Market Overview:
The global NVM Express (Nonvolatile Memory Express) market is expected to grow from USD 1.02 billion in 2018 to USD 3.06 billion by 2030, at a Compound Annual Growth Rate (CAGR) of 16.5% during the forecast period. The growth of the market can be attributed to the growing demand for faster data access and storage, rising trend of SSDs in data centers, and increasing adoption of NVMe-based storage solutions among enterprises. Based on type, the Ethernet segment is expected to account for the largest share of the global NVM Express (Nonvolatile Memory Express) market in 2018. This segment is also projected to grow at a higher CAGR during the forecast period.
Product Definition:
NVM Express (Nonvolatile Memory Express) is a standard that enables fast, low latency access to persistent storage devices. It allows for multiple simultaneous read and write operations, and provides support for error correcting code (ECC) memory. This makes it an ideal choice for applications that require high performance storage, such as data analytics, big data management, and online gaming.
Ethernet:
Ethernet is a group of computer networking technologies that comprise the largest family of LAN protocols. It was initially developed as a protocol to facilitate local area network (LAN) connectivity between computers and has since then evolved into a wide-ranging set of protocols for communication across networks. Ethernet allows high bandwidth, low latency, and quick connection establishment along with offering reliable data transmission capabilities. These features have made Ethernet one of the most widely used LAN technologies globally in recent years.
Fibre Channel:
Fibre Channel (FC) is a high-speed data transfer technology used in storage and networking applications. FC helps in transferring bulk data at speeds up to 1Gbps. It uses optical fiber cables for transmission of signals between devices. Fibre channel offers benefits such as low latency, efficient bandwidth usage, and flexibility which are highly required for virtualization technologies such as VMware or Virtual PC Virtualizer.
Application Insights:
The global market is segmented by application into banking, financial services, and insurance (BFSI), healthcare, energy, government, education and manufacturing. The BFSI sector dominated the market in 2017 owing to the increasing demand for non-volatile memory as it helps in reducing operating costs of data storage devices. Moreover, it also helps in improving system performance by eliminating disk drive head crashes and increases data security by encrypting data before writing them to flash memory.
The growing adoption of NVM Express technology across various sectors including aerospace & defense; industrial; consumer goods; retail & e-commerce; transportation & logistics is expected to boost product demand over the forecast period. In addition to this factor contributing towards a significant share of revenue generation within BFSI industry verticals globally are increasing investments from key players such as Samsung Electronics Co., Ltd.; Micron Technology Inc.; Calxeda Inc.; Spansion LLC etc.
Regional Analysis:
The North American regional market dominated the global non-volatile memory express (NVME) market in 2016 and is expected to continue its dominance over the forecast period. The growth can be attributed to increasing adoption of solid-state drives (SSDs). In addition, presence of key players such as Intel Corporation; Micron Technology Inc.; Western Digital Technologies Co., Ltd.; Samsung Electronics Co., Ltd.; and SanDisk Corporation, has contributed to the growth.
Asia Pacific is anticipated to emerge as a lucrative region with high demand for NVMe products from emerging economies such as China and India. This can be attributed to rising investments by companies in these countries for building data centers or expanding their businesses across multiple platforms including mobile devices, tablets, personal computers (PCs), storage systems, network attached storage (NAS) units among others. Moreover rising need for higher I/O performance along with growing number of cloud services providers are other factors driving regional market growth during the forecast period.
Growth Factors:
- Increasing demand for faster storage solutions: NVM Express is designed to deliver high performance and low latency storage solutions. This has led to its increasing adoption in data centers and other high-performance applications.
- Growing popularity of SSDs: NVM Express is particularly well suited for SSDs, as it delivers the performance they need to achieve their potential. This has helped fuel the growth of the NVM Express market.
- Proliferation of PCIe-based systems: The PCIe bus standard is well suited for implementing NVM Express, which has helped its adoption among system builders and original equipment manufacturers (OEMs).
- Standardization efforts: The development of a formal standard for NVM Express has helped promote its wider adoption among hardware and software vendors alike.
Scope Of The Report
Report Attributes
Report Details
Report Title
NVM Express (Nonvolatile Memory Express) Market Research Report
By Type
Ethernet, Fibre Channel, InfiniBand
By Application
BFSI, Healthcare, Energy, Government, Education, Manufacturing, Other
By Companies
Samsung, Western Digital), Intel Corporation, Dell EMC, Hewlett Packard Enterprise, Broadcom, Micron Technology, Cisco Systems, Toshiba, NetApp, IBM, Marvell, Seagate Technology, SK Hynix, Renesas Electronics
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
226
Number of Tables & Figures
159
Customization Available
Yes, the report can be customized as per your need.
Global NVM Express (Nonvolatile Memory Express) Market Report Segments:
The global NVM Express (Nonvolatile Memory Express) market is segmented on the basis of:
Types
Ethernet, Fibre Channel, InfiniBand
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
BFSI, Healthcare, Energy, Government, Education, Manufacturing, 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:
- Samsung
- Western Digital)
- Intel Corporation
- Dell EMC
- Hewlett Packard Enterprise
- Broadcom
- Micron Technology
- Cisco Systems
- Toshiba
- NetApp
- IBM
- Marvell
- Seagate Technology
- SK Hynix
- Renesas Electronics
Highlights of The NVM Express (Nonvolatile 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:
- Ethernet
- Fibre Channel
- InfiniBand
- By Application:
- BFSI
- Healthcare
- Energy
- Government
- Education
- Manufacturing
- 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 NVM Express (Nonvolatile 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?
