NVMe Market at $80 Billion in 2022 – G2M Research

G2M Research announced the release of its Fall 2018 NVM Express (NVMe) Market Sizing Report, which characterizes the burgeoning NVMe market.

The latest report extends the NVMe market forecast into 2022, and provides a spotlight on the growing NVMe/NVMe-oF market ecosystem. With this latest report, G2M Research is offering a new NVMe Ecosystem Snapshot section of the report free of charge.

“The NVMe market and the associated ecosystem continue to grow faster than conventional wisdom had expected,” said Michael Heumann, lead analyst, G2M Research, and managing partner of G2M Communications, Inc. “The popularity of NVMe M.2 SSDs in the consumer sector, and the significant performance gains provided by NVMe U.2 drives, have motivated enterprise and cloud customers to adopt NVMe technology as their primary storage media. We expect that NVMe SSDs will represent the majority of drives shipped in the enterprise in 2019.”

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Key findings in Fall 2018 NVMe Market Sizing Report include:

• NVMe SSDs: The market for NVMe SSDs (U.2, M.2, and PCI AOCs) will reach $9 billion by 2022, growing from just under $2 billion in 2017.
• NVMe-based AFAs: More than 60% of AFAs will utilize NVMe storage media by 2022, and more than 30% of all AFAs will use NVMe over Fabric (NVMe-oF) in either front-side (connection to host) and/or back-side (connection to expansion shelves) fabrics in the same timeframe.
• NVMe Storage Appliances: In their bid to match the performance of AFAs, nearly 80% of storage appliances will provide storage bays for removable NVMe drives (either U.2 or ESDFF) by 2022.
• NVMe over Fabric (NVMe-oF) Adapters: This market will exceed 1.75 million units by 2022, and the bulk of the revenue will be for offloaded NVMe-oF adapters (either FPGA or SoC based adapters).

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