Description
The global Non-volatile Memory Express (NVMe) market size was valued at USD 45.3 billion in 2021 and is expected to reach USD 171.4 Billion with a CAGR of 27.1% in 2022-2028. The growing adoption of NVMe technologies in SSDs, servers and storage appliances over older storage connection interfaces such as serial attached SCSI (SAS) and Serial Advanced Technology Attachment (SATA), the rapid rise in data generation, increasing demand for data storage and processing infrastructure and growing technological advancements to enhance NVMe performance are the primary factors driving the growth of the global non-volatile memory express (NVMe) market during the forecast period. Moreover, the NVMe is designed to deliver high bandwidth and low latency storage access, which is anticipated to drive the growth of the global non-volatile memory express (NVMe) market in the coming years.
