The Non-volatile Memory Express (NVMe) Market Size is anticipated to increase from USD 44.6 billion in 2019 to USD 163.5 billion by 2025, growing at a CAGR of 29.7% between 2020 and 2025. The market's expansion is primarily being driven by the expanding use of NVMe technologies in SSDs, servers, and storage appliances; the exponential growth in data generation and changing infrastructure needs for data processing and storage; and the notable performance gains made possible by NVMe.

The major players in the Non-volatile Memory Express (NVMe) Market include Samsung Electronics Co., Ltd. (Samsung) (South Korea), Western Digital Corporation (Western Digital) (US), Intel Corporation (Intel) (US), Dell EMC (US), Hewlett Packard Enterprise (HPE) (US), Broadcom Inc. (Broadcom) (US), Micron Technology, Inc. (Micron Technology) (US), Cisco Systems, Inc. (Cisco) (US), Toshiba Corporation (Toshiba) (Japan), and NetApp, Inc. (NetApp) (US).

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Top 2 Players in the NVMe Market are:

Intel (US)

Intel has chosen a virtuous cycle of growth as part of its fundamental strategy, enabling the rise of memory, the cloud, data centres, and connected products. As more and more components and devices are connected to one another, there is a growing need for data storage. The company's cutting-edge memory technologies and storage device solutions successfully solve this. The business mostly spends in R&D in order to remain competitive technologically. In terms of R&D spending in 2018, Intel made over 13.5 billion USD. These R&D initiatives assist the business in enhancing and growing its selection of goods and services, gaining an advantage over rivals, and seizing new chances. Additionally, Intel uses product introductions as a successful approach to grow its SSD business internationally.

The business introduced the Intel SSD DC P4510 Series and P4511 Series in February 2018 for use in data centres.

The Intel Optane SSD 800P, which has an NVMe PCIe 3.0 interface and is available in the M.2 22890 form factor, was introduced by the company in March 2018.

Optane DC permanent memory was added to Exadata X8m in September 2019 thanks to cooperation between Intel and Oracle. The business prioritises innovation. Its Optane technology revolutionises memory and storage solutions used in SSDs by combining 3D XPoint technology and memory media that uses NVMe technology, offering small form factors with high capacity.

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Western Digital (US)

With a presence in more than 50 nations, Western Digital serves the key revenue-generating industries, including business, government, education, and transportation. In order to increase sales, the company primarily concentrates on developing its models and designs to make them suitable and simple-to-use solutions. It focuses on data storage solutions and continuously innovates and broadens its portfolio to meet diverse end-user markets' changing memory needs. For instance, the media and entertainment industry uses the WD NVMe Black PCIe SSDs and the Ultrastar NVMe Series for video streaming and distribution. To expand its product portfolio, the company has adopted the inorganic growth strategy of acquiring additional networking and storage businesses.

It purchased Kazan Networks, a producer of NVMe-oF, ASICs, and adaptors used in high-performance data storage systems, in September 2019. In addition to the company's current NVMe products, this acquisition will accelerate the development of NVMe-oF solutions.

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