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Global Non-volatile Memory Express Market Size, Analysis: By Component: Hardware, Software; By Communication Standard: Ethernet, Fibre Channel, InfiniBand Network; By OS: Chrome OS, DragonFly BSD, Free BSD, Haiku, Illumos, iOS, Linux, Windows, Open BSD, Others; By Applications; Regional Analysis; Competitive Landscape; 2024-2032
Global Non-Volatile Memory Express (NVMe) Market Outlook
The global non-volatile memory express (NVMe) market attained a value of around USD 49.01 billion in 2023. The market is further expected to grow in the forecast period of 2024-2032 at a CAGR of almost 26% to reach USD 392.14 billion by 2032.
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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.
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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
- Hardware
- 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.
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Global Non-Volatile Memory Express (NVMe) 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.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Component |
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| Breakup by Communication Standard |
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| Breakup by OS |
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| Breakup by Applications |
|
| Breakup by Region |
|
| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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| 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 Opportunities and Challenges in the Market
8 Global Non-Volatile Memory Express Market Analysis
8.1 Key Industry Highlights
8.2 Global Non-Volatile Memory Express Historical Market (2018-2023)
8.3 Global Non-Volatile Memory Express Market Forecast (2024-2032)
8.4 Global Non-Volatile Memory Express Market by Component
8.4.1 Hardware
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.1.3 Breakup by Type
8.4.1.3.1 SSD
8.4.1.3.2 AIC
8.4.1.3.3 QAT
8.4.1.3.4 Storage Server
8.4.1.3.5 NVMeoF Cards
8.4.1.3.6 PCIe Connections
8.4.1.3.7 Others
8.4.2 Software
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.5 Global Non-Volatile Memory Express Market by Communication Standard
8.5.1 Ethernet
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Fibre Channel
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 InfiniBand Network
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.6 Global Non-Volatile Memory Express Market by OS
8.6.1 Chrome OS
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 DragonFly BSD
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Free BSD
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.4 Haiku
8.6.4.1 Historical Trend (2018-2023)
8.6.4.2 Forecast Trend (2024-2032)
8.6.5 Illumos
8.6.5.1 Historical Trend (2018-2023)
8.6.5.2 Forecast Trend (2024-2032)
8.6.6 iOS
8.6.6.1 Historical Trend (2018-2023)
8.6.6.2 Forecast Trend (2024-2032)
8.6.7 Linux
8.6.7.1 Historical Trend (2018-2023)
8.6.7.2 Forecast Trend (2024-2032)
8.6.8 Windows
8.6.8.1 Historical Trend (2018-2023)
8.6.8.2 Forecast Trend (2024-2032)
8.6.9 Open BSD
8.6.9.1 Historical Trend (2018-2023)
8.6.9.2 Forecast Trend (2024-2032)
8.6.10 Others
8.7 Global Non-Volatile Memory Express Market by Applications
8.7.1 OLTP
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 OLAP
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.7.3 Cloud Services
8.7.3.1 Historical Trend (2018-2023)
8.7.3.2 Forecast Trend (2024-2032)
8.7.4 Caching
8.7.4.1 Historical Trend (2018-2023)
8.7.4.2 Forecast Trend (2024-2032)
8.7.5 Primary Storage
8.7.5.1 Historical Trend (2018-2023)
8.7.5.2 Forecast Trend (2024-2032)
8.7.6 Data Virtualization
8.7.6.1 Historical Trend (2018-2023)
8.7.6.2 Forecast Trend (2024-2032)
8.7.7 Others
8.8 Global Non-Volatile Memory Express Market by Region
8.8.1 North America
8.8.2 Europe
8.8.3 Asia Pacific
8.8.4 Latin America
8.8.5 Middle East and Africa
9 Regional Analysis
9.1 North America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
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 (2018-2023)
9.2.2 Forecast Trend (2024-2032)
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 (2018-2023)
9.3.2 Forecast Trend (2024-2032)
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 (2018-2023)
9.4.2 Forecast Trend (2024-2032)
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 (2018-2023)
9.5.2 Forecast Trend (2024-2032)
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 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Non-Volatile Memory Express Market: Key Industry Highlights, 2018 and 2032
2. Global Non-Volatile Memory Express Historical Market: Breakup by Component (USD Billion), 2018-2023
3. Global Non-Volatile Memory Express Market Forecast: Breakup by Component (USD Billion), 2024-2032
4. Global Non-Volatile Memory Express Historical Market: Breakup by Communication Standard (USD Billion), 2018-2023
5. Global Non-Volatile Memory Express Market Forecast: Breakup by Communication Standard (USD Billion), 2024-2032
6. Global Non-Volatile Memory Express Historical Market: Breakup by OS (USD Billion), 2018-2023
7. Global Non-Volatile Memory Express Market Forecast: Breakup by OS (USD Billion), 2024-2032
8. Global Non-Volatile Memory Express Historical Market: Breakup by Application (USD Billion), 2018-2023
9. Global Non-Volatile Memory Express Market Forecast: Breakup by Application (USD Billion), 2024-2032
10. Global Non-Volatile Memory Express Historical Market: Breakup by Region (USD Billion), 2018-2023
11. Global Non-Volatile Memory Express Market Forecast: Breakup by Region (USD Billion), 2024-2032
12. North America Non-Volatile Memory Express Historical Market: Breakup by Country (USD Billion), 2018-2023
13. North America Non-Volatile Memory Express Market Forecast: Breakup by Country (USD Billion), 2024-2032
14. Europe Non-Volatile Memory Express Historical Market: Breakup by Country (USD Billion), 2018-2023
15. Europe Non-Volatile Memory Express Market Forecast: Breakup by Country (USD Billion), 2024-2032
16. Asia Pacific Non-Volatile Memory Express Historical Market: Breakup by Country (USD Billion), 2018-2023
17. Asia Pacific Non-Volatile Memory Express Market Forecast: Breakup by Country (USD Billion), 2024-2032
18. Latin America Non-Volatile Memory Express Historical Market: Breakup by Country (USD Billion), 2018-2023
19. Latin America Non-Volatile Memory Express Market Forecast: Breakup by Country (USD Billion), 2024-2032
20. Middle East and Africa Non-Volatile Memory Express Historical Market: Breakup by Country (USD Billion), 2018-2023
21. Middle East and Africa Non-Volatile Memory Express Market Forecast: Breakup by Country (USD Billion), 2024-2032
22. Global Non-Volatile Memory Express Market Structure
Key Questions Answered in the Report
In 2023, the global non-volatile memory express (NVMe) market attained a value of nearly USD 49.01 billion.
The market is projected to grow at a CAGR of 26% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach nearly USD 392.14 billion by 2032.
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.
The key trends guiding the market are rapid digitisation and the increasing demand for efficient data storage solutions.
The major regions in the market are North America, Latin America, Europe, the Middle East and Africa, and the Asia Pacific.
The significant components of the product include hardware and software.
The major communication standards of non-volatile memory express considered in the market report include ethernet, fibre channel, and InfiniBand network.
The major segments, on the basis of OS, in the market include Chrome OS, DragonFly BSD, Free BSD, Haiku, Illumos, iOS, Linux, Windows, and Open BSD, among others.
The different applications of non-volatile memory express include OLTP, OLAP, cloud services, caching, primary storage, and data virtualisation, among others.
The major market players include Samsung Electronics Co., Ltd., Western Digital Corporation, Intel Corporation, and Broadcom Inc., among others.
Analyst Review
The global non-volatile memory express (NVMe) market attained a value of USD 49.01 billion in 2023, 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 2024-2032, 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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