Reports

Non-Volatile Memory Express (NVMe) Market

Global Non-Volatile Memory Express Market: By Component: Hardware, Software; By Communication Standard: Ethernet, Fibre Channel, InfiniBand Network; By OS: Chrome OS, Others; By Applications; Regional Analysis; Historical Market and Forecast (2018-2028); Market Dynamics; Competitive Landscape; Industry Events and Developments

Global Non-Volatile Memory Express (NVMe) Market Outlook

The global non-volatile memory express (NVMe) market attained a value of around USD 38.9 billion in 2022. The market is further expected to grow in the forecast period of 2023-2028 at a CAGR of almost 26% to reach USD 155.58 billion by 2028.      

 

Global Non-Volatile Memory Express (NVMe) Market

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The global non-volatile memory express industry is being driven by the growing digitalisation and the increased need to manage and store data efficiently. NVMe facilitates quick and efficient access to SSDs (solid-state drive/storage device) and, thus, has become the preferred interface for storage among enterprises.

 

Properties and Applications

Non-volatile memory express or NVMe refers to a host controller interface and storage protocol, developed in order to enhance data transfer service between client and enterprise systems and solid-state drives (SSDs), and accessing non-volatile storage media attached over a computer's high-speed Peripheral Component Interconnect Express (PCIe) bus.

 

Global Non-Volatile Memory Express (NVMe) Market Communication Standard

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The global non-volatile memory express market can be divided based on segments like components, communication standards, OS, applications, and regions.

  • Component:
    • Hardware
      • SSD
      • AIC
      • QAT
      • Storage Server
      • NVMeoF Cards
      • PCIe Connections
      • Others 
    • Software
  • Communication Standard:
    • Ethernet
    • Fibre Channel
    • InfiniBand Network
  • OS:
    • Chrome OS
    • DragonFly BSD
    • Free BSD
    • Haiku
    • Illumos
    • iOS
    • Linux
    • Windows
    • Open BSD
    • Others
  • Applications:
    • OLTP
    • OLAP
    • Cloud Services
    • Caching
    • Primary Storage 
    • Data Virtualization
    • Others

The EMR report looks into the regional non-volatile memory express markets like North America, Latin America, Europe, the Middle East and Africa, and the Asia Pacific.

 

Global Non-Volatile Memory Express (NVMe) Market By Region

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Market Analysis

The growing demand to facilitate high-speed data transmission, consistent modifications in the specifications, and the growing digitalisation in enterprises has resulted in the increased demand for non-volatile memory express, thus, aiding the growth of the industry. The increased adoption of cloud-hosting services is influencing manufacturers to further develop this technology to enhance data transmission, which is likely to aid the industry over the forecast period. The deployment of NVMe from niche to mainstream business has increased in the past few years, which is expected to boost the industry growth in the future.

The Asia Pacific is expected to witness the fastest growth rate over the forecast period due to the growing need for enterprises to optimise their business processes with rapid industrialisation in the region. Within the Asia Pacific, China and India have witnessed a massive growth in the number of smartphone users, which will aid the industry growth in the region over the forecast period.

 

Competitive Landscape

The report presents a detailed analysis of the following key players in the global non-volatile memory express market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:

  • Samsung Electronics Co., Ltd.
  • Western Digital Corporation
  • Intel Corporation
  • Broadcom Inc.
  • Others 

The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter's Five Forces model.

 

REPORT FEATURES DETAILS
Base Year 2022
Historical Period 2018-2022
Forecast Period 2023-2028
Scope of the Report Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Component, Communication Standard, OS, Applications, Region
Breakup by Component Hardware, Software
Breakup by Communication Standard Ethernet, Fibre Channel, InfiniBand Network
Breakup by OS Chrome OS, DragonFly BSD, Free BSD, Haiku, Illumos, iOS, Linux, Windows, Open BSD, Others
Breakup by Applications OLTP, OLAP, Cloud Services, Caching, Primary Storage, Data Virtualization, Others
Breakup by Region North America, Europe, Asia Pacific, Latin America, Middle East and Africa
Market Dynamics SWOT, Porter's Five Forces, Key Indicators for Price and Demand
Competitive Landscape Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications
Companies Covered Samsung Electronics Co., Ltd., Western Digital Corporation, Intel Corporation, Broadcom Inc., Others
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

 

