NVMe Over Fiber Channel Market Scope of Current and Future Industry 2031

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The demand for NVMe over fiber channel is expected to top US$ 30.36 Bn in 2021. As per Future Market Insights (FMI) analysis, the market will register impressive growth at 23.7% CAGR between 2021 and 2031, as enterprises around the world exhibit higher demand for NVMe over fiber channel.

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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2016-2020 NVMe over Fiber Channel Demand Outlook Compared to 2021-2031 ForecastThe 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.

Which Growth Strategies are Highly Sought-after among NVMe over Fiber Channel Providers?
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.

Competitive Landscape
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
The inclination of established players in the market happens to be towards the development of advanced memory technologies to fulfill specific requirements of the customers, cultivating the demand for innovative and advanced products in the market.

  • 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.

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Key Points Covered in NVMe over Fiber Channel End-user Survey

  • 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
Market Segmentation by CategoryProduct: 

  • 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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About Future Market Insights (FMI)

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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