Non-volatile Memory Express (NVMe) Market

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 Code: SE 7530 Feb, 2020, by marketsandmarkets.com

[132 Pages Report] 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 29.7% from 2020 to 2025. 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.

Non-volatile Memory Express (NVMe) Market

NVMe SSDs projected to hold largest share in NVMe market during forecast period

NVMe SSDs hold the largest market because they are adopted widely 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 designed specifically 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 share of the non-volatile memory express market.

Hybrid deployments expected to grow at highest CAGR during forecast period

A hybrid system is a combination of both on-premise and remote deployments, where active data are stored in the on-premise system, and inactive data are shifted to remote location-based systems. This is also known as disaster recovery management. The adoption of hybrid deployment model is increasing as companies need to keep a backup of the crucial data in case any mishap happens on the premise. This type of deployment comprises the advantages and disadvantages of both on-premise and remote deployments. Hybrid NVMe servers and storage solutions are opted by enterprises that want to leverage the benefits provided by other deployment types while keeping the capital expenditure lesser than on-premise deployment.

Non-volatile Memory Express (NVMe) Market

North America held largest size of NVMe market in 2019

North America, being an early adopter of advanced data storage technologies, captures the largest share of the NVMe market, followed by Europe and APAC. Every industry in North America is being digitized and demands advanced data storage solutions. North America is a key market for notebooks, laptops, and tablets. The dynamics of computing have changed for the developers of notebooks, tablets, and laptops in this region, with more emphasis on saving the time of consumers by speeding up data transfer. Hence, there has been a strong push for using NVMe SSDs in these devices to save time, speed up data transfer, and achieve high performance levels. Moreover, the US is home to leading data storage companies such as Dell, NetApp, HPE, Hitachi, Western Digital, and Intel.

Key Market Players

Key players in the NVMe market include Samsung Electronics Co., Ltd. (Samsung) (South Korea), Western Digital Corporation (Western Digital) (US), Intel Corporation (Intel) (US), Dell EMC (US), and Hewlett Packard Enterprise (HPE) (US).

Intel is a leading player in the global NVMe market. It has adopted a virtuous cycle of growth, which enables the expansion of memory, cloud, data centers, and connected devices. The demand for data storage is increasing as a large number of components and devices are becoming increasingly connected to each other. This is being effectively addressed by the company’s advanced memory technologies and storage devices solutions. To be technologically competitive, the company invests mainly in R&D. For instance, in 2018, Intel invested approximately USD 13.5 billion in R&D. These R&D efforts help the company constantly upgrade and expand its portfolio of products and services, gain an edge over its competitors, and exploit new opportunities. In addition, Intel focuses on product launches as an effective strategy to expand its SSD business worldwide. For example, in February 2018, the company launched Intel SSD DC P4510 Series and P4511 Series for data center applications. In March 2018, the company launched the Intel Optane SSD 800P, which is available in the M.2 22890 form factor with NVMe PCIe 3.0 interface.

Report Scope

Report Metric

Details

Market size availability years

2017–2025

Base year

2019

Forecast period

2020–2025

Forecast units

Value (USD billion/million/thousand)

Covered segments

Product, communication standard, deployment location, vertical, and geography

Covered regions

North America, Europe, APAC, and RoW

Covered companies

Samsung Electronics Co., Ltd. (Samsung) (South Korea), Western Digital Corporation (Western Digital) (US), Intel Corporation (Intel) (US), Dell EMC (US), Hewlett Packard Enterprise (HPE) (US), Broadcom Inc. (Broadcom) (US), Micron Technology, Inc. (Micron Technology) (US), Cisco Systems, Inc. (Cisco) (US), Toshiba Corporation (Toshiba) (Japan), NetApp, Inc. (NetApp) (US), International Business Machines Corporation (IBM) (US), Microchip Technology Inc. (Microchip Technology) (US), Marvell Technology Group (Marvell) (US), Seagate Technology LLC (Seagate) (US), SK Hynix Inc. (SK Hynix) (South Korea), Renesas Electronics Corporation (Renesas Electronics) (Japan), Mellanox Technologies Ltd. (Mellanox) (Israel), Pure Storage, Inc. (Pure Storage) (US), Super Micro Computer, Inc. (Supermicro) (US), and Huawei Technologies Co., Ltd. (Huawei) (China)

NVMe Market Segmentation:

In this report, the NVMe market has been segmented into the following categories:

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

Based on Region:

  • North America
  • Europe
  • Asia Pacific (APAC)
  • Rest of the World (RoW)

Critical Questions the Report Answers:

  • Where are all these developments expected to take the NVMe industry in the mid- and long-term?
  • Which deployments are likely to be adopted globally in the coming years?
  • How are NVMe influencing various verticals?
  • What are the prevalent trends in the?
  • What are the key strategies adopted by leading companies in the NVMe market?

