NVMe (nonvolatile memory express) Market 2021 Size, Growth Analysis Report, Forecast to 2027

The global non-volatile memory express (NVMe) market size is projected to grow from USD 44.6 billion in 2020 to USD 163.5 billion by 2025; it is projected to grow at a CAGR of 29% from 2021 to 2027. The major factors driving the growth of the market include the increasing adoption of NVMe technologies in SSDs, servers, and storage appliances; exponential rise in data generation and evolving demand for data storage and processing infrastructure and significant performance advancements offered by NVMe.

 

Market Segmentation

Based on Product:

• Solid-state Drives (SSDs)
• Adapters
• All-flash Arrays
• Servers
• Others

Based on Communication Standard:

• Ethernet
• Fibre Channel
• InfiniBand

Based on deployment location:

• On-premise
• Remote
• Hybrid

Based on vertical:

• Banking, Financial Services, and Insurance (BFSI)
• Consumer Goods & Retail
• Telecommunications & ITeS
• Healthcare
• Energy
• Government
• Education & Research
• Media & Entertainment
• Manufacturing
• Business & Consulting
• Others

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