Increasing government initiatives regarding water conservation and the growing need for an enhanced and effective automated irrigation system are driving the demand of the market.

Non-Volatile Memory Express (NVMe) market size is expected to reach USD 353.78 Billion at a steady CAGR of 29.5% in 2028. A new research report has been added by Emergen Research, that offers a comprehensive analysis of the Global Non-Volatile Memory Express (NVMe) Market that offers beneficial information to the users to offer an overview of the Non-Volatile Memory Express (NVMe) market.

Increase in volumes of data generated and need for more efficient storage systems is another factor driving growth of NVMe market. Increased adoption of NVMe in data centers is also fueling growth of the market.

The report covers the rapidly changing market scenario and offers an initial and future assessment of the impact of the Non-Volatile Memory Express (NVMe) market. The research report is furnished with data validated from the experts, along with an analysis of the historical data. It also discusses growth prospects, industry facts, sales figures, distribution channels, competitive landscape analysis, market shares, gross margin, key regions, demand trends, and developments, among others.

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Global Non-Volatile Memory Express (NVMe) Market Segmentation:

The market has been divided into types, applications, and regions. The report offers a growth analysis of each segment to provide an accurate calculation and forecast of sales in the time period 2020-2028. The analysis offers strategic insights that provide fruitful information to the readers to help them capitalize on the business offerings.

Market Segments

  • 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

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Some Key Highlights From the Report

  • In May 2021, Kingston Technology announced the launch of NV1 NVMe PCIe SSD. NV1 is an ideal entry-level drive for first-time NVMe users with small form factor PCs and laptops. NV1 has substantial storage capacities of up to 2TB, consumes less power, emits less heat, and has quick load times, which makes it ideal for users requiring rapid responsiveness and ultra-fast data access, but having systems with limited storage space.
  • 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.

Major Players Profiled in the Report:

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

Global Non-Volatile Memory Express (NVMe) Market Regional 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.

The report also covers an in-depth analysis of the key geographical regions as well as their countries. It further covers radical insights about the key market players along with their company overview, total revenue, market share and size, price analysis, product portfolio, and strategic initiatives adopted by the companies.

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