Spotlight on the NVMe Market: Market Expected to Reach $163.5 Billion by 2025

1. MarketsandMarkets Presents The Non-volatile Memory Express (NVMe) Market is Asia Pacific is projected to grow from USD 44.6 billion in 2019 to USD 163.5 billion by 2025; it is expected to grow at a CAGR of 29.7% from 2020 to 2025. The growth of the Non-volatile Memory Express (NVMe) market in Asia Pacific is driven by significant performance advancements offered by NVMe, and increasing adoption of NVMe technologies in servers, SSDs, and storage appliances. End-to-end NVMe over fabrics (NVMe-Of), and growing adoption of NVMe for artificial intelligence, IoT, big data, and blockchain are creating market opportunities for non-volatile memory express (NVMe) across the Asia Pacific.

2. MarketsandMarkets Presents By product, all-flash arrays segment is projected to grow at high rate in the Asia Pacific NVMe market during the forecast period The all-flash arrays segment is expected to grow at a high CAGR across Asia Pacific NVMe market during the forecast timeframe. The high growth rate is credited to the increasing adoption of all-flash arrays across enterprises and data centers in the Asia Pacific region. NVMe- based all-flash arrays use flash memory and provide high-end connectivity from drivers such as vSphere, Linux kernel, and Windows. These NVMe-based all-flash arrays also offer several benefits, such as faster read/write operations, faster input/output operations per second (IOPS), and low latency. Since all-flash arrays have no moving parts, it requires less maintenance, generates less heat, and utilizes less power.

3. MarketsandMarkets Presents By vertical, the healthcare segment in Asia Pacific NVMe Market is stipulated to witness a high growth rate The healthcare vertical in Asia Pacific NVMe market is projected to grow at a high CAGR during the forecast timeline. Advancements drive the high growth rate in telemedicine, healthcare robotics, and advanced medical research. Many healthcare organizations across Asia Pacific have started improving their data storage and management for analytics purposes. With adequate data storage, it is easy to record, analyze, and track any patients medical records. Download PDF https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=3045 8978 Brochure @

4. MarketsandMarkets Presents By vertical, the healthcare segment in Asia Pacific NVMe Market is stipulated to witness a high growth rate New offerings in healthcare, such as collaborative solutions through mobile devices, video conferencing, and built-in applications, enable the adoption of NVMe-based products and storage solutions that offer advanced data storage. This in turn, will fuel the adoption of NVMe- based solutions across the healthcare sector in the Asia Pacific region in coming years.

5. MarketsandMarkets Presents Japan is projected to witness a high market share in the APAC market from 2020 to 2025 During the forecast period, Japan is expected to witness high market share in the Asia Pacific non-volatile memory express (NVMe) market. In recent years, the adoption rate of cloud by SMEs in Japan has been very high, primarily driving the countrys cloud infrastructure. The market for cloud services in Japan is matured. The country is one of the most developed markets for cloud services while maintaining substantial growth potential for providers. Speak https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=30 458978 to Analyst @

6. MarketsandMarkets Presents Japan is projected to witness a high market share in the APAC market from 2020 to 2025 This further drives the demand for NVMe for high-performance computing requirements of cloud services over the forecast period. Adding to this, favorable government initiatives and funding activities by the regional government will further support the NVMe market growth across Japan. For instance, in September 2022, the Japanese Government announced to provide a subsidy of USD 320 million to US- based chipmakers Micron Technology, Inc. (US) to support its plan to produce advanced memory chipsets at the Hiroshima factory in Japan. Such supportive initiatives will further boost the NVMe market growth across the region.

7. MarketsandMarkets Presents Key Players The key players operating in the Asia Pacific Non-volatile Memory Express (NVMe) Market are Kioxia Corporation (Japan), SK Hynix, Inc. (South Korea), Renesas Electronics Corporation (Japan), SAMSUNG (South Korea), Intel Corporation (US), and Western Digital Corporation (US), among others. Browse For More Details - https://www.marketsandmarkets.com/Market-Reports/non-volatile- memory-express-market-30458978.html

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