Global Non-Volatile Memory Express (NVMe) Market to Reach $794.9 Billion by 2030
The global market for Non-Volatile Memory Express (NVMe) estimated at US$149.7 Billion in the year 2023, is expected to reach US$794.9 Billion by 2030, growing at a CAGR of 26.9% over the analysis period 2023-2030. Solid-State Drives, one of the segments analyzed in the report, is expected to record a 27.9% CAGR and reach US$387.9 Billion by the end of the analysis period. Growth in the Adapters segment is estimated at 23.9% CAGR for the next 7-year period.
The U.S. Market is Estimated at $48.4 Billion, While China is Forecast to Grow at 25.9% CAGR
The Non-Volatile Memory Express (NVMe) market in the U.S. is estimated at US$48.4 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$132.3 Billion by the year 2030 trailing a CAGR of 25.9% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 23.6% and 22.8% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 18.5% CAGR.
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