high-speed data access and transfer. NVMe SSDs provide faster read and write speeds, lower latency, and higher IOPS, enabling faster application loading times, quicker data processing, and improved overall system performance. The increasing demand for high-performance storage solutions in data centers, cloud environments, and consumer devices is driving the growth of this segment.

Regional Overview:


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North America is estimated to contribute significantly to the growth of the global NVMe market during the forecast period. The region has a strong presence of key market players, technological advancements, and a high adoption rate of cloud computing and data-intensive applications. The increasing demand for high-performance storage solutions in industries such as finance, healthcare, and media further supports market growth in North America.

Europe is also expected to witness substantial growth in the NVMe market. The region has a mature IT infrastructure, a strong focus on digital transformation, and a growing demand for high-speed data storage and processing. The increasing adoption of cloud computing and the need for faster data transfer speeds are driving the market in Europe.

Non-volatile Memory Express (NVMe) Market Customer Landscape:

The NVMe market industry report includes the adoption lifecycle of the market, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

Who are the Major Non-volatile Memory Express (NVMe) Market Companies?

Companies are implementing various strategies, such as product launches, partnerships, mergers and acquisitions, and geographical expansion, to enhance their presence in the market.

Some of the major companies operating in the NVMe market include:

  • Samsung Electronics Co., Ltd.
  • Western Digital Corporation
  • Micron Technology, Inc.
  • Toshiba Corporation
  • Intel Corporation
  • SK Hynix Inc.
  • Kioxia Holdings Corporation
  • Seagate Technology PLC
  • Kingston Technology Company, Inc.
  • SanDisk Corporation

The research report also includes detailed analyses of the competitive landscape of the market and information about key market players. Data is qualitatively analyzed to categorize companies based on their market presence and strength.

Segment Overview:

The NVMe market report forecasts market growth by revenue at global, regional, and country levels and provides an analysis of the latest trends and growth opportunities from 2019 to 2032.

  • Application Outlook (USD Million, 2019 - 2032)

o             Enterprise

o             Consumer Electronics

o             Others

  • Type Outlook (USD Million, 2019 - 2032)

o             NVMe SSD

o             NVMe-oF

  • Geography Outlook (USD Million, 2019 - 2032)

o             North America

  • The U.S.
  • Canada

o             Europe

  • K.
  • Germany
  • France
  • Rest of Europe

o             Asia Pacific

  • China
  • India

o             South America

  • Brazil
  • Argentina
  • Rest of South America

o             Middle East & Africa

  • Saudi Arabia
  • South Africa
  • Rest of Middle East & Africa

TABLE OF CONTENTS: GLOBAL Non-volatile Memory Express (NVMe) MARKET

Chapter 1. MARKET SYNOPSIS

1.1. Market Definition

1.2. Research Scope & Premise

1.3. Methodology

1.4. Market Estimation Technique

Chapter 2. EXECUTIVE SUMMARY

2.1. Summary Snapshot, 2016 – 2027

Chapter 3. INDICATIVE METRICS

3.1. Macro Indicators

Chapter 4.    Non-volatile Memory Express (NVMe) MARKET SEGMENTATION & IMPACT ANALYSIS

4.1. Non-volatile Memory Express (NVMe) Consumption Segmentation Analysis

4.2. Industrial Outlook

4.3. Price Trend Analysis

4.4. Regulatory Framework

4.5. Porter’s Five Forces Analysis

    4.5.1. Power Of Suppliers

    4.5.2. Power Of Buyers

    4.5.3. Threat Of Substitutes

    4.5.4. Threat Of New Entrants

    4.5.5. Competitive Rivalry

Chapter 5. Change Non-volatile Memory Express (NVMe) MARKET BY TYPE INSIGHTS & TRENDS

5.1. Segment 1 Dynamics & Market Share, 2019 & 2027

5.2. Ethernet

    5.2.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

    5.2.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

5.3. Fibre Channel

     5.3.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

     5.3.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

 5.4. InfiniBand

     5.4.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

     5.4.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

Chapter 6. Non-volatile Memory Express (NVMe) MARKET BY APPLICATION INSIGHTS   &  TRENDS

6.1. Segment 2 Dynamics & Market Share, 2019 & 2027

6.2. On-premise

    6.2.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

    6.2.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

6.3. Remote

    6.3.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

    6.3.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)   

6.4. Hybrid

    6.4.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

    6.4.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)   

Chapter 7. Non-volatile Memory Express (NVMe) MARKET REGIONAL OUTLOOK

7.1.    Non-volatile Memory Express (NVMe) Market Share By Region, 2019 & 2027

7.2. NORTH AMERICA

    7.2.1. North America    Non-volatile Memory Express (NVMe) Market Estimates And Forecast, 2016 – 2027, (USD Million)

    7.2.2. North America   Non-volatile Memory Express (NVMe) Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

    7.2.3. North America   Non-volatile Memory Express (NVMe) Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.2.4. North America   Non-volatile Memory Express (NVMe) Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.2.5. U.S.