NVM Express (Nonvolatile Memory Express) is a specification for a high-performance, low-latency memory bus. NVM Express provides an interface between systems and solid state drives (SSDs), allowing them to communicate with each other more easily. This allows SSDs to be used as fast storage for applications that require quick access times, such as gaming or video editing.
Some of the major companies in the nvm express (nonvolatile memory express) market are Samsung, Western Digital), Intel Corporation, Dell EMC, Hewlett Packard Enterprise, Broadcom, Micron Technology, Cisco Systems, Toshiba, NetApp, IBM, Marvell, Seagate Technology, SK Hynix, Renesas Electronics.
The nvm express (nonvolatile memory express) market is expected to register a CAGR of 16.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 NVM Express (Nonvolatile Memory Express) Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 NVM Express (Nonvolatile Memory Express) Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 NVM Express (Nonvolatile Memory Express) Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the NVM Express (Nonvolatile Memory Express) Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global NVM Express (Nonvolatile Memory Express) Market Size & Forecast, 2018-2028 4.5.1 NVM Express (Nonvolatile Memory Express) Market Size and Y-o-Y Growth 4.5.2 NVM Express (Nonvolatile Memory Express) Market Absolute $ Opportunity
Chapter 5 Global NVM Express (Nonvolatile Memory Express) Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 NVM Express (Nonvolatile Memory Express) Market Size Forecast by Type
5.2.1 Ethernet
5.2.2 Fibre Channel
5.2.3 InfiniBand
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global NVM Express (Nonvolatile Memory Express) Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 NVM Express (Nonvolatile Memory Express) Market Size Forecast by Applications
6.2.1 BFSI
6.2.2 Healthcare
6.2.3 Energy
6.2.4 Government
6.2.5 Education
6.2.6 Manufacturing
6.2.7 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global NVM Express (Nonvolatile Memory Express) Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 NVM Express (Nonvolatile Memory Express) Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America NVM Express (Nonvolatile Memory Express) Analysis and Forecast
9.1 Introduction
9.2 North America NVM Express (Nonvolatile Memory Express) Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America NVM Express (Nonvolatile Memory Express) Market Size Forecast by Type
9.6.1 Ethernet
9.6.2 Fibre Channel
9.6.3 InfiniBand
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America NVM Express (Nonvolatile Memory Express) Market Size Forecast by Applications
9.10.1 BFSI
9.10.2 Healthcare
9.10.3 Energy
9.10.4 Government
9.10.5 Education
9.10.6 Manufacturing
9.10.7 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe NVM Express (Nonvolatile Memory Express) Analysis and Forecast
10.1 Introduction
10.2 Europe NVM Express (Nonvolatile Memory Express) Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe NVM Express (Nonvolatile Memory Express) Market Size Forecast by Type
10.6.1 Ethernet
10.6.2 Fibre Channel
10.6.3 InfiniBand
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe NVM Express (Nonvolatile Memory Express) Market Size Forecast by Applications
10.10.1 BFSI
10.10.2 Healthcare
10.10.3 Energy
10.10.4 Government
10.10.5 Education
10.10.6 Manufacturing
10.10.7 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific NVM Express (Nonvolatile Memory Express) Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific NVM Express (Nonvolatile Memory Express) Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific NVM Express (Nonvolatile Memory Express) Market Size Forecast by Type
11.6.1 Ethernet
11.6.2 Fibre Channel
11.6.3 InfiniBand
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific NVM Express (Nonvolatile Memory Express) Market Size Forecast by Applications
11.10.1 BFSI
11.10.2 Healthcare
11.10.3 Energy
11.10.4 Government
11.10.5 Education
11.10.6 Manufacturing
11.10.7 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America NVM Express (Nonvolatile Memory Express) Analysis and Forecast
12.1 Introduction
12.2 Latin America NVM Express (Nonvolatile Memory Express) Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America NVM Express (Nonvolatile Memory Express) Market Size Forecast by Type
12.6.1 Ethernet
12.6.2 Fibre Channel
12.6.3 InfiniBand
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America NVM Express (Nonvolatile Memory Express) Market Size Forecast by Applications
12.10.1 BFSI
12.10.2 Healthcare
12.10.3 Energy
12.10.4 Government
12.10.5 Education
12.10.6 Manufacturing
12.10.7 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) NVM Express (Nonvolatile Memory Express) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) NVM Express (Nonvolatile Memory Express) Market Size 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 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) NVM Express (Nonvolatile Memory Express) Market Size Forecast by Type
13.6.1 Ethernet
13.6.2 Fibre Channel
13.6.3 InfiniBand
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) NVM Express (Nonvolatile Memory Express) Market Size Forecast by Applications
13.10.1 BFSI
13.10.2 Healthcare
13.10.3 Energy
13.10.4 Government
13.10.5 Education
13.10.6 Manufacturing
13.10.7 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 NVM Express (Nonvolatile Memory Express) Market: Competitive Dashboard
14.2 Global NVM Express (Nonvolatile Memory Express) Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Samsung
14.3.2 Western Digital)
14.3.3 Intel Corporation
14.3.4 Dell EMC
14.3.5 Hewlett Packard Enterprise
14.3.6 Broadcom
14.3.7 Micron Technology
14.3.8 Cisco Systems
14.3.9 Toshiba
14.3.10 NetApp
14.3.11 IBM
14.3.12 Marvell
14.3.13 Seagate Technology
14.3.14 SK Hynix
14.3.15 Renesas Electronics