Non-Volatile Memory Express (NVMe) Market Overview 2027

Non-Volatile Memory Express (NVMe) Market Overview 2027


  • According to the latest research report from Transparency Market Research on the Non-Volatile Memory Express (NVMe) market For the historical period of 2017 to 2018 and the forecast period of 2019 to 2027, the increasing demand for non-volatile memory express from data centers is expected to boost the global NVMe market during the forecast period.
  • In terms of revenue, the global Non-Volatile Memory Express Market is valued at ~ $159 billion to expand at a CAGR of by 2027 ~ 28% throughout the forecast period.

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Robust data volume growth around the world: a key driver

  • The global volume of data has increased significantly, which is increasingly being used by companies to better understand their customers and increase their profitability. This increase is due to the widespread adoption of advanced technologies including mobile, social, internet of things, big data, deep learning and artificial intelligence (AI).
  • In addition to the increase in data volumes, the complexity associated with the data is also increasing. Data generated from video streaming, social media, and user text messages is inherently highly unstructured.
  • Accordingly, alongside advances in flash storage and software-defined infrastructure, various innovative technologies are emerging that significantly support the transformation in the data center landscape.
  • However, IT spending does not increase in proportion to the increasing volume of data. Data center customers faced the complex challenge of finding a trade-off between high cost and high speed in data management and low cost and low speed for the same. Traditionally, they mostly preferred HDDs (hard disk drives) for storage because of their low cost and ample storage space. In some cases, they would prefer SSDs (Solid State Drives) for cache-based storage, which would offer a higher amount of data…


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