Frequently Asked Questions (FAQ):

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

Table of Contents

1 Introduction (Page No. - 20)
    1.1 Study Objectives
    1.2 Market Definition and Scope
           1.2.1 Inclusions and Exclusions
    1.3 Study Scope
           1.3.1 Markets Covered
           1.3.2 Geographic Scope
           1.3.3 Years Considered
    1.4 Currency
    1.5 Limitations
    1.6 Stakeholders

2 Research Methodology (Page No. - 23)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Primary Sources
                    2.1.2.2 Key Industry Insights
                    2.1.2.3 Breakdown of Primary Interviews
           2.1.3 Secondary and Primary Research
    2.2 Market Size Estimation
           2.2.1 Bottom-Up Approach
                    2.2.1.1 Approach for Capturing Market Size Using Bottom-Up Analysis (Demand Side)
           2.2.2 Top-Down Approach
                    2.2.2.1 Approach for Capturing Market Share Using Top-Down Analysis (Supply Side)
    2.3 Data Triangulation
    2.4 Assumptions

3 Executive Summary (Page No. - 32)

4 Premium Insights (Page No. - 38)
    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 (Page No. - 41)
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Drivers
                    5.2.1.1 Increasing Adoption of NVMe Technologies in SSDS, Servers, and Storage Appliances
                    5.2.1.2 Exponential Rise in Data Generation and Evolving Demand for Data Storage and Processing Infrastructure
                    5.2.1.3 Significant Performance Advancements Offered By NVMe
           5.2.2 Restraints
                    5.2.2.1 Performance Problems Associated With Storage Software
           5.2.3 Opportunities
                    5.2.3.1 Growing Adoption of NVMe for Big Data, IoT, Artificial Intelligence, and Blockchain
                    5.2.3.2 End-To-End NVMe Over Fabrics (NVMe-Of)
           5.2.4 Challenges
                    5.2.4.1 Issues Related to Data Integrity and Data Protection
                    5.2.4.2 High Cost of NVMe
    5.3 Value Chain Analysis

6 NVM Express Market, By Product (Page No. - 52)
    6.1 Introduction
    6.2 Solid-State Drives (SSDS)
           6.2.1 NVMe SSDS Projected to Hold Largest Share in NVMe Market
                    6.2.1.1 2.5”
                    6.2.1.2 M.2
                    6.2.1.3 U.2 (SFF 8639)
                    6.2.1.4 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 (Page No. - 67)
    7.1 Introduction
    7.2 Ethernet
           7.2.1 Ethernet to Hold Largest Market Size During Forecast Period
    7.3 Fibre Channel
           7.3.1 NVMe Over Fibre Channel Expected to Grow Steadily During Forecast Period
    7.4 Infiniband
           7.4.1 Infiniband Expected to Grow at Second-Highest CAGR

8 NVM Express Market, By Deployment Location (Page No. - 72)
    8.1 Introduction
    8.2 On-Premise
           8.2.1 On-Premise Deployment to Hold Largest Share of NVMe Market During Forecast Period
    8.3 Remote
           8.3.1 Remote NVMe Deployments are Expected to Grow Steadily During Forecast Period
    8.4 Hybrid
           8.4.1 Hybrid Deployments are Expected to Grow at Highest CAGR During Forecast Period

