Global Non-Volatile Memory Express (NVMe) Industry

Global Non-Volatile Memory Express (NVMe) Industry

  • April 2021 •
  • 180 pages •
  • Report ID: 6032351 •
  • Format: PDF
Abstract:
- Global Non-Volatile Memory Express (NVMe) Market to Reach $228 Billion by 2027
- Amid the COVID-19 crisis, the global market for Non-Volatile Memory Express (NVMe) estimated at US$43.2 Billion in the year 2020, is projected to reach a revised size of US$228 Billion by 2027, growing at a CAGR of 26.8% over the analysis period 2020-2027. Solid-State Drives, one of the segments analyzed in the report, is projected to record a 27.5% CAGR and reach US$104.2 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Adapters segment is readjusted to a revised 26.1% CAGR for the next 7-year period.
- The U.S. Market is Estimated at $13 Billion, While China is Forecast to Grow at 26.1% CAGR
- The Non-Volatile Memory Express (NVMe) market in the U.S. is estimated at US$13 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$39.2 Billion by the year 2027 trailing a CAGR of 26.1% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 23.9% and 22.9% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 18.8% CAGR.
- All-Flash Arrays Segment to Record 29.5% CAGR
- In the global All-Flash Arrays segment, USA, Canada, Japan, China and Europe will drive the 29.4% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$6.4 Billion in the year 2020 will reach a projected size of US$39 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$27 Billion by the year 2027.

- Select Competitors (Total 36 Featured) -
  • Broadcom
  • Cisco
  • Dell Inc.
  • Excelero, Kingston Technology Europe Co LLP
  • IBM Corporation
  • Intel Corporation
  • Lenovo
  • Marvell
  • Micron Technology, Inc.
  • Microsemi
  • NetApp
  • Oracle
  • Pure Storage, Inc.
  • Samsung
  • Toshiba Memory Corporation
  • Western Digital Corporation