Published on : Sep 18, 2019
Recently a novel report is added by Researchmoz.us, titled, “Non-volatile Memory Express (NVMe) Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2019 – 2027.”
With the rising inclination of several nations towards digitalization, the data has turned out to be an important resource to be stored. Data give a decent access to the consumer behavior, furling profitability.
Due to this, the generated data and its storage become a major concern for the companies. As several mid, large, and small companies are dependent on cloud technology to get access to the consumer data, the importance of non-volatile memory express is foreseen to help faster data transmission for this. Owing to constant growth and alterations in the features, along with the rising demand from the companies for digitalization, the applications related to non volatile memory express system is expected to increase in the span of coming years.
In spite of being at initial stage, the non volatile memory express gives high performance, which is expected to surge the advancements in data-centric technologies, for example, automation, artificial intelligence, and machine learning. Increasing workload in the companies is also anticipated to contribute in the growth of global NVM express market.
Nevertheless, the exceptional demand in the global non volatile memory express market is expected to be hindered by the high cost of NVM express. This cost is majorly dependent on SDDs for its function. The increase in price makes the complete application of NVMe, expensive,
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Geographically, North America, being a hub for data-centric organizations, for example, Amazon, Microsoft, Google, and Facebook, it dominates the global non volatile memory express market. Apart from this, since various big and small companies are looking forward to migrate from on-premise servers to cloud-computing, the non volatile memory express market is foreseen to project an aggressive growth scope in the region.