9 NVM Express Market, By Vertical (Page No. - 77)
    9.1 Introduction
    9.2 Banking, Financial Services, and Insurance (BFSI)
           9.2.1 BFSI Held Largest Share in NVMe Market in 2019
    9.3 Consumer Goods & Retail
           9.3.1 Emergence of E-Commerce and Online Retail is Leading to Increasing Adoption of NVMe Solutions
    9.4 Telecommunications & Ites
           9.4.1 Emerging Opportunities in Data Science and Analytics Leading to Growth of NVMe in the Telecommunications & Ites Vertical
    9.5 Healthcare
           9.5.1 Healthcare Vertical to Grow at Highest CAGR During Forecast Period
    9.6 Energy
           9.6.1 Increasing Adoption of Real-Time Analytics Leading to NVMe Market Growth in Energy Vertical
    9.7 Government
           9.7.1 Increasing Investments to Adopt Digitization and Analytics are Driving Adoption of NVMe
    9.8 Education & Research
           9.8.1 E-Learning is Driving NVMe Market Growth in Education & Research Vertical
    9.9 Media & Entertainment
           9.9.1 Increasing Adoption of NVMe Solutions By Media & Entertainment Firms Drives NVMe Market Growth in This Vertical
    9.10 Manufacturing
           9.10.1 Emergence of Iiot and Industry 4.O Driving NVMe Market Growth in Manufacturing Vertical
    9.11 Business & Consulting
           9.11.1 Need for Efficient Data Management and High-Performance Computing to Drive NVMe Market in Business & Consulting Vertical
    9.12 Others

10 Geographic Analysis (Page No. - 104)
     10.1 Introduction
     10.2 North America
             10.2.1 US
                        10.2.1.1 US Projected to Account for Largest Size of NVMe Market in North America
             10.2.2 Canada
                        10.2.2.1 NVMe Market in Canada Projected to Grow Due to Increasing Need for Efficient Data Management
             10.2.3 Mexico
                        10.2.3.1 NVMe Market in Mexico Projected to Grow at Highest CAGR During Forecast Period
     10.3 Europe
             10.3.1 UK
                        10.3.1.1 UK Held Largest Share of European NVMe Market in 2019
             10.3.2 Germany
                        10.3.2.1 Increasing Use of Connected Devices and Requirement of Managing Large Datasets to Drive NVMe Demand in Germany
             10.3.3 France
                        10.3.3.1 France Expected to Be the Fastest-Growing NVMe Market in Europe
             10.3.4 Rest of Europe
     10.4 APAC
             10.4.1 China
                        10.4.1.1 China LED NVMe Market in APAC in 2019
             10.4.2 Australia
                        10.4.2.1 Australian NVMe Market Expected to Grow at Highest Rate Among APAC Countries During Forecast Period
             10.4.3 Japan
                        10.4.3.1 Increased Adoption of Next-Generation Technologies Expected to Contribute to Growth of NVMe Market in Japan
             10.4.4 South Korea
                        10.4.4.1 Flourishing Consumer Electronics Industry and Presence of Key Manufacturers of NVMe Fuel NVMe Market Growth in South Korea
             10.4.5 India
                        10.4.5.1 Big Data, IoT, and Other Digital and Virtualized Platforms to Trigger Adoption of NVMe in India
             10.4.6 Rest of APAC
     10.5 RoW
             10.5.1 Middle East &Africa
                        10.5.1.1 Established Market of Advanced Storage in UAE Drives NVMe Demand in Middle East & Africa
             10.5.2 South America

11 Competitive Landscape (Page No. - 139)
     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 (Page No. - 146)
(Business Overview, Products Offered, Recent Developments, SWOT Analysis, and MnM View)*
     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

*Details on Business Overview, Products & Services Offered, Recent Developments, SWOT Analysis, and MnM View Might Not Be Captured in Case of Unlisted Companies.

13 Appendix (Page No. - 180)
     13.1 Insights From Industry Experts
     13.2 Discussion Guide
     13.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
     13.4 Available Customizations
     13.5 Related Reports
     13.6 Author Details


List of Tables (119 Tables)