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description
    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary
    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global
    6.2    Regional
7    Industry Opportunities and Challenges
8    Global Non-Volatile Memory Express Market Analysis
    8.1    Key Industry Highlights
    8.2    Global Non-Volatile Memory Express Historical Market (2018-2022) 
    8.3    Global Non-Volatile Memory Express Market Forecast (2023-2028)
    8.4    Global Non-Volatile Memory Express Market by Component
        8.4.1    Hardware
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2018-2022)
            8.4.1.3    Forecast Trend (2023-2028)
            8.4.1.4    Breakup by Type
                8.4.1.4.1    SSD
                8.4.1.4.2    AIC
                8.4.1.4.3    QAT
                8.4.1.4.4    Storage Server
                8.4.1.4.5    NVMeoF Cards
                8.4.1.4.6    PCIe Connections
                8.4.1.4.7    Others
        8.4.2    Software
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2018-2022)
            8.4.2.3    Forecast Trend (2023-2028)
    8.5    Global Non-Volatile Memory Express Market by Communication Standard
        8.5.1    Ethernet
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2018-2022)
            8.5.1.3    Forecast Trend (2023-2028)
        8.5.2    Fibre Channel
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2018-2022)
            8.5.2.3    Forecast Trend (2023-2028)
        8.5.3    InfiniBand Network
            8.5.3.1    Market Share
            8.5.3.2    Historical Trend (2018-2022)
            8.5.3.3    Forecast Trend (2023-2028)
    8.6    Global Non-Volatile Memory Express Market by OS
        8.6.1    Chrome OS
            8.6.1.1    Market Share
            8.6.1.2    Historical Trend (2018-2022)
            8.6.1.3    Forecast Trend (2023-2028)
        8.6.2    DragonFly BSD
            8.6.2.1    Market Share
            8.6.2.2    Historical Trend (2018-2022)
            8.6.2.3    Forecast Trend (2023-2028)
        8.6.3    Free BSD
            8.6.3.1    Market Share
            8.6.3.2    Historical Trend (2018-2022)
            8.6.3.3    Forecast Trend (2023-2028)
        8.6.4    Haiku
            8.6.4.1    Market Share
            8.6.4.2    Historical Trend (2018-2022)
            8.6.4.3    Forecast Trend (2023-2028)
        8.6.5    Illumos
            8.6.5.1    Market Share
            8.6.5.2    Historical Trend (2018-2022)
            8.6.5.3    Forecast Trend (2023-2028)
        8.6.6    iOS
            8.6.6.1    Market Share
            8.6.6.2    Historical Trend (2018-2022)
            8.6.6.3    Forecast Trend (2023-2028)
        8.6.7    Linux
            8.6.7.1    Market Share
            8.6.7.2    Historical Trend (2018-2022)
            8.6.7.3    Forecast Trend (2023-2028)
        8.6.8    Windows
            8.6.8.1    Market Share
            8.6.8.2    Historical Trend (2018-2022)
            8.6.8.3    Forecast Trend (2023-2028)
        8.6.9    Open BSD
            8.6.9.1    Market Share
            8.6.9.2    Historical Trend (2018-2022)
            8.6.9.3    Forecast Trend (2023-2028)
        8.6.10    Others
    8.7    Global Non-Volatile Memory Express Market by Applications
        8.7.1    OLTP
            8.7.1.1    Market Share
            8.7.1.2    Historical Trend (2018-2022)
            8.7.1.3    Forecast Trend (2023-2028)
        8.7.2    OLAP
            8.7.2.1    Market Share
            8.7.2.2    Historical Trend (2018-2022)
            8.7.2.3    Forecast Trend (2023-2028)
        8.7.3    Cloud Services
            8.7.3.1    Market Share
            8.7.3.2    Historical Trend (2018-2022)
            8.7.3.3    Forecast Trend (2023-2028)
        8.7.4    Caching
