COVID-19 is Likely to Make Significant Impact in the Adoption of NVME Market and is Expected to Witness Growth During the Forecast Period

The global NVME market is emerging market and is presumed to grow during the forecast period. The global NVME market was valued USD 43.1 billion in 2019 and is presumed to grow at a CAGR 28.3% during the forecast period. The growth is attributed to surge in data generation and evolving demand for data generation. NVME provides alternative option to small computer system interface standard and Advance technology interface standard in order to connect and transmit data between host and targeted storage device. Furthermore increase increasing adoption of NVME technologies is also one of the factors propelling the market growth. Furthermore, NVME offers broad range of traits that includes; low latency, reduction in CPU usage, enhance bandwidth, various packing options, and increase in input and output activity rates. Moreover, significant performance offered by NVME technologies also adds to the growth of Artificial Intelligence market. However, performance problem associated with storage software hinders the market growth. Got questions about your regional growth of NVME Market? Just drop us a line or call on +1 646 480 7505 Key Highlights By product, Solid State Driver holds higher CAGR and is presumed to grow during the forecast period on account of the benefits provided by NVMe SSDs. By communication standard, Ethernet holds higher CAGR and is expected to grow during the forecast period on account of growing adoption of Industry 4.0 among manufacturing & automotive sectors. By deployment location, Hybrid holds higher CAGR and is anticipated to witness growth during the forecast period on account of increasing in accumulation of huge of data require for processing. By vertical, energy sector holds dominant position and is anticipated to witness growth on account of broad offering of NVME technologies. By region, North America holds higher CAGR and is expected to grow during the forecast period on account of presence of key vendors offering NVME technology. Asia-Pacific is the fastest growing region and is expected to grow during the forecast period on account of increasing investment in developing economies such as China, India and Indonesia. Key Players Samsung Electronics Co., Ltd. (Samsung) (South Korea), Western Digital Corporation (Western Digital) (US), Intel Corporation (Intel) (US), Dell EMC (US), Broadcom Inc. (Broadcom) (US), Micron Technology, Inc. (Micron Technology) (US), Cisco Systems, Inc. (Cisco) NVME Market Segmentation By Product Solid-state Drives (SSDs) Adapters All-flash Arrays Servers Others By Communication Standard Ethernet Fibre Channel InfiniBand By Deployment location On-premise Remote Hybrid By Vertical Banking, Financial Services, and Insurance (BFSI) Consumer Goods & Retail Telecommunications & ITeS Healthcare Energy Government Education & Research Media & Entertainment Manufacturing Business & Consulting Others By Region North America The U.S. Canada Mexico Europe The U.K. Italy France Spain Germany The Rest of Europe The Middle East and Africa (MEA) Saudi Arabia Egypt South Africa The Rest of MEA Asia-Pacific India China Japan Australia South Korea The Rest of Asia-Pacific South America Columbia Brazil Chile Peru " Crucial Insights The Report Provides:" * Known and Unknown Adjacencies Influencing the Growth of Market * Explorable Revenue Sources * Customer Behaviour Analysis * Target Partners * Customized Geographical Data Based on Customers as well as Competitors * Analysis of Market Size and CAGR between the Forecast Periods View Full Report Buy This Report Now