USD 21.7 Bn growth expected in PCI Express Market | Astera Labs Inc., Intel Corp., and Kingston Technology Co. Inc. identified as key players | Technavio
NEW YORK, Nov. 18, 2021 /PRNewswire/ -- The PCI express market size is expected to grow by USD 21.70 bn from 2021 to 2025. Technavio's latest market research report estimates that the PCI express market will progress at a CAGR of over 22% during the forecast period. This report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment.
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Factors such as the integration of PCIe with IEEE 1394 (FireWire) and the increasing number of investments toward the construction of data centers will offer immense growth opportunities. To leverage the current opportunities, market vendors must strengthen their foothold in the fast-growing segments, while maintaining their positions in the slow-growing segments. The PCI express market is fragmented, and the degree of fragmentation will accelerate during the forecast period.
The report covers the following areas:
PCI Express Market 2021-2025: Segmentation
The storage segment generated maximum revenue in the market in 2020. The segment is driven by the growth of cloud computing globally. In terms of geography, North America is expected to dominate the market during the forecast period. The region currently holds 40% of the global market share. The US and Canada are the key markets for PCI express in North America.
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PCI Express Market 2021-2025: Vendor Analysis and Scope
Some of the major vendors of the PCI express market include Astera Labs Inc., Intel Corp., Kingston Technology Co. Inc., Microchip Technology Inc., NVIDIA Corp., Rambus Inc., Samsung Electronics Co. Ltd., Texas Instruments Inc., Toshiba Corp., and Xilinx Inc. To help businesses improve their market position, Technavio's report provides a detailed analysis of around 25 vendors operating in the market.
The need to comply with compliance and regulatory standards is likely to emerge as one of the primary drivers of the market. However, factors such as failure to manage inventory during changing customer demand may threaten the growth of the market.
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PCI Express Market 2021-2025: Key Highlights
Global Computer on Module Market - Global computer on module market is segmented by standard (COM Express, SMARC, Qseven, ETX, and others), CPU architecture (ARM, x86, and others), application (industrial automation, medical, transportation, entertainment, and others), and geography (Europe, APAC, North America, South America, and MEA).
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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