            8.7.4.1    Market Share
            8.7.4.2    Historical Trend (2018-2022)
            8.7.4.3    Forecast Trend (2023-2028)
        8.7.5    Primary Storage
            8.7.5.1    Market Share
            8.7.5.2    Historical Trend (2018-2022)
            8.7.5.3    Forecast Trend (2023-2028)
        8.7.6    Data Virtualization 
            8.7.6.1    Market Share
            8.7.6.2    Historical Trend (2018-2022)
            8.7.6.3    Forecast Trend (2023-2028)
        8.7.7    Others
    8.8    Global Non-Volatile Memory Express Market by Region
        8.8.1    Market Share
            8.8.1.1    North America
            8.8.1.2    Europe
            8.8.1.3    Asia Pacific
            8.8.1.4    Latin America
            8.8.1.5    Middle East and Africa
9    Regional Analysis
    9.1    North America
        9.1.1    Historical Trend (2018-2022)
        9.1.2    Forecast Trend (2023-2028)
        9.1.3    Breakup by Country
            9.1.3.1    United States of America 
            9.1.3.2    Canada
    9.2    Europe
        9.2.1    Historical Trend (2018-2022)
        9.2.2    Forecast Trend (2023-2028)
        9.2.3    Breakup by Country
            9.2.3.1    United Kingdom
            9.2.3.2    Germany
            9.2.3.3    France
            9.2.3.4    Italy
            9.2.3.5    Others
    9.3    Asia Pacific
        9.3.1    Historical Trend (2018-2022)
        9.3.2    Forecast Trend (2023-2028)
        9.3.3    Breakup by Country
            9.3.3.1    China
            9.3.3.2    Japan
            9.3.3.3    India
            9.3.3.4    ASEAN
            9.3.3.5    Australia
            9.3.3.6    Others
    9.4    Latin America
        9.4.1    Historical Trend (2018-2022)
        9.4.2    Forecast Trend (2023-2028)
        9.4.3    Breakup by Country
            9.4.3.1    Brazil
            9.4.3.2    Argentina
            9.4.3.3    Mexico
            9.4.3.4    Others
    9.5    Middle East and Africa
        9.5.1    Historical Trend (2018-2022)
        9.5.2    Forecast Trend (2023-2028)
        9.5.3    Breakup by Country
            9.5.3.1    Saudi Arabia
            9.5.3.2    United Arab Emirates
            9.5.3.3    Nigeria
            9.5.3.4    South Africa
            9.5.3.5    Others
10    Market Dynamics
    10.1    SWOT Analysis
        10.1.1    Strengths
        10.1.2    Weaknesses
        10.1.3    Opportunities
        10.1.4    Threats
    10.2    Porter’s Five Forces Analysis
        10.2.1    Supplier’s Power
        10.2.2    Buyer’s Power
        10.2.3    Threat of New Entrants
        10.2.4    Degree of Rivalry
        10.2.5    Threat of Substitutes
    10.3    Key Indicators for Demand
    10.4    Key Indicators for Price
11    Value Chain Analysis 
12    Competitive Landscape
    12.1    Market Structure
    12.2    Company Profiles
        12.2.1    Samsung Electronics Co., Ltd.
            12.2.1.1    Company Overview
            12.2.1.2    Product Portfolio
            12.2.1.3    Demographic Reach and Achievements
            12.2.1.4    Certifications
        12.2.2    Western Digital Corporation 
            12.2.2.1    Company Overview
            12.2.2.2    Product Portfolio
            12.2.2.3    Demographic Reach and Achievements
            12.2.2.4    Certifications
        12.2.3    Intel Corporation
            12.2.3.1    Company Overview
            12.2.3.2    Product Portfolio
            12.2.3.3    Demographic Reach and Achievements
            12.2.3.4    Certifications
        12.2.4    Broadcom Inc. 
            12.2.4.1    Company Overview
            12.2.4.2    Product Portfolio
            12.2.4.3    Demographic Reach and Achievements
            12.2.4.4    Certifications
        12.2.5    Others
13    Industry Events and Developments


