NVMe (non-volatile memory express) is a set of interface requirements for accessing non-volatile storage media through peripheral component interconnect express (PCIe). This protocol is intended to improve the transfer speed between the enterprise and the customer. This specification contains a large number of elements, all of which are intended to promote the output features and operations.
The global non-volatile memory express (NVMe) demand is expected to expand at a CAGR of 8.7% from 2020 to 2027, rising from USD 52.3 billion in 2020 to USD 120.44 billion in 2027.
A group of vendors is working on a non-volatile memory networking interface/protocol. NVMe is a modern server storage I/O access system and protocol that allows for quick access to NVM-based storage and memory. Increasing digitalization and the increased need to handle and store data effectively are driving the global non-volatile memory express market. NVMe allows for fast and easy access to SSDs (solid-state drives/storage devices) and has thereby become the storage interface of choice for businesses.
As they are commonly used as a storage solution in most verticals, NVMe SSDs have the highest market share. The benefits offered by NVMe SSDs are largely responsible for this widespread acceptance. In comparison to HDDs, SSDs were launched to the market as a storage system that allows for quicker read/write operations and lower latency. When compared to HDDs and standard SSDs, NVMe SSDs have improved data storage and retrieval operations with the lowest possible latency (SATA and SAS). SSDs have the highest share of the non-volatile memory express market due to these advantages.
A hybrid system is one that combines on-premise and centralized installations, with active data being processed on-premise and inactive data being moved to remote location-based networks. This is often referred to as emergency recovery planning. The use of a hybrid deployment model is growing as businesses realize the importance of having a backup of critical data in case of an on-premises disaster. Enterprises who wish to take advantage of the advantages of other deployment models while avoiding the high capital costs of on-premise deployment choose hybrid NVMe servers and storage solutions.
On a regular basis, the banking industry produces a massive array of data, ranging from individual transaction records to customer information. Financial organizations can get real-time insights through the advancement of NVMe powered storage technology because data is stored in a standardized manner with fast data processing speed and can be quickly accessed with low latency. NVMe-oF is a network fabric that connects servers and storage systems and extends the high-performance and low-latency advantages of NVMe through network fabrics such as Fiber Channel (FC), Ethernet, and InfiniBand. To connect between the host machine and the target storage unit, NVMe over Fabrics uses a message-based mechanism which results in Fabric channel holding a major share in the NVMe market.
The NVMe market is dominated by North America, which was an early adopter of modern data management technology, followed by Europe and APAC. Any business in North America is becoming more digital, necessitating the use of specialized data storage solutions. Notebooks, laptops, and tablets are common in North America. For the developers of notebooks, tablets, and laptops in this area, the fundamentals of computing have shifted, with a greater focus on saving customers' time by speeding up data transfer. As a result, there has been a significant push for NVMe SSDs to be used in these devices in order to save time, speed up data processing, and reach high-performance levels.
Key players currently operating in the global non-volatile memory express industry:
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Chapter 1. Research Objective
Chapter 2. Executive Summary
Chapter 3. Strategic Analysis
Chapter 4. Market Dynamics
Chapter 5. Market Segmentation
North America Non-Volatile Memory Express Market Segmentation
By Technology - Forecast till 2027
By Product - Forecast till 2027
By End-user - Forecast till 2027
Europe Non-Volatile Memory Express Market Segmentation
By Technology - Forecast till 2027
By Product - Forecast till 2027
By End-user - Forecast till 2027
APAC Non-Volatile Memory Express Market Segmentation
By Technology - Forecast till 2027
By Product - Forecast till 2027
By End-user - Forecast till 2027
Latin America (LATAM Non-Volatile Memory Express Market Segmentation
By Technology - Forecast till 2027
By Product - Forecast till 2027
By End-user - Forecast till 2027
The regions are further studied to analyse the major countries within the respective regions. The coverage of the country level data is dynamic and is updated regularly based on the market movements. Normally, the countries covered in the report include
North America - United States, Canada, Mexico; Europe - United Kingdom, France, Italy, Germany, Spain, Rest of Europe; Asia Pacific - China, India, Japan, South Korea, Rest of APAC; Middle East & Africa - South Africa, GCC Countries, Rest of MEA; LatAm - Brazil, Argentina, Rest of LatAm;
Chapter 6. Market Use case studies
Chapter 7. KOL Recommendations
Chapter 8. Investment Landscape
8.1 Non-Volatile Memory Express Market Investment Analysis
8.2 Market M&A
8.3 Market Fund Raise & Other activity
Chapter 9. Non-Volatile Memory Express Market - Competitive Intelligence
9.1 Company Positioning Analysis
9.1.1 Positioning - By Revenue
9.1.2 Positioning - By Business Score
9.1.3 Legacy Positioning
9.2 Competitive Strategy Analysis
9.2.1 Organic Strategies
9.2.2 Inorganic Strategies
Chapter 10. Key Company Profiles
The Non-Volatile Memory Express market report profiles companies based on the material impact they have on the market ecosystem. These are hence, to be read as 'Key Players' and not necessarily 'Market Leaders'.
Companies are typically profiled to include
10.x.1 Company Fundamentals
10.x.2 Performance Overview
10.x.3 Product Overview
10.x.4 Recent Developments
The Companies profiled in this Report include
Chapter 11. Appendix
11.1 About AllTheResearch
11.2 Service offerings
11.3 Author details
11.4 Terms & Conditions
11.5 Contact us