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Home Technology Non-volatile Memory Express (NVMe) Market Analysis, Trends, and Forecast 2025
Non-volatile Memory Express Market

Non-volatile Memory Express Market Size, Share & Trends Analysis Report By Component (Hardware, Software, Services), By Applications (Enterprise Storage, High-Performance Computing, Gaming, Cloud Computing), By Technology (NVMe over Fabrics (NVMe-oF), NVMe-based SSDs, Hybrid NVMe Solutions, Persistent Memory (PMem), Others), By End-User (IT & Telecom, Healthcare, Consumer Electronics, Automotive) and By Region(North America, Europe, APAC, Middle East and Africa, LATAM) Forecasts, 2025-2033

Report Code: SRTE1167DR
Last Updated : Jan 07, 2025
Author : Straits Research
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Market Segmentation

  1. Non-volatile Memory Express Market, By Component (2021-2031)
    1. Hardware
    2. Software
    3. Services
  2. Non-volatile Memory Express Market, By Applications (2021-2031)
    1. Enterprise Storage
    2. High-Performance Computing
    3. Gaming
    4. Cloud Computing
  3. Non-volatile Memory Express Market, By Technology (2021-2031)
    1. NVMe over Fabrics (NVMe-oF)
    2. NVMe-based SSDs
    3. Hybrid NVMe Solutions
    4. Persistent Memory (PMem)
    5. Others
  4. Non-volatile Memory Express Market, By End-User (2021-2031)
    1. IT & Telecom
    2. Healthcare
    3. Consumer Electronics
    4. Automotive
    1. North America
      1. North America Non-volatile Memory Express Market, By Component
        1. Hardware
          1. Software
            1. Services
            2. North America Non-volatile Memory Express Market, By Applications
              1. Enterprise Storage
                1. High-Performance Computing
                  1. Gaming
                    1. Cloud Computing
                    2. North America Non-volatile Memory Express Market, By Technology
                      1. NVMe over Fabrics (NVMe-oF)
                        1. NVMe-based SSDs
                          1. Hybrid NVMe Solutions
                            1. Persistent Memory (PMem)
                              1. Others
                              2. North America Non-volatile Memory Express Market, By End-User
                                1. IT & Telecom
                                  1. Healthcare
                                    1. Consumer Electronics
                                      1. Automotive
                                      2. U.S.
                                        1. U.S. Non-volatile Memory Express Market, By Component
                                          1. Hardware
                                            1. Software
                                              1. Services
                                              2. U.S. Non-volatile Memory Express Market, By Applications
                                                1. Enterprise Storage
                                                  1. High-Performance Computing
                                                    1. Gaming
                                                      1. Cloud Computing
                                                      2. U.S. Non-volatile Memory Express Market, By Technology
                                                        1. NVMe over Fabrics (NVMe-oF)
                                                          1. NVMe-based SSDs
                                                            1. Hybrid NVMe Solutions
                                                              1. Persistent Memory (PMem)
                                                                1. Others
                                                                2. U.S. Non-volatile Memory Express Market, By End-User
                                                                  1. IT & Telecom
                                                                    1. Healthcare
                                                                      1. Consumer Electronics
                                                                        1. Automotive
                                                                      2. Canada
                                                                    2. Europe
                                                                      1. Europe Non-volatile Memory Express Market, By Component
                                                                        1. Hardware
                                                                          1. Software
                                                                            1. Services
                                                                            2. Europe Non-volatile Memory Express Market, By Applications
                                                                              1. Enterprise Storage
                                                                                1. High-Performance Computing
                                                                                  1. Gaming
                                                                                    1. Cloud Computing
                                                                                    2. Europe Non-volatile Memory Express Market, By Technology
                                                                                      1. NVMe over Fabrics (NVMe-oF)
                                                                                        1. NVMe-based SSDs
                                                                                          1. Hybrid NVMe Solutions
                                                                                            1. Persistent Memory (PMem)
                                                                                              1. Others
                                                                                              2. Europe Non-volatile Memory Express Market, By End-User
                                                                                                1. IT & Telecom
                                                                                                  1. Healthcare
                                                                                                    1. Consumer Electronics
                                                                                                      1. Automotive
                                                                                                      2. U.K.
                                                                                                        1. U.K. Non-volatile Memory Express Market, By Component
                                                                                                          1. Hardware
                                                                                                            1. Software
                                                                                                              1. Services
                                                                                                              2. U.K. Non-volatile Memory Express Market, By Applications
                                                                                                                1. Enterprise Storage
                                                                                                                  1. High-Performance Computing
                                                                                                                    1. Gaming
                                                                                                                      1. Cloud Computing
                                                                                                                      2. U.K. Non-volatile Memory Express Market, By Technology
                                                                                                                        1. NVMe over Fabrics (NVMe-oF)
                                                                                                                          1. NVMe-based SSDs
                                                                                                                            1. Hybrid NVMe Solutions
                                                                                                                              1. Persistent Memory (PMem)
                                                                                                                                1. Others
                                                                                                                                2. U.K. Non-volatile Memory Express Market, By End-User
                                                                                                                                  1. IT & Telecom
                                                                                                                                    1. Healthcare
                                                                                                                                      1. Consumer Electronics
                                                                                                                                        1. Automotive
                                                                                                                                      2. Germany
                                                                                                                                      3. France
                                                                                                                                      4. Spain
                                                                                                                                      5. Italy
                                                                                                                                      6. Russia
                                                                                                                                      7. Nordic
                                                                                                                                      8. Benelux
                                                                                                                                      9. Rest of Europe
                                                                                                                                    2. APAC
                                                                                                                                      1. APAC Non-volatile Memory Express Market, By Component
                                                                                                                                        1. Hardware
                                                                                                                                          1. Software
                                                                                                                                            1. Services
                                                                                                                                            2. APAC Non-volatile Memory Express Market, By Applications
                                                                                                                                              1. Enterprise Storage
                                                                                                                                                1. High-Performance Computing