Table 1 Specifications for Sata-Based Ssd, Sas-Based Ssd, Pcie-Based Ssd, and NVMe-Based Ssd
Table 2 Comparison of Sata Based on Ahci With Pcie Based on NVMe Protocol
Table 3 Comparison of Price Per Gb of Various Protocols
Table 4 NVMe Market, By Product, 2017–2025 (USD Billion)
Table 5 NVMe SSDS Market, By Communication Standard, 2017–2025 (USD Million)
Table 6 NVMe SSDS Market, By Deployment Location, 2017–2025 (USD Million)
Table 7 NVMe SSDS Market, By Vertical, 2017–2025 (USD Million)
Table 8 NVMe SSDS Market, 2017–2025 (Units in Zettabytes)
Table 9 NVMe SSDS Market, By Form Factor, 2017–2025 (USD Million)
Table 10 NVMe Adapters Market, By Communication Standard, 2017–2025 (USD Million)
Table 11 NVMe Adapters Market, By Deployment Location, 2017–2025 (USD Million)
Table 12 NVMe Adapters Market, By Vertical, 2017–2025 (USD Million)
Table 13 NVMe All-Flash Arrays Market, By Communication Standard, 2017–2025 (USD Million)
Table 14 NVMe All-Flash Arrays Market, By Deployment Location, 2017–2025 (USD Million)
Table 15 NVMe All-Flash Arrays Market, By Vertical, 2017–2025 (USD Million)
Table 16 NVMe Servers Market, By Communication Standard, 2017–2025 (USD Million)
Table 17 NVMe Servers Market, By Deployment Location, 2017–2025 (USD Million)
Table 18 NVMe Servers Market, By Vertical, 2017–2025 (USD Million)
Table 19 Non-volatile Memory Express Market for Other Products, By Communication Standard, 2017–2025 (USD Million)
Table 20 Non-volatile Memory Express Market for Other Products, By Deployment Location, 2017–2025 (USD Million)
Table 21 Non-volatile Memory Express Market for Other Products, By Vertical, 2017–2025 (USD Million)
Table 22 Non-volatile Memory Express Market, By Communication Standard, 2017–2025 (USD Billion)
Table 23 NVMe Over Ethernet Market, By Product, 2017–2025 (USD Million)
Table 24 NVMe Over Fibre Channel Market, By Product, 2017–2025 (USD Million)
Table 25 NVMe Over Infiniband Market, By Product, 2017–2025 (USD Million)
Table 26 Non-volatile Memory Express Market, By Deployment Location, 2017–2025 (USD Billion)
Table 27 On-Premise NVMe Market, By Product, 2017–2025 (USD Million)
Table 28 Remote NVMe Market, By Product, 2017–2025 (USD Million)
Table 29 Hybrid NVMe Market, By Product, 2017–2025 (USD Million)
Table 30 Non-volatile Memory Express Market, By Vertical, 2017–2025 (USD Billion)
Table 31 Non-volatile Memory Express Market in BFSI Vertical, By Product, 2017–2025 (USD Million)
Table 32 Non-volatile Memory Express Market in BFSI Vertical, By Deployment Location, 2017–2025 (USD Million)
Table 33 Non-volatile Memory Express Market in BFSI Vertical, By Region, 2017–2025 (USD Million)
Table 34 Non-volatile Memory Express Market in Consumer Goods & Retail Vertical, By Product, 2017–2025 (USD Million)
Table 35 Non-volatile Memory Express Market in Consumer Goods & Retail Vertical, By Deployment Location, 2017–2025 (USD Million)
Table 36 Non-volatile Memory Express Market in Consumer Goods & Retail Vertical, By Region, 2017–2025 (USD Million)
Table 37 Non-volatile Memory Express Market in Telecommunications & Ites Vertical, By Product, 2017–2025 (USD Million)
Table 38 Non-volatile Memory Express Market in Telecommunications & Ites Vertical, By Deployment Location, 2017–2025 (USD Million)
Table 39 Non-volatile Memory Express Market in Telecommunications & Ites Vertical, By Region, 2017–2025 (USD Million)
Table 40 Non-volatile Memory Express Market in Healthcare Vertical, By Product, 2017–2025 (USD Million)