    7.2.5.1. U.S    Non-volatile Memory Express (NVMe) Market Estimates And Forecast, 2016 – 2027, (USD Million)

    7.2.5.2. U.S.    Non-volatile Memory Express (NVMe) Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

    7.2.5.3. U.S.    Non-volatile Memory Express (NVMe) Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.2.5.4. U.S.    Non-volatile Memory Express (NVMe) Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.2.6. CANADA

    7.2.6.1. Canada   Non-volatile Memory Express (NVMe) Market Estimates And Forecast, 2016 – 2027, (USD Million)

    7.2.6.2. Canada   Non-volatile Memory Express (NVMe) Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

    7.2.6.3. Canada    Non-volatile Memory Express (NVMe) Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.2.6.4. Canada   Non-volatile Memory Express (NVMe) Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.3. EUROPE

    7.3.1. Europe   Non-volatile Memory Express (NVMe) Estimates And Forecast, 2016 – 2027, (USD Million)

    7.3.2. Europe   Non-volatile Memory Express (NVMe) Estimates And Forecast By Segment 1, 2016 –2027, (USD Million

    7.3.3. Europe   Non-volatile Memory Express (NVMe) Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.3.4. Europe    Non-volatile Memory Express (NVMe) Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.3.5. GERMANY

    7.3.5.1. Germany    Non-volatile Memory Express (NVMe) Estimates And Forecast, 2016 – 2027, (USD Million)

    7.3.5.2. Germany    Non-volatile Memory Express (NVMe) Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

    7.3.5.3. Germany    Non-volatile Memory Express (NVMe) Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.3.5.4. Germany   Non-volatile Memory Express (NVMe) Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.3.6. FRANCE

    7.3.6.1. France    Non-volatile Memory Express (NVMe) Estimates And Forecast, 2016 – 2027, (USD Million)

    7.3.6.2. France    Non-volatile Memory Express (NVMe) Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

    7.3.6.3. France   Non-volatile Memory Express (NVMe) Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.3.6.4. France   Non-volatile Memory Express (NVMe) Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.3.7. U.K.

    7.3.7.1. U.K.   Non-volatile Memory Express (NVMe) Estimates And Forecast, 2016 – 2027, (USD Million)

    7.3.7.2. U.K.  Non-volatile Memory Express (NVMe) Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

    7.3.7.3. U.K.  Non-volatile Memory Express (NVMe) Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.3.7.4. U.K   Non-volatile Memory Express (NVMe) Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.4. ASIA-PACIFIC

    7.4.1. Asia Pacific    Non-volatile Memory Express (NVMe) Estimates And Forecast, 2016 – 2027, (USD Million)

    7.4.2. Asia Pacific    Non-volatile Memory Express (NVMe) Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

    7.4.3. Asia Pacific   Non-volatile Memory Express (NVMe) Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.4.4. Asia Pacific   Non-volatile Memory Express (NVMe) Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

 7.4.5. CHINA

     7.4.5.1. China   Non-volatile Memory Express (NVMe) Estimates And Forecast, 2016 – 2027, (USD Million)

     7.4.5.2. China   Non-volatile Memory Express (NVMe) Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

     7.4.5.3. China    Non-volatile Memory Express (NVMe) Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

     7.4.5.4. China    Non-volatile Memory Express (NVMe) Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4.6. INDIA

     7.4.6.1. India    Non-volatile Memory Express (NVMe) Estimates And Forecast, 2016 – 2027, (USD Million)

     7.4.6.2. India    Non-volatile Memory Express (NVMe) Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

     7.4.6.3. India    Non-volatile Memory Express (NVMe) Estimates And Forecast By Segment 2, 2016 –2027, (USD Million) 

     7.4.6.4. India    Non-volatile Memory Express (NVMe) Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4.7. JAPAN

     7.4.7.1. Japan   Non-volatile Memory Express (NVMe) Estimates And Forecast, 2016 – 2027, (USD Million)

     7.4.7.2. Japan   Non-volatile Memory Express (NVMe) Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

    7.4.7.3. Japan    Non-volatile Memory Express (NVMe) Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.4.7.4. Japan   Non-volatile Memory Express (NVMe) Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4.8. AUSTRALIA

    7.4.8.1. Australia   Non-volatile Memory Express (NVMe) Estimates And Forecast, 2016 – 2027, (USD Million)

    7.4.8.2. Australia   Non-volatile Memory Express (NVMe) Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

     7.4.8.3. Australia   Non-volatile Memory Express (NVMe) Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.4.8.4. Australia   Non-volatile Memory Express (NVMe) Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.5. MIDDLE EAST AND AFRICA (MEA)

    7.5.1. Mea    Non-volatile Memory Express (NVMe) Estimates And Forecast, 2016 – 2027, (USD Million)

    7.5.2. Mea    Non-volatile Memory Express (NVMe) Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

    7.5.3. Mea    Non-volatile Memory Express (NVMe) Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.5.4. Mea    Non-volatile Memory Express (NVMe) Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.6. LATIN AMERICA