                                                                                                                                                  1. Gaming
                                                                                                                                                    1. Cloud Computing
                                                                                                                                                    2. APAC Non-volatile Memory Express Market, By Technology
                                                                                                                                                      1. NVMe over Fabrics (NVMe-oF)
                                                                                                                                                        1. NVMe-based SSDs
                                                                                                                                                          1. Hybrid NVMe Solutions
                                                                                                                                                            1. Persistent Memory (PMem)
                                                                                                                                                              1. Others
                                                                                                                                                              2. APAC Non-volatile Memory Express Market, By End-User
                                                                                                                                                                1. IT & Telecom
                                                                                                                                                                  1. Healthcare
                                                                                                                                                                    1. Consumer Electronics
                                                                                                                                                                      1. Automotive
                                                                                                                                                                      2. China
                                                                                                                                                                        1. China Non-volatile Memory Express Market, By Component
                                                                                                                                                                          1. Hardware
                                                                                                                                                                            1. Software
                                                                                                                                                                              1. Services
                                                                                                                                                                              2. China Non-volatile Memory Express Market, By Applications
                                                                                                                                                                                1. Enterprise Storage
                                                                                                                                                                                  1. High-Performance Computing
                                                                                                                                                                                    1. Gaming
                                                                                                                                                                                      1. Cloud Computing
                                                                                                                                                                                      2. China Non-volatile Memory Express Market, By Technology
                                                                                                                                                                                        1. NVMe over Fabrics (NVMe-oF)
                                                                                                                                                                                          1. NVMe-based SSDs
                                                                                                                                                                                            1. Hybrid NVMe Solutions
                                                                                                                                                                                              1. Persistent Memory (PMem)
                                                                                                                                                                                                1. Others
                                                                                                                                                                                                2. China Non-volatile Memory Express Market, By End-User
                                                                                                                                                                                                  1. IT & Telecom
                                                                                                                                                                                                    1. Healthcare
                                                                                                                                                                                                      1. Consumer Electronics
                                                                                                                                                                                                        1. Automotive
                                                                                                                                                                                                      2. Korea
                                                                                                                                                                                                      3. Japan
                                                                                                                                                                                                      4. India
                                                                                                                                                                                                      5. Australia
                                                                                                                                                                                                      6. Taiwan
                                                                                                                                                                                                      7. South East Asia
                                                                                                                                                                                                      8. Rest of Asia-Pacific
                                                                                                                                                                                                    2. Middle East and Africa
                                                                                                                                                                                                      1. Middle East and Africa Non-volatile Memory Express Market, By Component
                                                                                                                                                                                                        1. Hardware
                                                                                                                                                                                                          1. Software
                                                                                                                                                                                                            1. Services
                                                                                                                                                                                                            2. Middle East and Africa Non-volatile Memory Express Market, By Applications
                                                                                                                                                                                                              1. Enterprise Storage
                                                                                                                                                                                                                1. High-Performance Computing
                                                                                                                                                                                                                  1. Gaming
                                                                                                                                                                                                                    1. Cloud Computing
                                                                                                                                                                                                                    2. Middle East and Africa Non-volatile Memory Express Market, By Technology
                                                                                                                                                                                                                      1. NVMe over Fabrics (NVMe-oF)
                                                                                                                                                                                                                        1. NVMe-based SSDs
                                                                                                                                                                                                                          1. Hybrid NVMe Solutions
                                                                                                                                                                                                                            1. Persistent Memory (PMem)
                                                                                                                                                                                                                              1. Others
                                                                                                                                                                                                                              2. Middle East and Africa Non-volatile Memory Express Market, By End-User
