Market Overview:
The global non-volatile memory express (NVMe) market is expected to grow at a CAGR of 33.8% from 2018 to 2030. The growth of the NVMe market can be attributed to the increasing demand for high-performance storage devices and rising need for data center consolidation. In terms of type, the hardware segment is expected to hold the largest share of the NVMe market in 2018. However, software and services are projected to grow at a higher CAGR during the forecast period. By application, IT is expected to account for the largest share of the NVMe market in 2018; however, financial services and electronic commerce are projected to grow at a higher CAGR duringthe forecast period.
Product Definition:
Non-volatile Memory Express (NVMe) is a specification for accessing solid-state drives over a PCI Express bus. NVMe allows for much faster read and write speeds than traditional SATA SSDs. NVMe is important because it allows devices like solid state drives to take advantage of the speed improvements offered by PCI Express, which in turn can lead to significantly improved performance.
Hardware:
Hardware is used to implement the functions of a specific industry or sector. In case of non-volatile memory express (NVM Express) hardware, it's used for the storage and retrieval of data from a solid-state disk drive. The growth factor in this market is increasing demand for high performance and low latency memory solutions such as SDRAM, RRAM, MRAM among others.
Software:
Software is used in non-volatile memory express (NVM Express) to manage the device and provide an interface between the operating system and the hardware. It helps in communication between devices connected to a computer network. The software also provides services for managing devices attached to a computer through a bus or network, such as input/output ports, shared memory, I/O ports, etc.
Application Insights:
The IT application segment accounted for the largest market share in 2017 and is expected to continue its dominance over the forecast period. The growing demand for NVM Express cards in data centers, especially from large enterprises is expected to drive growth. Furthermore, rising adoption of NVMe-based storage devices in servers is projected to fuel product demand during the forecast period.
Non-volatile memory express provides a high performance interface between solid-state drives (SSDs) and enterprise storage systems that are based on Fibre Channel or iSCSI protocol, thereby driving its use across various applications such as IT and financial services. The increasing number of cloud computing initiatives by companies such as Google Inc., Microsoft Corporation, Amazon.com Inc., IBM Corporation among others are anticipated to propel industry growth over the coming years.
Regional Analysis:
The North American regional market dominated the global industry in 2017 and is expected to continue its dominance over the forecast period. The growth can be attributed to increasing demand for high-performance computing systems from various industries, such as oil & gas, pharmaceuticals, and others. Moreover, presence of prominent players in this region has led to increased adoption of NVM Express devices.
Asia Pacific is projected to emerge as a lucrative regional market during the same period owing to increasing investments by key players in countries such as China and Japan. In addition, rising usage of consumer electronics products with large memory capacities is anticipated to drive demand for NVM Express devices across this region over the forecast period.
Growth Factors:
- Increasing demand for faster, more reliable storage solutions from data-intensive industries such as big data, cloud computing, and artificial intelligence.
- Growing popularity of NVMe-based solid state drives (SSDs) in enterprise and client systems.
- Proliferation of PCIe-based servers and storage systems that support NVMe technology.
- Development of new applications and use cases for non-volatile memory technologies.
- Advances in non-volatile memory controller technology that improve performance and reliability
Scope Of The Report
Report Attributes
Report Details
Report Title
Non-volatile Memory Express Market Research Report
By Type
Hardware, Software, Services
By Application
IT, Financial Services, Electronic Commerce, Other
By Companies
Broadcom, Cisco, Dell, IBM, Intel Corporation, Marvell, Micron Technology, Microsemi, NetApp, Oracle, Samsung, Toshiba, Western Digital
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
233
Number of Tables & Figures
164
Customization Available
Yes, the report can be customized as per your need.
Global Non-volatile Memory Express Market Report Segments:
The global Non-volatile Memory Express market is segmented on the basis of:
Types
Hardware, Software, Services
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
IT, Financial Services, Electronic Commerce, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Broadcom
- Cisco
- Dell
- IBM
- Intel Corporation
- Marvell
- Micron Technology
- Microsemi
- NetApp
- Oracle
- Samsung
- Toshiba
- Western Digital
Highlights of The Non-volatile Memory Express Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Hardware
- Software
- Services
- By Application:
- IT
- Financial Services
- Electronic Commerce
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Non-volatile Memory Express Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Non-volatile memory express (NVM Express) is a specification for a high-speed serial bus interface for storage devices. NVM Express provides up to 10 Gbit/s data transfer rates over short distances, making it well suited for fast internal storage solutions in servers and embedded systems.
