A thorough new market research report on the Non-volatile Memory Express (NVMe) Market has been published. In-depth analysis of the NVMe industry is provided in this document, which covers items like SSDs, servers, all-flash arrays, and adapters. Additionally, it takes into account deployment locations, which include on-site, remote, and hybrid configurations, as well as networking protocols including Ethernet, Fibre Channel, and InfiniBand. The paper also analyses the market in several geographic and vertical contexts. The research seeks to offer a full overview of the changing NVMe landscape and its global prediction through 2025 by offering insights into these important components.
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The Asia Pacific Non-Volatile Memory Express (NVMe) Market is anticipated to grow significantly over the next years, according to forecasts. This market, which is projected to start out at USD 9.9 billion in 2020 and soar to an impressive USD 43.5 billion by 2025, representing an impressive compound annual growth rate (CAGR) of 34.3% over this time, is anticipated to do so. This significant growth highlights the Asia Pacific region's key role in promoting the use of NVMe technology, which has been fueled by factors like rising data storage requirements, technological breakthroughs, and an increase in the need for high-performance storage solutions across a variety of Asia Pacific businesses. The outlook for the region's NVMe market over the following several years is positive, according to this forecast.
The impressive performance improvements that NVMe technology provides are primarily driving the growth of Non-volatile Memory Express (NVMe) Market in Asia Pacific. This expansion is mostly driven by the growing NVMe use across a variety of important components, including servers, SSDs, and storage appliances. In addition, the development of end-to-end NVMe over fabrics (NVMe-Of) and the expanding use of NVMe in cutting-edge technologies like blockchain, IoT, big data, and artificial intelligence are opening up attractive market potential for NVMe adoption across the Asia Pacific region. This development highlights the dynamic role the region has played in accepting and developing NVMe technology to satisfy the changing requirements of contemporary computing and data-intensive applications.
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By product, all-flash arrays segment is projected to grow at high rate in the Asia Pacific NVMe market during the forecast period
In the Asia Pacific NVMe market, the all-flash arrays category is anticipated to increase significantly and at a rapid compound annual growth rate (CAGR). This strong development is largely related to the Asia Pacific region's growing usage of all-flash arrays in businesses and data centres. Through drivers like vSphere, the Linux kernel, and Windows, NVMe-based all-flash arrays take advantage of flash memory and offer seamless communication. These arrays have many benefits, including quicker read/write operations, increased input/output operations per second (IOPS), and minimal latency. These all-flash arrays are a desirable option since they require less upkeep, generate less heat, and use less power due to the lack of moving parts.
By vertical, the healthcare segment in Asia Pacific NVMe Market is stipulated to witness a high growth rate
The Asia Pacific NVMe market's healthcare vertical is anticipated to grow rapidly throughout the forecast period, with a high predicted compound annual growth rate (CAGR). The main forces behind this astounding rise include developments in telemedicine, healthcare robotics, and cutting-edge medical research. In order to support sophisticated analytics, healthcare organisations in the Asia Pacific area are increasingly concentrating on improving their data storage and management capabilities. The recording, analysis, and tracking of patient medical records are made easier by effective data storage. Also encouraging the adoption of NVMe-based products and storage solutions, which offer improved data storage capabilities, are new healthcare offers like collaboration solutions via mobile devices, video conferencing, and integrated applications.
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Japan is projected to witness a high market share in the APAC market from 2020 to 2025
Throughout the projected period, Japan is anticipated to hold a sizable market share in the Asia Pacific Non-Volatile Memory Express (NVMe) market. This importance can be credited to Japan's small and medium-sized organisations' (SMEs) quick embrace of cloud technology, which is what gave rise to the nation's strong cloud infrastructure. The cloud services market in Japan is not only developed, but it also has a sizable room for expansion for service providers. The country's NVMe market will increase as a result of the spike in cloud usage and the rising demand for NVMe to address high-performance computing needs in cloud services. Additionally, Japan gains from beneficial government programmes and financial operations, such the recent USD 320 million subsidy given to Micron Technology, Inc. for the development of sophisticated memory chips in Hiroshima. These encouraging steps are anticipated to help Japan's NVMe industry grow even faster and become a major player in the region.
Key Players in the Market
The key players operating in the Asia Pacific non-volatile memory express (NVMe) market are Kioxia Corporation (Japan), SK Hynix, Inc. (South Korea), Renesas Electronics Corporation (Japan), SAMSUNG (South Korea), Intel Corporation (US), and Western Digital Corporation (US), among others.
A cutting-edge gaming PCIe Gen-4 SSD based on NVMe technology was revealed in October 2022 by Western Digital Corporation, a well-known US technology business. This cutting-edge SSD meets the needs of ardent gamers and enthusiasts looking for great performance with a data transfer rate of up to 7,300 MB/s. Notably, Western Digital's choice to focus on the Indian market with this product demonstrates the company's understanding of India's expanding gaming industry and the growing need among Indian gamers for high-speed storage solutions. This introduction is a result of the tech sector's ongoing efforts to meet the changing storage needs of gamers in India and elsewhere by offering top-tier storage solutions.
The latest invention from South Korean tech titan SAMSUNG, the 980 NVMe SSD, was unveiled in March 2021. With sequential read and write speeds of up to 3,500 and 3,000 MB/s, respectively, this advanced SSD provides remarkable performance. This SSD offers great speed and is made to meet the demands of both casual PC users and gamers, making it a flexible and potent storage option. With the introduction of the 980 NVMe SSD, SAMSUNG has demonstrated its dedication to advancing storage technology and satisfying the needs of a wide variety of customers, from those who use computers for daily work to gamers who want increased system performance and dependability.
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