The Asia Pacific Non-Volatile Memory Express (NVMe) Market is anticipated to increase from USD 9.9 billion in 2020 to USD 43.5 billion by 2025, with a CAGR of 34.3%.
The considerable performance improvements made possible by NVMe, as well as the growing use of NVMe technologies in servers, SSDs, and storage appliances, are what are fueling the growth of the non-volatile memory express (NVMe) market in Asia Pacific. Non-volatile memory express (NVMe) is experiencing market growth in the Asia Pacific region thanks to end-to-end NVMe over fabrics (NVMe-Of) and the increasing popularity of NVMe for blockchain, IoT, big data, and artificial intelligence.
In the Asia Pacific NVMe market, the all-flash arrays category is anticipated to rise quickly over the course of the forecast.
Across the Asia Pacific NVMe market, the all-flash arrays sector is anticipated to expand rapidly over the course of the forecast period. The strong growth rate is attributed to the Asia Pacific region's growing adoption of all-flash arrays by businesses and data centres. Flash memory is used by NVMe-based all-flash arrays, which offer high-end connectivity from drivers like vSphere, the Linux kernel, and Windows. The advantages of these NVMe-based all-flash arrays are quick input/output operations (IOPS), quick read/write operations, and low latency. All-flash arrays require less upkeep, produce less heat, and use less energy because there are no moving parts. Over the course of the forecast period, all-flash arrays' market acceptance is anticipated to be fueled by these premium characteristics.
Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=30458978
Healthcare is predicted to develop quickly in the Asia Pacific NVMe Market, according to vertical.
The Asia Pacific NVMe market is expected to grow rapidly over the course of the forecast period in the healthcare sector. The rapid growth rate in telemedicine, healthcare robots, and advanced medical research is driven by innovations. Across Asia Pacific, a lot of healthcare firms have begun to enhance their data management and storage for analytics. Any patient's medical records can be easily recorded, analysed, and tracked with enough data storage. The adoption of NVMe-based products and storage solutions that offer improved data storage is made possible by new healthcare offerings such collaborative mobile solutions, video conferencing, and built-in applications. This will encourage the use of NVMe-based solutions throughout the Asia Pacific region's healthcare industry in the next years.
From 2020 to 2025, Japan is anticipated to have a significant market share in the APAC region.
Japan is anticipated to hold a sizable market share in the Asia Pacific non-volatile memory express (NVMe) market over the time of forecasting. Japanese SMEs have adopted the cloud at a very high pace recently, which has been the main driver of the nation's cloud infrastructure. In Japan, the market for cloud services is developed. The nation has one of the most mature cloud service industries, but providers still have a lot of room for expansion. Due to the high-performance computing needs of cloud services, this further fuels demand for NVMe over the predicted period. Additionally, encouraging government programmes and funding initiatives by the local government will promote the expansion of the NVMe market in Japan. For instance, the Japanese government stated in September 2022 that it would provide US chipmaker Micron Technology, Inc. (US) a subsidy of USD 320 million to help its ambition to manufacture advanced memory chipsets at the Hiroshima factory in Japan. Such encouraging steps will accelerate the expansion of the NVMe market in the area.
Browse For More Details – https://www.marketsandmarkets.com/Market-Reports/non-volatile-memory-express-market-30458978.html
Key Market Participants
Among others, Kioxia Corporation (Japan), SK Hynix, Inc. (South Korea), Renesas Electronics Corporation (Japan), SAMSUNG (South Korea), Intel Corporation (US), and Western Digital Corporation (US) are among the major companies competing in the Asia Pacific non-volatile memory express (NVMe) industry.
The new gaming PCIe Gen-4 SSD from Western Digital Corporation (US), based on NVMe technology, was released in October 2022. The launch of the new SSD, which can transport data at a rate of up to 7,300 MB/s, is planned for the Indian market.
The new 980 NVMe SSD was introduced by SAMSUNG (South Korea) in March 2021. Sequential read and write rates on the new SSD can reach 3,500 and 3,000 MB/s, respectively. The new SSD is appropriate for both gaming and general-purpose PC applications.
Research Coverage
The non-volatile memory express (NVMe) market is segmented in this study based on product, deployment location, communication standard, industry vertical, and geographic region. The market growth factors, obstacles, opportunities, and challenges are discussed in this study. The research also includes an examination of the value chain and the market leaders' competitive environment.
News Covered:
About MarketsandMarkets™
MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.
The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
Built on the ‘GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies – helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.
To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.
Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Visit Our Website: https://www.marketsandmarkets.com
