Newly released data on NVMe over fiber channel market indicates a 22% y-o-y growth in 2021. NVMe SSD will continue to have the largest market share among product types. Growth in the segment is expected to unfold at a little below 30% CAGR over the course of the assessment period.
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- Market Estimates and Forecast 2016-2031
- Key Drivers and Restraints Impacting Market Growth
- Segment-wise, Country-wise, and Region-wise Analysis
- Competition Mapping and Benchmarking
- Brand Share and Market Share Analysis
- Key Product Innovations and Regulatory Climate
- COVID-19 Impact on NVMe over Fiber Channel and How to Navigate
- Recommendation on Key Winning Strategies
The global NVMe over fiber channel market size is expected to rise at a CAGR of 23.7% during the forecast period 2021-2031, in comparison to 20.8% CAGR registered between 2021 and 2031.
Initially, traditional SSDs were used more commonly across various applications. However, with the introduction of NVMe SSD, there has been a huge rise in switch towards NVMe SSDs. One of the major differences between SSDs and NVMe SSDs is that traditional SSDs store data with the help of integrated circuits whereas, NVMe is an interface used to access the data which is stored, at a much higher speed.
NVMe is more progressive than SSDs. It is therefore better encrypted and faster than the traditional SSDs. Consequently, the high demand for NVMe SSD are expected to drive the growth of the market on a global scale. The global market valuation is anticipated to reach over US$ 255.64 Bn by 2031.
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Companies operating in the market are delivering NVMe compatible products and solutions proactively, to help end users maneuver through the ever-changing requirements.
With the technological advancements in NVMe, there has been a rise in use of NVMe technologies in SSDs, servers, and storage appliances. Companies have been working with software development teams to cater to their demand for customization, aimed at meeting their frequently-changing industry specific requirements.
Companies offering NVMe over fiber channel are aiming at innovation and strategic partnerships with other software vendors in order to expand their portfolios while addressing the demand of an expanding customer pool.
Introduction of new solutions and services and strategic partnerships are key strategies adopted by the top players in the NVMe over fiber channel landscape. Solid investments are being made in research and development segment by the global players in the market which is expected to provide substantial market developments.
- For instance, in 2020, Intel Corporation has invested 13.6 Bn on the research and development initiatives accounting for 17.4% of the total revenue. The research and development investments are focused on process technology, PC and data-centric businesses, and advancements in 5G technology
- In February 2018, Intel Corporation announced the launch of Intel SSD DC P4510 Series and P4511 Series for data center applications.
- In March 2018, Intel Corporation announced the launch of Intel Optane SSD 800P, which is available in the M.2 22890 form factor with NVMe PCIe 3.0 interface.
NVMe over fiber channel providers are also focusing on entering into partnerships with technology and digital solution providers to target new innovations within the market. The strategy helps companies to broaden their geographic reach with additional service portfolios.
Product:
- NVMe All-Flash Storage Arrays
- NVMe Switch Adapters
- NVMe SSD
- Others
Enterprise Size:
- Small & Medium Enterprises (SMEs)
- Large Enterprises
End User:
- Data Centers Vendors
- Networking Vendors
- Telecom Service Providers
- Government
- Enterprises
- Others
Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia & Pacific
- Middle East and Africa (MEA)
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Key Questions Answered in the Report
What is the global market size of NVMe over Fiber Channel?
At what rate did the demand for NVMe over Fiber Channel grow in the last five years?
What are the key market trends shaping the demand for NVMe over Fiber Channel?
Which countries are key producers of NVMe over Fiber Channel?
What is the global NVMe over Fiber Channel market growth outlook between 2020 and 2021?
What is the North America growth outlook for NVMe over Fiber Channel adoption?
Who are the top NVMe over Fiber Channel providers and what is their market share?
At what rate will the demand for NVMe over Fiber Channel rise in the Europe market?
Which are the top five countries driving NVMe over Fiber Channel demand?
What are the key statistics for NVMe over Fiber Channel in Japan and South Korea?
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