Table 41 Non-volatile Memory Express Market in Healthcare Vertical, By Deployment Location, 2017–2025 (USD Million)
Table 42 Non-volatile Memory Express Market in Healthcare Vertical, By Region, 2017–2025 (USD Million)
Table 43 NVMe Market in Energy Vertical, By Product, 2017–2025 (USD Million)
Table 44 Non-volatile Memory Express Market in Energy Vertical, By Deployment Location, 2017–2025 (USD Million)
Table 45 Non-volatile Memory Express Market in Energy Vertical, By Region, 2017–2025 (USD Million)
Table 46 Non-volatile Memory Express Market in Government Vertical, By Product, 2017–2025 (USD Million)
Table 47 Non-volatile Memory Express Market in Government Vertical, By Deployment Location, 2017–2025 (USD Million)
Table 48 Non-volatile Memory Express Market in Government Vertical, By Region, 2017–2025 (USD Million)
Table 49 Non-volatile Memory Express Market in Education & Research Vertical, By Product, 2017–2025 (USD Million)
Table 50 Market in Education & Research Vertical, By Deployment Location, 2017–2025 (USD Million)
Table 51 Market in Education & Research Vertical, By Region, 2017–2025 (USD Million)
Table 52 Market in Media & Entertainment Vertical, By Product, 2017–2025 (USD Million)
Table 53 Market in Media & Entertainment Vertical, By Deployment Location, 2017–2025 (USD Million)
Table 54 Market in Media & Entertainment Vertical, By Region, 2017–2025 (USD Million)
Table 55 Market in Manufacturing Vertical, By Product, 2017–2025 (USD Million)
Table 56 Market in Manufacturing Vertical, By Deployment Location, 2017–2025 (USD Million)
Table 57 Market in Manufacturing Vertical, By Region, 2017–2025 (USD Million)
Table 58 Market in Business & Consulting Vertical, By Product, 2017–2025 (USD Million)
Table 59 Market in Business & Consulting Vertical, By Deployment Location, 2017–2025 (USD Million)
Table 60 Market in Business & Consulting Vertical, By Region, 2017–2025 (USD Million)
Table 61 Market in Other Verticals, By Product, 2017–2025 (USD Million)
Table 62 Market in Other Verticals, By Deployment Location, 2017–2025 (USD Million)
Table 63 Market in Other Verticals, By Region, 2017–2025 (USD Million)
Table 64 Market, By Region, 2017–2025 (USD Billion)
Table 65 Market in North America, By Vertical, 2017–2025 (USD Million)
Table 66 Market North America, By Country, 2017–2025 (USD Million)
Table 67 North America Non-volatile Memory Express Market for BFSI Vertical, By Country, 2017–2025 (USD Million)
Table 68 North America Non-volatile Memory Express Market for Consumer Goods & Retail Vertical, By Country, 2017–2025 (USD Million)
Table 69 North America Non-volatile Memory Express Market for Telecommunications & Ites Vertical, By Country, 2017–2025 (USD Million)
Table 70 North America Market for Healthcare Vertical, By Country, 2017–2025 (USD Million)
Table 71 North America NVMe Market for Energy Vertical, By Country, 2017–2025 (USD Million)
Table 72 North America NVMe for Government Vertical, By Country, 2017–2025 (USD Million)
Table 73 North America NVMe for Education & Research Vertical, By Country, 2017–2025 (USD Million)
Table 74 North America NVMe for Media & Entertainment Vertical, By Country, 2017–2025 (USD Million)
Table 75 North America NVMe for Manufacturing Vertical, By Country, 2017–2025 (USD Million)
Table 76 North America NVMe for Business & Consulting Vertical, By Country, 2017–2025 (USD Million)
Table 77 North America NVMe for Other Verticals, By Country, 2017–2025 (USD Million)
Table 78 NVMe Market in Europe, By Vertical, 2017–2025 (USD Million)
Table 79 NVMe Market in Europe, By Country, 2017–2025 (USD Million)