                                                                                                                                                                                                                                1. IT & Telecom
                                                                                                                                                                                                                                  1. Healthcare
                                                                                                                                                                                                                                    1. Consumer Electronics
                                                                                                                                                                                                                                      1. Automotive
                                                                                                                                                                                                                                      2. UAE
                                                                                                                                                                                                                                        1. UAE Non-volatile Memory Express Market, By Component
                                                                                                                                                                                                                                          1. Hardware
                                                                                                                                                                                                                                            1. Software
                                                                                                                                                                                                                                              1. Services
                                                                                                                                                                                                                                              2. UAE Non-volatile Memory Express Market, By Applications
                                                                                                                                                                                                                                                1. Enterprise Storage
                                                                                                                                                                                                                                                  1. High-Performance Computing
                                                                                                                                                                                                                                                    1. Gaming
                                                                                                                                                                                                                                                      1. Cloud Computing
                                                                                                                                                                                                                                                      2. UAE Non-volatile Memory Express Market, By Technology
                                                                                                                                                                                                                                                        1. NVMe over Fabrics (NVMe-oF)
                                                                                                                                                                                                                                                          1. NVMe-based SSDs
                                                                                                                                                                                                                                                            1. Hybrid NVMe Solutions
                                                                                                                                                                                                                                                              1. Persistent Memory (PMem)
                                                                                                                                                                                                                                                                1. Others
                                                                                                                                                                                                                                                                2. UAE Non-volatile Memory Express Market, By End-User
                                                                                                                                                                                                                                                                  1. IT & Telecom
                                                                                                                                                                                                                                                                    1. Healthcare
                                                                                                                                                                                                                                                                      1. Consumer Electronics
                                                                                                                                                                                                                                                                        1. Automotive
                                                                                                                                                                                                                                                                      2. Turkey
                                                                                                                                                                                                                                                                      3. Saudi Arabia
                                                                                                                                                                                                                                                                      4. South Africa
                                                                                                                                                                                                                                                                      5. Egypt
                                                                                                                                                                                                                                                                      6. Nigeria
                                                                                                                                                                                                                                                                      7. Rest of MEA
                                                                                                                                                                                                                                                                    2. LATAM
                                                                                                                                                                                                                                                                      1. LATAM Non-volatile Memory Express Market, By Component
                                                                                                                                                                                                                                                                        1. Hardware
                                                                                                                                                                                                                                                                          1. Software
                                                                                                                                                                                                                                                                            1. Services
                                                                                                                                                                                                                                                                            2. LATAM Non-volatile Memory Express Market, By Applications
                                                                                                                                                                                                                                                                              1. Enterprise Storage
                                                                                                                                                                                                                                                                                1. High-Performance Computing
                                                                                                                                                                                                                                                                                  1. Gaming
                                                                                                                                                                                                                                                                                    1. Cloud Computing
                                                                                                                                                                                                                                                                                    2. LATAM Non-volatile Memory Express Market, By Technology
                                                                                                                                                                                                                                                                                      1. NVMe over Fabrics (NVMe-oF)
