The Non-volatile Memory Express (NVMe) Market by Product, Deployment Location, Communication Standard, Vertical, and Region - Global Forecast to 2025, the Non-volatile Memory Express (NVMe) market is expected to develop significantly. As per the report's forecasts, the NVMe market is anticipated to have significant growth, with a projected value of USD 163.5 billion by 2025, up from USD 44.6 billion in 2020. During the predicted period from 2020 to 2025, this growth trajectory implies a substantial Compound Annual Growth Rate (CAGR) of 29.7%.

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The rapidly growing Non-volatile Memory Express (NVMe) market is mainly driven by a number of important factors. The rapid uptake of NVMe technology in a variety of hardware components, including as servers, storage appliances, and solid-state drives (SSDs), is one such factor. This adoption is a result of the requirement for fast data processing and storage solutions to keep up with the exponential rise in data generation across all industries. Furthermore, in order to fulfil the increasing expectations for performance, efficiency, and scalability, modern technologies like NVMe are required in the ever-changing environment of data processing and storage infrastructure. Because of its intrinsic benefits—like lower latency, higher throughput, and better I/O operations—NVMe is the storage solution of choice for progressive enterprises.

All-flash arrays segment of NVMe market projected to grow at highest CAGR during forecast period

The Non-volatile Memory Express (NVMe) Market has experienced exponential growth due to the growing usage of NVMe-based all-flash arrays in data centres and corporations. These arrays combine flash memory with NVMe technology to provide a potent mix of efficiency and performance for tasks requiring a lot of storage. The smooth integration of NVMe-based storage arrays with a variety of virtualization platforms and operating systems is one of their main benefits. Smooth deployment and maintenance are made possible by NVMe-based arrays' strong support from drivers including Linux kernel, vSphere, and Windows 8, which provide compatibility and interoperability across a wide range of IT systems.

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InfiniBand expected to grow at second-highest CAGR during forecast period

High-performance computing (HPC) environments continue to favour InfiniBand as their preferred communication standard due to its extraordinary speed and scalability. For data-intensive computing operations, InfiniBand is a dependable server connectivity solution that provides strong support for quality of service (QoS) and failover capabilities. The widespread adoption of High Performance Computing (HPC) applications in diverse industries highlights the growing dependence on InfiniBand for fast data transfer and low-latency communication in clustered computing settings. InfiniBand is predicted to become a major communication standard as more organisations use HPC resources to support research, innovation, and simulation-driven workflows.

Healthcare vertical of NVMe market to grow at highest CAGR during forecast period

The need for NVMe-based data storage solutions is growing in the healthcare industry, mostly due to the expansion of scientific research, the spread of wearable health monitoring equipment, and improvements in data analytics. The healthcare industry's researchers are entrusted with analysing enormous amounts of data, therefore effective administration, storage, and access to this data has become critical. Data storage systems that can handle the massive volume of data being generated by wearable devices and patient records that include emails, back-office activities, and tracking data are desperately needed.

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NVMe market in RoW projected to grow at highest CAGR from 2020 to 2025

Due to increased expenditures in state-of-the-art storage solutions by telecom carriers and financial institutions, the NVMe market is expanding significantly throughout the Middle East and Africa. The energy sector is steadily growing, especially in the Middle East, which offers substantial growth opportunities for industry participants in the area. The Middle East's oil and gas industry, which is among the top producers in the world, mostly depends on cutting-edge data processing, computing, and storage technologies to evaluate large amounts of seismic data. As a result, to handle this expanding data landscape, there is a growing need for advanced data storage solutions.

Non-volatile Memory Express (NVMe) Companies:

Samsung Electronics Co., Ltd. (Samsung) (South Korea),
Western Digital Corporation (Western Digital) (US),
Intel Corporation (Intel) (US),
Dell EMC (US),
Hewlett Packard Enterprise (HPE) (US),
Broadcom Inc. (Broadcom) (US),
Micron Technology, Inc. (Micron Technology) (US),
Cisco Systems, Inc. (Cisco) (US),
Toshiba Corporation (Toshiba) (Japan),
NetApp, Inc. (NetApp) (US).

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