Global Forecast to 2025 on the Non-volatile Memory Express (NVMe) Market - CAGR of 29.7% Expected During the Forecast Period -

DUBLIN--()--The "Non-volatile Memory Express (NVMe) Market by Product (SSDs, Servers, All-flash Arrays, Adapters), Deployment Location (On-premise, Remote, Hybrid), Communication Standard (Ethernet, Fibre Channel, InfiniBand), Vertical, and Region - Global Forecast to 2025" report has been added to's offering.

The global NVMe market size is projected to grow from USD 44.6 billion in 2020 to USD 163.5 billion by 2025; it is expected to grow at a CAGR of 29.7% from 2020 to 2025.

Growing adoption of NVMe in big data, IoT, artificial intelligence, blockchain, and end-to-end NVMe-over-Fabrics present growth opportunities for the NVMe industry. However, performance problems associated with storage software inhibit the growth of the market. Furthermore, issues related to data integrity and data protection, and the high cost of NVMe act as challenges for the growth of the market.

The SSDs segment is expected to account for the largest size of the NVMe industry during the forecast period

NVMe SSDs hold the largest market because they are widely adopted as a storage solution in most of the verticals. This widespread adoption is mainly due to the benefits provided by NVMe SSDs. SSDs were introduced into the market as a storage device that provides faster read/write operations and reduced latency compared with HDDs. NVMe is an interface that was specifically designed for SSDs, and NVMe SSDs were introduced to provide better data storage and processing operations, and the lowest latency possible when compared with HDDs and traditional SSDs (SATA and SAS). Due to these benefits, SSDs hold the largest market share in the NVMe market.

The Ethernet segment of the market is projected to grow at the highest CAGR from 2020 to 2025

Ethernet is widely accepted because it is a popular communication standard and is made available by several enterprise storage vendors. Enterprise and data centers that use applications involving systems and storage in a network to communicate and exchange data prefer Ethernet for the benefits it provides. Therefore, this segment will grow at the highest rate.

The BFSI segment held the largest size of the NVMe market in 2019

The BFSI vertical mainly offer customer-centric services. The adoption of digital platforms in this vertical is growing, which is expected to create huge amounts of digital data. Also, this vertical requires high security and should adhere to regulatory compliances. NVMe-based products such as SSDs, storage arrays, compatible servers, and other storage solutions are gaining traction in this vertical. This is majorly due to the reliable performance and features such as rapid data processing in terms of storage and retrieval with very low latency. Such features and benefits are increasing the adoption of NVMe in BFSI.

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

4.1 Opportunities in NVMe Market

4.2 NVMe Market for SSDS, By Vertical, 2017-2025 (USD Million)

4.3 APAC NVMe Market, By Vertical and Country

4.4 NVMe Market for BFSI, By Region, 2017-2025 (USD Billion)

4.5 APAC NVMe Market, By Country

5 Market Overview

5.1 Introduction

5.2 Market Dynamics

5.2.1 Drivers 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 Significant Performance Advancements Offered By NVMe

5.2.2 Restraints Performance Problems Associated With Storage Software

5.2.3 Opportunities Growing Adoption of NVMe for Big Data, IoT, Artificial Intelligence, and Blockchain End-To-End NVMe Over Fabrics (NVMe-Of)

5.2.4 Challenges Issues Related to Data Integrity and Data Protection High Cost of NVMe

5.3 Value Chain Analysis

6 NVM Express Market, By Product

6.1 Introduction

6.2 Solid-State Drives (SSDS)

6.2.1 NVMe SSDS Projected to Hold Largest Share in NVMe Market 2.5 M.2 U.2 (SFF 8639) FHHL and HHHL

6.3 Adapters

6.3.1 Growth of Hyper-Converged Infrastructure is Expected to Lead to Increase in Adoption of NVMe Adapters

6.4 All-Flash Arrays

6.4.1 All-Flash Arrays to Grow at Highest CAGR During Forecast Period

6.5 Servers

6.5.1 Increased Enterprise, Data Center, and Hci Applications of NVMe Servers to Drive Growth of Servers Segment

6.6 Others (I/O Accelerator Blocks, Switches, and Controllers)

6.6.1 Other Products Segment to Grow Steadily Due to Increased Adoption of NVMe-Based Servers and Storage Solutions

7 NVM Express Market, By Communication Standard

7.1 Introduction

7.2 Ethernet

7.3 Fibre Channel

7.4 Infiniband

8 NVM Express Market, By Deployment Location

8.1 Introduction

8.2 On-Premise

8.3 Remote

8.4 Hybrid

9 NVM Express Market, By Vertical

9.1 Introduction

9.2 Banking, Financial Services, and Insurance (BFSI)

9.3 Consumer Goods & Retail

9.4 Telecommunications & Ites

9.5 Healthcare

9.6 Energy

9.7 Government

9.8 Education & Research

9.9 Media & Entertainment

9.10 Manufacturing

9.11 Business & Consulting

9.12 Others

10 Geographic Analysis

10.1 Introduction

10.2 North America

10.3 Europe

10.4 APAC

10.5 RoW

11 Competitive Landscape

11.1 Overview

11.2 Ranking Analysis

11.3 Competitive Scenario

11.3.1 Product Launches and Developments

11.3.2 Partnerships, Agreements, and Collaborations

11.3.3 Mergers and Acquisitions

11.4 Competitive Leadership Mapping

11.4.1 Visionary Leaders

11.4.2 Dynamic Differentiators

11.4.3 Innovators

11.4.4 Emerging Companies

12 Company Profiles

12.1 Key Companies

12.1.1 Intel

12.1.2 Western Digital

12.1.3 Samsung

12.1.4 Dell EMC

12.1.5 Hewlett Packard Enterprise (HPE)

12.1.6 Broadcom

12.1.7 Micron Technology

12.1.8 Cisco

12.1.9 Toshiba

12.1.10 Netapp

12.2 Right-To-Win

12.3 Other Key Companies

12.3.1 IBM

12.3.2 Microchip Technology

12.3.3 Marvell

12.3.4 Seagate Technology

12.3.5 SK Hynix

12.3.6 Renesas Electronics

12.3.7 Mellanox

12.3.8 Pure Storage

12.3.9 Supermicro

12.3.10 Huawei

For more information about this report visit

Laura Wood, Senior Press Manager
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900

Laura Wood, Senior Press Manager
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900