List of Key Figures and Tables

1.    Global Non-Volatile Memory Express Market: Key Industry Highlights, 2018 and 2028 
2.    Global Non-Volatile Memory Express Historical Market: Breakup by Component (USD Billion), 2018-2022
3.    Global Non-Volatile Memory Express Market Forecast: Breakup by Component (USD Billion), 2023-2028
4.    Global Non-Volatile Memory Express Historical Market: Breakup by Communication Standard (USD Billion), 2018-2022
5.    Global Non-Volatile Memory Express Market Forecast: Breakup by Communication Standard (USD Billion), 2023-2028
6.    Global Non-Volatile Memory Express Historical Market: Breakup by OS (USD Billion), 2018-2022
7.    Global Non-Volatile Memory Express Market Forecast: Breakup by OS (USD Billion), 2023-2028
8.    Global Non-Volatile Memory Express Historical Market: Breakup by Application (USD Billion), 2018-2022
9.    Global Non-Volatile Memory Express Market Forecast: Breakup by Application (USD Billion), 2023-2028
10.    Global Non-Volatile Memory Express Historical Market: Breakup by Region (USD Billion), 2018-2022
11.    Global Non-Volatile Memory Express Market Forecast: Breakup by Region (USD Billion), 2023-2028
12.    North America Non-Volatile Memory Express Historical Market: Breakup by Country (USD Billion), 2018-2022
13.    North America Non-Volatile Memory Express Market Forecast: Breakup by Country (USD Billion), 2023-2028
14.    Europe Non-Volatile Memory Express Historical Market: Breakup by Country (USD Billion), 2018-2022
15.    Europe Non-Volatile Memory Express Market Forecast: Breakup by Country (USD Billion), 2023-2028
16.    Asia Pacific Non-Volatile Memory Express Historical Market: Breakup by Country (USD Billion), 2018-2022
17.    Asia Pacific Non-Volatile Memory Express Market Forecast: Breakup by Country (USD Billion), 2023-2028
18.    Latin America Non-Volatile Memory Express Historical Market: Breakup by Country (USD Billion), 2018-2022
19.    Latin America Non-Volatile Memory Express Market Forecast: Breakup by Country (USD Billion), 2023-2028
20.    Middle East and Africa Non-Volatile Memory Express Historical Market: Breakup by Country (USD Billion), 2018-2022
21.    Middle East and Africa Non-Volatile Memory Express Market Forecast: Breakup by Country (USD Billion), 2023-2028
22.    Global Non-Volatile Memory Express Market Structure

Key Questions Answered in the Report

What was the global non-volatile memory express (NVMe) market size in 2022?

In 2022, the global non-volatile memory express (NVMe) market attained a value of nearly USD 38.9 billion.

What is the growth rate of the market?

The market is projected to grow at a CAGR of 26% between 2023 and 2028.

What are the major industry drivers?

The increasing product demand across various industries, rising usage of cloud-hosting services, heightened demand for high-speed data transmission, and the increased adoption of NVMe across mainstream businesses are driving the market.

What are the key industry trends of the global non-volatile memory express market?

The key industry trends driving the market are the rapid digitisation and the increased demand for efficient data storage solutions.

What are the major regional markets of non-volatile memory express (NVMe), according to the EMR report?

The major regions in the industry are North America, Latin America, Europe, the Middle East and Africa, and the Asia Pacific.

What are the significant components of the product?

The significant components include hardware and software.

What are the significant market divisions, based on communication standard, considered within the market report?

The significant divisions, based on communication standard, include ethernet, fibre channel, and InfiniBand network.

What are the major segments considered within the market report, on the basis of OS?

The major segments, on the basis of OS, include Chrome OS, DragonFly BSD, Free BSD, Haiku, Illumos, iOS, Linux, Windows, Open BSD, and others.

What are the different applications of the product?

The different applications include OLTP, OLAP, cloud services, caching, primary storage, data virtualisation, and others.

Who are the key industry players, according to the report?

The major players in the industry are Samsung Electronics Co., Ltd., Western Digital Corporation, Intel Corporation, Broadcom Inc., and others.

Analyst Review

The global non-volatile memory express (NVMe) market attained a value of USD 38.9 billion in 2022, driven by the expanding digitisation Aided by the growing technological advancements, the market is expected to witness a further growth in the forecast period of 2023-2028, growing at a CAGR of 26%.

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on component, the global non-volatile memory express industry can be segmented into hardware and software. By communication standard, the market can be segregated into ethernet, fibre channel, and InfiniBand network. Based on OS, the industry is divided into Chrome OS, DragonFly BSD, Free BSD, Haiku, Illumos, iOS, Linux, Windows, Open BSD, and others. On the basis of application, the various classifications include OLTP, OLAP, cloud services, caching, primary storage, data virtualisation, and others. The major regional markets for non-volatile memory express are North America, Latin America, Europe, the Middle East and Africa, and the Asia Pacific. The key players in the above market include Samsung Electronics Co., Ltd., Western Digital Corporation, Intel Corporation, Broadcom Inc., and others.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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