NVMe Market Insights: Navigating a $163.5 Billion Market Opportunity by 2025

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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.
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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.
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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 Brochure _at_
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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.
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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 to Analyst _at_
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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.
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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 -
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