Some of the key players operating in the non-volatile memory express market are Broadcom, Cisco, Dell, IBM, Intel Corporation, Marvell, Micron Technology, Microsemi, NetApp, Oracle, Samsung, Toshiba, Western Digital.
The non-volatile memory express market is expected to grow at a compound annual growth rate of 33.8%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Non-volatile Memory Express Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Non-volatile Memory Express Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Non-volatile Memory Express Market - Supply Chain
4.5. Global Non-volatile Memory Express Market Forecast
4.5.1. Non-volatile Memory Express Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Non-volatile Memory Express Market Size (000 Units) and Y-o-Y Growth
4.5.3. Non-volatile Memory Express Market Absolute $ Opportunity
5. Global Non-volatile Memory Express Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Non-volatile Memory Express Market Size and Volume Forecast by Type
5.3.1. Hardware
5.3.2. Software
5.3.3. Services
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Non-volatile Memory Express Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Non-volatile Memory Express Market Size and Volume Forecast by Application
6.3.1. IT
6.3.2. Financial Services
6.3.3. Electronic Commerce
6.3.4. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Non-volatile Memory Express Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Non-volatile Memory Express Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Non-volatile Memory Express Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Non-volatile Memory Express Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Non-volatile Memory Express Demand Share Forecast, 2019-2026
9. North America Non-volatile Memory Express Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Non-volatile Memory Express Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Non-volatile Memory Express Market Size and Volume Forecast by Application
9.4.1. IT
9.4.2. Financial Services
9.4.3. Electronic Commerce
9.4.4. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Non-volatile Memory Express Market Size and Volume Forecast by Type
9.7.1. Hardware
9.7.2. Software
9.7.3. Services
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Non-volatile Memory Express Demand Share Forecast, 2019-2026
10. Latin America Non-volatile Memory Express Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Non-volatile Memory Express Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Non-volatile Memory Express Market Size and Volume Forecast by Application
10.4.1. IT
10.4.2. Financial Services
10.4.3. Electronic Commerce
10.4.4. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Non-volatile Memory Express Market Size and Volume Forecast by Type
10.7.1. Hardware
10.7.2. Software
10.7.3. Services
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Non-volatile Memory Express Demand Share Forecast, 2019-2026
11. Europe Non-volatile Memory Express Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Non-volatile Memory Express Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Non-volatile Memory Express Market Size and Volume Forecast by Application
11.4.1. IT
11.4.2. Financial Services
11.4.3. Electronic Commerce
11.4.4. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Non-volatile Memory Express Market Size and Volume Forecast by Type
11.7.1. Hardware
11.7.2. Software
11.7.3. Serices
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Non-volatile Memory Express Demand Share, 2019-2026
12. Asia Pacific Non-volatile Memory Express Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Non-volatile Memory Express Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Non-volatile Memory Express Market Size and Volume Forecast by Application
12.4.1. IT
12.4.2. Financial Services
12.4.3. Electronic Commerce
12.4.4. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Non-volatile Memory Express Market Size and Volume Forecast by Type
12.7.1. Hardware
12.7.2. Software
12.7.3. Services
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Non-volatile Memory Express Demand Share, 2019-2026
13. Middle East & Africa Non-volatile Memory Express Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Non-volatile Memory Express Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Non-volatile Memory Express Market Size and Volume Forecast by Application
13.4.1. IT
13.4.2. Financial Services
13.4.3. Electronic Commerce
13.4.4. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Non-volatile Memory Express Market Size and Volume Forecast by Type
13.7.1. Hardware
13.7.2. Software
13.7.3. Services
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Non-volatile Memory Express Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Non-volatile Memory Express Market: Market Share Analysis
14.2. Non-volatile Memory Express Distributors and Customers
14.3. Non-volatile Memory Express Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Broadcom
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Cisco
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Dell
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. IBM
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Intel Corporation
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Marvell
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Micron Technology
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Microsemi
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. NetApp
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Oracle
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Samsung
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Toshiba
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Western Digital
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook