TMCnet News
Global Non-Volatile Memory Express (NVMe) Market, 2020-2025: Growth Opportunities in Big Data Analytics and Artificial IntelligenceDUBLIN, Oct. 29, 2020 /PRNewswire/ -- The "Global Non-Volatile Memory Express (NVMe) Market: Focus on Device, End User, Communication, Industry, Funding, Impact of COVID-19 - Analysis and Forecast, 2020-2025" report has been added to ResearchAndMarkets.com's offering. The global NVMe market is projected to grow from $19.52 billion in 2020 to $115.35 billion by 2025, at a CAGR of 42.66% from 2020 to 2025. Impact of COVID-19 on the Global Non-Volatile Memory Express Market The global NVMe market is expected to experience a continuous healthy growth during the forecast period. However, during 2020, the growth of the NVMe market is expected to experience a dip due to the effect of COVID-19 pandemic, as there is delay and restriction in the purchase of the NVMe storage devices from the end-use organizations. The industries associated with the essential commodities have operated with basic production targets due to which their targeted sales and the business have impacted significantly, thereby retarding the adoption of advanced technologies within their operational facilities. Competitive Landscape The competitive landscape for the NVMe market demonstrates an inclination toward companies adopting strategies such as product launches and developments along with partnerships, collaborations, and joint ventures. The major established players in the market are focusing on product launches and developments to introduce new technologies or developing further on the existing product portfolio. For instance, in May 2020, Dell EMC launched Power Edge series data storage servers. These servers are integrated with NVMe interface for optimum data access for enterprise end-users. Additionally, in February 2020, Cisco Systems launched hyperflex series flash and NVMe nodes, which are embedded with Xenn (Intel) processor for data storage applications catered to enterprise and client systems end use. With the increasing growth in the global NVMe market, companies operating in this industry are compelled to come up with partnership and collaborative strategies in order to sustain in the intensely competitive market. For instance, in June 2020, NetApp entered a partnership with Fujitsu to integrate NVMe interface within the memory and storage devices, thereby improving latency and ensure minimum power consumption. Additionally, in October 2019, Gigabyte Technology entered a partnership with Silicon Motion Technology to provide NVMe-enabled solid-state drives for the data center applications. Regional Market Dynamics The NVMe market holds a prominent share in various countries of North America, Europe, Asia-Pacific and Japan, and the Middle East and Africa. North America is at the forefront of the global NVMe market, with high market penetration rate in the U.S., Canada, and others, which are expected to display robust market growth in the coming five years. During the forecast period, the Asia-Pacific and Japan region is expected to flourish as one of the most lucrative markets for NVMe. Asia-Pacific and Japan is expected to exhibit significant growth opportunities for NVMe due to the increasing industrialization in countries, such as Japan, South Korea, and India, thereby increasing the adoption of NVMe across organizations. Key Topics Covered: Executive Summary 1 Market Dynamics 2 Competitive Landscape 3 Industry Analysis 4 Global Non-Volatile Memory Express (NVMe) Market (by Device) 5 Global Non-Volatile Memory Express (NVMe) Market (by End User) 6 Global Non-Volatile Memory Express (NVMe) Market (by Communication Type) 7 Global Non-Volatile Memory Express (NVMe) Market (by Industry Vertical) 8 Global Non-Volatile Memory Express (NVMe) Market (by Region) 9 Company Profiles
For more information about this report visit https://www.researchandmarkets.com/r/tqml9x Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research.
Research and Markets View original content:http://www.prnewswire.com/news-releases/global-non-volatile-memory-express-nvme-market-2020-2025-growth-opportunities-in-big-data-analytics-and-artificial-intelligence-301162833.html SOURCE Research and Markets |