                                                                                                                                                                                                                                                                                        1. NVMe-based SSDs
                                                                                                                                                                                                                                                                                          1. Hybrid NVMe Solutions
                                                                                                                                                                                                                                                                                            1. Persistent Memory (PMem)
                                                                                                                                                                                                                                                                                              1. Others
                                                                                                                                                                                                                                                                                              2. LATAM Non-volatile Memory Express Market, By End-User
                                                                                                                                                                                                                                                                                                1. IT & Telecom
                                                                                                                                                                                                                                                                                                  1. Healthcare
                                                                                                                                                                                                                                                                                                    1. Consumer Electronics
                                                                                                                                                                                                                                                                                                      1. Automotive
                                                                                                                                                                                                                                                                                                      2. Brazil
                                                                                                                                                                                                                                                                                                        1. Brazil Non-volatile Memory Express Market, By Component
                                                                                                                                                                                                                                                                                                          1. Hardware
                                                                                                                                                                                                                                                                                                            1. Software
                                                                                                                                                                                                                                                                                                              1. Services
                                                                                                                                                                                                                                                                                                              2. Brazil Non-volatile Memory Express Market, By Applications
                                                                                                                                                                                                                                                                                                                1. Enterprise Storage
                                                                                                                                                                                                                                                                                                                  1. High-Performance Computing
                                                                                                                                                                                                                                                                                                                    1. Gaming
                                                                                                                                                                                                                                                                                                                      1. Cloud Computing
                                                                                                                                                                                                                                                                                                                      2. Brazil Non-volatile Memory Express Market, By Technology
                                                                                                                                                                                                                                                                                                                        1. NVMe over Fabrics (NVMe-oF)
                                                                                                                                                                                                                                                                                                                          1. NVMe-based SSDs
                                                                                                                                                                                                                                                                                                                            1. Hybrid NVMe Solutions
                                                                                                                                                                                                                                                                                                                              1. Persistent Memory (PMem)
                                                                                                                                                                                                                                                                                                                                1. Others
                                                                                                                                                                                                                                                                                                                                2. Brazil Non-volatile Memory Express Market, By End-User
                                                                                                                                                                                                                                                                                                                                  1. IT & Telecom
                                                                                                                                                                                                                                                                                                                                    1. Healthcare
                                                                                                                                                                                                                                                                                                                                      1. Consumer Electronics
                                                                                                                                                                                                                                                                                                                                        1. Automotive
                                                                                                                                                                                                                                                                                                                                      2. Mexico
                                                                                                                                                                                                                                                                                                                                      3. Argentina
                                                                                                                                                                                                                                                                                                                                      4. Chile
                                                                                                                                                                                                                                                                                                                                      5. Colombia
                                                                                                                                                                                                                                                                                                                                      6. Rest of LATAM

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                                                                                                                                                                                                                                                                                                                                  The global non-volatile memory market was valued at USD 73.9 billion in 2022. It is projected to reach USD 180.04 billion by 2031, growing at a CAGR of 10.40% during the forecast period (2023-2031). A type of computer memory known as non-volatile mem
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