In 2021, it’s anticipated that the market for NVMe over fibre channel will reach US$30.36 billion. According to Future Market Insights’ (FMI) analysis, the market will grow impressively between 2021 and 2031, at a CAGR of 23.7%, as businesses around the world show a greater preference for NVMe over fibre channel.
According to recently published data, the market for NVMe over fibre channel is expected to grow by 22% in 2021. The market share of NVMe SSDs will remain the highest among all product categories. Over the course of the assessment period, growth in the segment is anticipated to proceed at a CAGR that is just under 30%.
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The NVMe (Non-Volatile Memory Express) over Fiber Channel market refers to the segment of the data storage industry that produces solutions for connecting NVMe-based storage devices to servers and other computing systems using Fiber Channel networks. NVMe is a protocol for accessing solid-state drives (SSDs) over PCIe (Peripheral Component Interconnect Express) interfaces, which enables faster data transfer rates and lower latency than traditional SAS (Serial Attached SCSI) and SATA (Serial Advanced Technology Attachment) interfaces.
NVMe over Fiber Channel (NVMe/FC) solutions use the Fiber Channel network to provide high-performance and low-latency connectivity between NVMe-based storage devices and computing systems. These solutions offer several advantages over traditional storage solutions, including faster data transfer rates, reduced latency, and improved scalability and reliability.
The market is expected to continue to grow in the coming years, driven by the increasing demand for high-performance and low-latency storage solutions in data centers and cloud computing environments. Additionally, the market is expected to benefit from the development of new NVMe/FC technologies, such as NVMe/FC Gen 7, which will offer even faster data transfer rates and improved scalability and reliability.
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Competitive Landscape
Companies offering NVMe over fiber channel are aiming at innovation and strategic partnerships with other software vendors in order to expand their portfolios while addressing the demand of an expanding customer pool.
Introduction of new solutions and services and strategic partnerships are key strategies adopted by the top players in the NVMe over fiber channel landscape. Solid investments are being made in research and development segment by the global players in the market which is expected to provide substantial market developments.
Market Segmentation by Category
Product:
- NVMe All-Flash Storage Arrays
- NVMe Switch Adapters
- NVMe SSD
- Others
Enterprise Size:
- Small & Medium Enterprises (SMEs)
- Large Enterprises
End User:
- Data Centers Vendors
- Networking Vendors
- Telecom Service Providers
- Government
- Enterprises
- Others
Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia & Pacific
- Middle East and Africa (MEA)
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Table of Content
1. Executive Summary
1.1. Market Outlook
1.2. Demand Side Trends
1.3. Supply Side Trends
1.4. Analysis and Recommendations
2. Market overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Key Trends Impacting the Market
3.1. Key Trends Impacting the Market
3.2. Innovation/Development Trends
4. COVID-19 Pandemic Crisis Impact Analysis
About Future Market Insights, Inc.
Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.
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