     7.6.1. Latin America   Non-volatile Memory Express (NVMe) Estimates And Forecast, 2016 – 2027, (USD Million)

    7.6.2. Latin America    Non-volatile Memory Express (NVMe) Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

    7.6.3. Latin America    Non-volatile Memory Express (NVMe) Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.6.4. Latin America   Non-volatile Memory Express (NVMe) Estimates And Forecast By Production Process, 2016 –2027, (USD Million)

    7.6.5. Latin America   Non-volatile Memory Express (NVMe) Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

Chapter 8. COMPETITIVE LANDSCAPE

8.1. Market Share By Manufacturers

8.2. Strategic Benchmarking

    8.2.1. New Product Launches

    8.2.2. Investment & Expansion

    8.2.3. Acquisitions

    8.2.4. Partnerships, Agreement, Mergers, Joint-Ventures

8.3. Vendor Landscape

     8.3.1. North American Suppliers

     8.3.2. European Suppliers

     8.3.3. Asia-Pacific Suppliers

     8.3.4. Rest Of The World Suppliers

Chapter 9. COMPANY PROFILES

9.1. Samsung Electronics Co., Ltd. (Samsung) (South Korea)

    9.1.1. Company Overview

    9.1.2. Financial Performance

    9.1.3. Product Insights

    9.1.4. Strategic Initiatives

9.2. Western Digital Corporation (Western Digital) (US)

    9.2.1. Company Overview

    9.2.2. Financial Performance

    9.2.3. Product Insights

    9.2.4. Strategic Initiatives

9.3. Intel Corporation (Intel) (US)

    9.3.1. Company Overview

    9.3.2. Financial Performance

    9.3.3. Product Insights

    9.3.4. Strategic Initiatives

9.4. Dell EMC (US)

    9.4.1. Company Overview

    9.4.2. Financial Performance

    9.4.3. Product Insights

    9.4.4. Strategic Initiatives

9.5. Hewlett Packard Enterprise (HPE) (US).

    9.5.1. Company Overview

    9.5.2. Financial Performance

    9.5.3. Product Insights

    9.5.4. Strategic Initiatives

9.6. Company 6

    9.6.1. Company Overview

    9.6.2. Financial Performance

    9.6.3. Product Insights

    9.6.4. Strategic Initiatives

9.7. Company 7

    9.7.1. Company Overview

    9.7.2. Financial Performance

    9.7.3. Product Insights

    9.7.4. Strategic Initiatives

9.8. Company 8

    9.8.1. Company Overview

    9.8.2. Financial Performance

    9.8.3. Product Insights

    9.8.4. Strategic Initiatives

9.9 Company 9

    9.9.1. Company Overview

    9.9.2. Financial Performance

    9.9.3. Product Insights

    9.9.4. Strategic Initiatives

 9.10. Company 10

    9.10.1. Company Overview

    9.10.2. Financial Performance

    9.10.3. Product Insights

    9.10.4. Strategic Initiatives

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

RESEARCH METHODOLOGY

A research methodology is a systematic approach for assessing or conducting a market study. Researchers tend to draw on a variety of both qualitative and quantitative study methods, inclusive of investigations, survey, secondary data and market observation.

Such plans can focus on classifying the products offered by leading market players or simply use statistical models to interpret observations or test hypotheses. While some methods aim for a detailed description of the factors behind an observation, others present the context of the current market scenario.

Now let’s take a closer look at the research methods here.

Secondary Research Model

Extensive data is obtained and cumulated on a substantial basis during the inception phase of the research process. The data accumulated is consistently filtered through validation from the in-house database, paid sources as well reputable industry magazines. A robust research study requires an understanding of the overall value chain. Annual reports and financials of industry players are studied thoroughly to have a comprehensive idea of the market taxonomy.

Primary Insights

Post conglomeration of the data obtained through secondary research; a validation process is initiated to verify the numbers or figures. This process is usually performed by having a detailed discussion with the industry experts.

However, we do not restrict our primary interviews only to the industry leaders. Our team covers the entire value chain while verifying the data. A significant number of raw material suppliers, local manufacturers, distributors, and stakeholders are interviewed to make our findings authentic. The current trends which include the drivers, restraints, and opportunities are also derived through the primary research process.

Market Estimation

The market estimation is conducted by analyzing the data collected through both secondary and primary research. This process involves market breakdown, bottom-up and top- down approach.

Moreover, while forecasting the market a comprehensive statistical time series model is designed for each market. Macroeconomic indicators are considered to understand the current trends of the market. Each data point is verified by the process of data triangulation method to arrive at the final market estimates.

Final Presentation

The penultimate process results in a holistic research report. The study equips key industry players to undertake significant strategic decisions through the findings. The report encompasses detailed market information. Graphical representations of the current market trends are also made available in order to make the study highly comprehensible for the reader.

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