Table 80 Europe NVMe Market for BFSI Vertical, By Country, 2017–2025 (USD Million)
Table 81 Europe Non-volatile Memory Express Market for Consumer Goods & Retail Vertical, By Country, 2017–2025 (USD Million)
Table 82 Europe Non-volatile Memory Express Market for Telecommunications & Ites Vertical, By Country, 2017–2025 (USD Million)
Table 83 Europe Non-volatile Memory Express Market for Healthcare Vertical, By Country, 2017–2025 (USD Million)
Table 84 Europe Non-volatile Memory Express Market for Energy Vertical, By Country, 2017–2025 (USD Million)
Table 85 Europe Non-volatile Memory Express Market for Government Vertical, By Country, 2017–2025 (USD Million)
Table 86 Europe Non-volatile Memory Express Market for Education & Research Vertical, By Country, 2017–2025 (USD Million)
Table 87 Europe NVMe Market for Media & Entertainment Vertical, By Country, 2017–2025 (USD Million)
Table 88 Europe NVMe Market for Manufacturing Vertical, By Country, 2017–2025 (USD Million)
Table 89 Europe NVMe Market for Business & Consulting Vertical, By Country, 2017–2025 (USD Million)
Table 90 Europe NVMe Market for Other Verticals, By Country, 2017–2025 (USD Million)
Table 91 NVMe Market in APAC, By Vertical, 2017–2025 (USD Million)
Table 92 NVMe Market in APAC, By Country, 2017–2025 (USD Million)
Table 93 APAC NVMe for BFSI Vertical, By Country, 2017–2025 (USD Million)
Table 94 APAC NVMe for Consumer Goods & Retail Vertical, By Country, 2017–2025 (USD Million)
Table 95 APAC NVMe for Telecommunications & Ites Vertical, By Country, 2017–2025 (USD Million)
Table 96 APAC NVMe for Healthcare Vertical, By Country, 2017–2025 (USD Million)
Table 97 APAC NVMe Market for Energy Vertical, By Country, 2017–2025 (USD Million)
Table 98 APAC NVMe Market for Government Vertical, By Country, 2017–2025 (USD Million)
Table 99 APAC NVMe Market for Education & Research Vertical, By Country, 2017–2025 (USD Million)
Table 100 APAC NVMe Market for Media & Entertainment, By Country, 2017–2025 (USD Million)
Table 101 APAC NVMe Market for Manufacturing Vertical, By Country, 2017–2025 (USD Million)
Table 102 APAC NVMe Market for Business & Consulting Vertical, By Country, 2017–2025 (USD Million)
Table 103 APAC NVMe Market for Other Verticals, By Country, 2017–2025 (USD Million)
Table 104 NVMe Market in RoW, By Vertical, 2017–2025 (USD Million)
Table 105 RoW NVMe, By Region, 2017–2025 (USD Million)
Table 106 RoW NVMe for BFSI Vertical, By Region, 2017–2025 (USD Million)
Table 107 RoW NVMe for Consumer Goods & Retail Vertical, By Region, 2017–2025 (USD Million)
Table 108 RoW NVMe for Telecommunications & Ites Vertical, By Region, 2017–2025 (USD Million)
Table 109 RoW NVMe for Healthcare Vertical, By Region, 2017–2025 (USD Million)
Table 110 RoW NVMe for Energy Vertical, By Region, 2017–2025 (USD Million)
Table 111 RoW NVMe for Government Vertical, By Region, 2017–2025 (USD Million)
Table 112 RoW NVMe for Education & Research Vertical, By Region, 2017–2025 (USD Million)
Table 113 RoW NVMe for Media & Entertainment Vertical, By Region, 2017–2025 (USD Million)
Table 114 RoW NVMe for Manufacturing Vertical, By Region, 2017–2025 (USD Million)
Table 115 RoW NVMe for Business & Consulting Vertical, By Region, 2017–2025 (USD Million)
Table 116 RoW NVMe for Other Verticals, By Region, 2017–2025 (USD Million)
Table 117 Product Launches and Developments, March 2018– January 2020
Table 118 Partnerships, Agreements, and Collaborations, August 2017–September 2019
Table 119 Mergers and Acquisitions, January 2017–September 2019


