Unveiling the Future: Non-volatile Memory Express (NVMe) Market Set to Skyrocket to $163.5 Billion by 2025
The Non-Volatile Memory Express (NVMe) Market is growing at a very quick pace. With a forecasted valuation of USD 44.6 billion in 2020, the market is expected to develop at a healthy compound annual growth rate (CAGR) of 29.7% to reach USD 163.5 billion by 2025.
Several causes are responsible for this growth trajectory, including the growing use of NVMe-based storage solutions in a variety of industries, including servers, adapters, SSDs, and all-flash arrays. Furthermore, by improving data transfer speeds and overall system efficiency, developments in communication standards like Ethernet, Fibre Channel, and InfiniBand are driving market growth even further. In addition, the implementation of NVMe solutions in various deployment settings, including as on-premise, remote, and hybrid environments, is fostering market growth by catering to the changing storage requirements of enterprises in various industries.
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The non-volatile memory express (NVMe) industry is expanding significantly in the Asia Pacific area, mainly due to the significant performance gains that NVMe technology offers. This development trend is mostly due to the growing use of NVMe in servers, Solid State Drives (SSDs), and storage appliances. Furthermore, the market is expanding because to the introduction of end-to-end NVMe over fabrics (NVMe-Of) solutions, which provide effective data movement and storage in distributed environments. Furthermore, new opportunities for NVMe deployment across a range of industries in the Asia Pacific region are being created by the increased acceptance of NVMe for cutting-edge technologies including blockchain applications, Internet of Things (IoT), artificial intelligence, and big data analytics.
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https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=30458978 Unveiling the Future: Non-volatile Memory Express (NVMe) Market Set to Skyrocket to $163.5 Billion by 2025
The Non-Volatile Memory Express (NVMe) Market is growing at a very quick pace. With a forecasted valuation of USD 44.6 billion in 2020, the market is expected to develop at a healthy compound annual growth rate (CAGR) of 29.7% to reach USD 163.5 billion by 2025.
Several causes are responsible for this growth trajectory, including the growing use of NVMe-based storage solutions in a variety of industries, including servers, adapters, SSDs, and all-flash arrays. Furthermore, by improving data transfer speeds and overall system efficiency, developments in communication standards like Ethernet, Fibre Channel, and InfiniBand are driving market growth even further. In addition, the implementation of NVMe solutions in various deployment settings, including as on-premise, remote, and hybrid environments, is fostering market growth by catering to the changing storage requirements of enterprises in various industries.
Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=30458978
The non-volatile memory express (NVMe) industry is expanding significantly in the Asia Pacific area, mainly due to the significant performance gains that NVMe technology offers. This development trend is mostly due to the growing use of NVMe in servers, Solid State Drives (SSDs), and storage appliances. Furthermore, the market is expanding because to the introduction of end-to-end NVMe over fabrics (NVMe-Of) solutions, which provide effective data movement and storage in distributed environments. Furthermore, new opportunities for NVMe deployment across a range of industries in the Asia Pacific region are being created by the increased acceptance of NVMe for cutting-edge technologies including blockchain applications, Internet of Things (IoT), artificial intelligence, and big data analytics.
Inquire Before Buying @ https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=30458978