The global Non-Volatile Memory Express (NVMe) market size is expected to reach USD 353.78 Billion at a steady CAGR of 29.5% in 2028, according to latest analysis by Emergen Research. Growth of NVMe market can be attributed to the rising demand for SSD amongst various consumers across the globe. NVMe supports low latency and operational performance in different applications, which is boost deployment, and in turn driving market revenue growth.

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The report concludes with a panoramic view of the global Non-Volatile Memory Express (NVMe) industry, which comprises the salient global and regional market aspects, supported by key statistical data and industry-verified facts. It thoroughly examines the market size, share, and volume existing throughout the historical years (2018-2019) in order to forecast the same for the projected years (2021-2028). Furthermore, the report studies a wide array of growth prospects and threats and challenges that are poised to influence the performance of the key market players in the near future.

Market Segmentation by Key Player:

Micron Technology, Samsung Electronics, Hewlett Packard Enterprise (HPE), Intel Corporation, Toshiba Corporation, Dell EMC, Microchip Technology, Cisco Systems, IBM Corporation, and Renesas Electronics.

Some Key Highlights From the Report

• Hybrid deployment is a combination of remote and on-premises systems. Hybrid deployment is gaining traction as companies need to maintain backups of important files and data in case of any eventuality at the premises. Hybrid NVMe storage solutions are generally adopted by those enterprises seeking to reap the benefits of other deployment modes, while also keeping capital expenditure low in on-premises deployment.
• BFSI segment accounted for largest revenue share in 2020 due to rising use of digital payments and online banking, which has created rising need for backup, data storage, and security for customer credentials. BFSI sector is adopting the technology owing to a surge in application of ML and AI in the industry, which generates large data volumes, which is then used for further analysis.
• Asia Pacific market revenue is expected to register a rapid growth rate during the forecast period due to increase in number of Internet users in countries in the region. Surge in demand for connected devices such as tablets, smartphones, and laptops is expected to continue to propel growth of the market in the region. Increasing demand for data storage solutions across large as well as small & medium sized enterprises will continue to drive growth of the Asia Pacific NVMe market to a significant extent going ahead.

Non-Volatile Memory Express (NVMe) Market Segmentation:

Emergen Research has segmented the global Non-Volatile Memory Express (NVMe) market on the basis of product, communication standard, deployment location, vertical, and region:

• Product Outlook (Revenue, USD Billion; 2018–2028)
  • Solid-State Drives (SSDs)
  • Adapters
  • Servers
  • All-Flash Arrays
  • Adapters
  • Others (I/O Accelerator Blocks, Switches, and Controllers)
• Communication Standard Outlook (Revenue, USD Billion; 2018–2028)
  • Ethernet
  • Infiniband
  • Fiber Channel
• Deployment Location Outlook (Revenue, USD Billion; 2018–2028)
  • On-Premises
  • Remote
  • Hybrid
• Vertical Outlook (Revenue, USD Billion; 2018–2028)
  • BFSI
  • IT & Telecommunication
  • Government
  • Healthcare
  • Consumer Goods & Retail
  • Media & Entertainment
  • Education & Research
  • Energy
  • Manufacturing
  • Business & Consulting
  • Others

Key geographical regions analyzed in the report:

North America (U.S., Canada)

Europe (U.K., Italy, Germany, France, Rest of EU)

Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)

Latin America (Chile, Brazil, Argentina, Rest of Latin America)

Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

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Key points covered in the report:

• The report provides the reader with a detailed study of the global Non-Volatile Memory Express (NVMe) market, including essential data beneficial for business.
• The prominent factors driving and restraining market growth, latest product trends, and technological advancements have been extensively discussed by the authors of the report.
• A broad market categorization, based on product type, application gamut, and end-user landscape, has been included in the report.
• It further entails the latest product development, incorporation of new techniques, and profiles of major competitors in the market.

Table Of Content:

Chapter 1. Methodology & Sources
    1.1. Market Definition
    1.2. Research Scope  
    1.3. Methodology
    1.4. Research Sources
          1.4.1. Primary
          1.4.2. Secondary
          1.4.3. Paid Sources
    1.5. Market Estimation Technique
Chapter 2. Executive Summary
    2.1. Summary Snapshot, 2020-2028
Chapter 3. Key Insights
Chapter 4. Non-Volatile Memory Express (NVMe) Market Segmentation & Impact Analysis
    4.1. Non-Volatile Memory Express (NVMe) Market Material Segmentation Analysis
    4.2. Industrial Outlook 
          4.2.1. Market indicators analysis
          4.2.2. Market drivers analysis
                    4.2.2.1. Increasing adoption of NVMe technologies in SSDS, servers, and storage appliances
                    4.2.2.2. Exponential rise in data generation and evolving demand for data storage and processing infrastructure
          4.2.3. Market restraints analysis 
                    4.2.3.1. Performance problems associated with storage software
    4.3. Technological Insights 
    4.4. Regulatory Framework
    4.5. Porter’s Five Forces Analysis
    4.6. Competitive Metric Space Analysis
    4.7. Price trend Analysis
    4.8. Covid-19 Impact Analysis

Chapter 5. Non-Volatile Memory Express (NVMe) Market By Product Insights & Trends, Revenue (USD Billion) 
    5.1. Product Dynamics & Market Share, 2021 & 2028
          5.1.1. Solid-State Drives (SSDS)
          5.1.2. Adapters
          5.1.3. Servers
          5.1.4. All-Flash Arrays
          5.1.5. Adapters
          5.1.6. Others (I/O Accelerator Blocks, Switches, and Controllers)

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