List of Figures (62 Figures)

Figure 1 NVMe Market Segmentation
Figure 2 Research Flow
Figure 3 NVMe Market: Research Design
Figure 4 Bottom-Up Approach
Figure 5 Top-Down Approach
Figure 6 Data Triangulation
Figure 7 SSDS to Hold Largest Size of NVMe Market From 2020 to 2025
Figure 8 Ethernet Communication Standard to Hold Largest Size of NVMe Market From 2020 to 2025
Figure 9 Hybrid Deployment to Grow at Highest CAGR From 2020 to 2025
Figure 10 BFSI Vertical to Hold Largest Size of NVMe Market From 2020 to 2025
Figure 11 North America Accounted for Largest Share of NVMe Market in 2019
Figure 12 Increased Global Adoption of High-Performance Computing Projected to Fuel Growth of NVMe Market From 2020 to 2025
Figure 13 NVMe-Based SSDS Market to Grow at Highest CAGR in Healthcare Vertical From 2020 to 2025
Figure 14 BFSI Segment and China Accounted for the Largest Share of APAC NVMe Market in 2019
Figure 15 North America Projected to Lead NVMe Market for BFSI From 2020 to 2025
Figure 16 Australia NVMe Market Projected to Grow at Highest CAGR From 2020 to 2025
Figure 17 Non-Volatile Memory Express (NVMe) Market: Drivers, Restraints, Opportunities, and Challenges
Figure 18 Adoption Rate of NVMe Compared With Sata and SAS in Server-Attached Storage
Figure 19 Adoption Rate of NVMe Compared With SAS in Storage Arrays
Figure 20 Comparison of Average Latency for Traditional Sata, Sas, and Hdd With NVMe Protocol
Figure 21 Comparison of Sequential Read and Write Speed of Hdd, Sata, and NVMe
Figure 22 Value Chain: Non-Volatile Memory Express Market, 2019
Figure 23 SSDS Segment Expected to Lead NVMe Market From 2020 to 2025
Figure 24 On-Premise Deployment Holds Largest Share of NVMe SSDS Market
Figure 25 On-Premise Deployment to Hold Largest Share of NVMe Adapters Market
Figure 26 Ethernet to Hold Largest Share of NVMe Servers Market During Forecast Period
Figure 27 On-Premise Deployment Holds Largest Share of NVMe Market for Other Products
Figure 28 Ethernet Communication Standard of NVMe Market Projected to Grow at Highest CAGR From 2020 to 2025
Figure 29 On-Premise Deployment Projected to Lead NVMe Market Between 2020 and 2025
Figure 30 NVMe Market for Healthcare Expected to Grow at Highest Rate During Forecast Period
Figure 31 On-Premise Deployment Expected to Hold Largest Share of NVMe Market in BFSI Vertical During Forecast Period
Figure 32 NVMe Market in Consumer Goods & Retail Vertical to Grow at Highest CAGR in Rest of the World
Figure 33 NVMe SSDS Account for Largest Share in Telecommunications & Ites Vertical of NVMe Market
Figure 34 Remote Deployment to Grow at Highest CAGR in Healthcare Vertical of NVMe Market During Forecast Period
Figure 35 North America Expected to Hold Largest Share of NVMe Market in Energy Vertical During Forecast Period
Figure 36 Hybrid Deployment Expected to Grow at Highest CAGR in Government Vertical of the NVMe Market During Forecast Period
Figure 37 North America to Hold Largest Share of NVMe Market in Education & Research Vertical
Figure 38 All-Flash Arrays Expected to Grow at Highest CAGR in Media & Entertainment Vertical of the NVMe Market During Forecast Period
Figure 39 On-Premise Deployment to Account for Largest Share of NVMe Market in Manufacturing Vertical During Forecast Period
Figure 40 NVMe Market in Business & Consulting Vertical to Grow at Highest CAGR in Rest of the World During Forecast Period
Figure 41 On-Premise Deployment to Hold Largest Share of NVMe Market in Other Verticals
Figure 42 Geographic Snapshot of NVMe Market
Figure 43 North America Projected to Lead NVMe Market From 2020 to 2025
Figure 44 North America NVMe Market Snapshot
Figure 45 US Projected to Lead North America NVMe Market for Media & Entertainment From 2020 to 2025
Figure 46 Europe NVMe Market Snapshot
Figure 47 UK Projected to Lead Europe NVMe Market for Healthcare From 2020 to 2025
Figure 48 APAC NVMe Market Snapshot
Figure 49 China Projected to Lead APAC NVMe Market for Consumer Goods & Retail From 2020 to 2025
Figure 50 Companies Adopted Product Launches and Developments as the Key Growth Strategy From January 2017 to January 2020
Figure 51 Ranking Analysis of Top 5 Players in NVMe Market
Figure 52 NVMe Market (Global) Competitive Leadership Mapping, 2019
Figure 53 Intel: Company Snapshot
Figure 54 Western Digital: Company Snapshot
Figure 55 Samsung: Company Snapshot
Figure 56 Dell EMC: Company Snapshot
Figure 57 Hewlett Packard Enterprise: Company Snapshot
Figure 58 Broadcom: Company Snapshot
Figure 59 Micron Technology: Company Snapshot
Figure 60 Cisco: Company Snapshot
Figure 61 Toshiba: Company Snapshot
Figure 62 NetApp: Company Snapshot

The study involved the estimation of the current size of the Non-volatile Memory Express (NVMe) market. Exhaustive secondary research was conducted to collect information on the market, its peer markets, and its parent market. This was followed by the validation of these findings, assumptions, and sizing with the industry experts identified across the value chain through primary research. Both, top-down and bottom-up approaches were employed to estimate the overall size of the NVMe market. It was followed by the market breakdown and data triangulation procedures, which were used to estimate the size of the market based on different segments and subsegments.

Secondary Research

In the secondary research process, various secondary sources were referred to for the identification and collection of relevant information for this study on the NVMe market. Secondary sources included annual reports, press releases, and investor presentations of companies; white papers; journals and certified publications; and articles by recognized authors, websites, directories, and databases. Secondary research was conducted to obtain the key information regarding the supply chain and value chain of the industry, total pool of key players, market segmentation according to industry trends (to the bottom-most level), geographic markets, and key developments from market- and technology-oriented perspectives. Secondary data was collected and analyzed to arrive at the overall size of the NVMe market, which was further validated by primary research.

Primary Research

In the primary research process, various primary sources from both supply and demand sides were interviewed to obtain qualitative and quantitative information relevant to this report. Several primary interviews were conducted with the market experts from both demand (manufacturers of NVMe products and components used in different industries) and supply sides. The primary data was collected through questionnaires, emails, and telephonic interviews. Primary sources included industry experts such as chief executive officers (CEOs), vice presidents (VPs), marketing directors, technology and innovation directors, and related executives from various key companies and organizations operating in the NVMe market. Approximately 30% and 70% of the primary interviews were conducted from the demand and supply sides, respectively.

Non-volatile Memory Express (NVMe) Market

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

Top-down and bottom-up approaches were implemented to estimate and validate the total size of the NVMe market. These methods were used extensively to estimate the size of the market based on various segments and subsegments. The research methodology used to estimate the market size included the following steps:

  • Key players in the industry were identified through extensive secondary research.
  • The industry’s supply chain was identified, and the market size, in terms of value, was determined through primary and secondary research processes.
  • All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources.

Data Triangulation

After arriving at the overall NVMe market size—using the market size estimation processes as explained above—the market was split into several segments and subsegments. Data triangulation and market breakdown procedures were employed, wherever applicable, to complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment. The data was triangulated by studying various factors and trends from the demand and supply sides across different applications.

Study Objectives

  • To describe and forecast the NVMe market, in terms of value, based on product, communication standard, deployment location, and vertical
  • To describe and forecast the market, in terms of value, for 4 major regions—North America, Europe, Asia Pacific (APAC), and the Rest of the World (RoW)
  • To provide detailed information regarding the drivers, restraints, opportunities, and challenges influencing the growth of the NVMe market
  • To strategically analyze micromarkets1 with respect to individual growth trends and contributions to the total market
  • To profile key players and comprehensively analyze their position in terms of market ranking and core competencies2, along with a detailed competitive landscape of the market
  • To analyze the competitive growth strategies—collaborations, agreements, partnerships, acquisitions, product launches and developments, research and development (R&D) activities—adopted by major players in the NVMe market

Available Customizations

With the given market data, MarketsandMarkets offers customizations according to the specific requirements of companies. The following customization options are available for this report:

  • Product matrix that gives a detailed comparison of the product portfolio of each company
  • Further breakdown of the RoW NVMe market at the country level
  • Detailed analysis and profiling of additional market players (up to 5)
COVID-19

Get in-depth analysis of the COVID-19 impact on the Non-volatile Memory Express (NVMe) Market

Benchmarking the rapid strategy shifts of the Top 100 companies in the Non-volatile Memory Express (NVMe) Market

Request For Special Pricing
Report Code
SE 7530
Published ON
Feb, 2020
Choose License Type
BUY NOW
  • SHARE
X
Request Customization
Speak to Analyst
Speak to Analyst
OR FACE-TO-FACE MEETING
PERSONALIZE THIS RESEARCH
  • Triangulate with your Own Data
  • Get Data as per your Format and Definition
  • Gain a Deeper Dive on a Specific Application, Geography, Customer or Competitor
  • Any level of Personalization
REQUEST A FREE CUSTOMIZATION
LET US HELP YOU!
  • What are the Known and Unknown Adjacencies Impacting the Non-volatile Memory Express (NVMe) Market
  • What will your New Revenue Sources be?
  • Who will be your Top Customer; what will make them switch?
  • Defend your Market Share or Win Competitors
  • Get a Scorecard for Target Partners
CUSTOMIZED WORKSHOP REQUEST
ADJACENT MARKETS
REQUEST BUNDLE REPORTS
+1-888-600-6441
  • Call Us
  • +1-888-600-6441 (Corporate office hours)
  • +1-888-600-6441 (US/Can toll free)
  • +44-800-368-9399 (UK office hours)
CONNECT WITH US
ABOUT TRUST ONLINE
©2020 MarketsandMarkets Research Private Ltd. All rights reserved
...

Digital Virtual Assistant - MarketsandMarkets

Home