Global Non-volatile Memory Express Market Size & Outlook

The global non-volatile memory express market size was estimated at USD 128,964.2 million in 2024 and is projected to reach USD 876,525.7 million by 2033, growing at a CAGR of 23.8% from 2025 to 2033.
Revenue, 2024 (US$M)
$128,964.2
Forecast, 2033 (US$M)
$876,525.7
CAGR, 2025 - 2033
23.8%
Report Coverage
Worldwide

Global non-volatile memory express market, 2021-2033 (US$M)

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Global non-volatile memory express market highlights

  • The global non-volatile memory express market generated a revenue of USD 128,964.2 million in 2024 and is expected to reach USD 876,525.7 million by 2033.
  • The market is expected to grow at a CAGR (2025 - 2033) of 23.8% by 2033.
  • In terms of segment, ethernet accounted for a revenue of USD 158,526.7 million in 2024.
  • Ethernet is the most lucrative communication standard segment registering the fastest growth during the forecast period.
  • In terms of region, North America was the largest revenue generating market in 2024.

Global data book summary

Market revenue in 2024USD 128,964.2 million
Market revenue in 2033USD 876,525.7 million
Growth rate23.8% (CAGR from 2025 to 2033)
Largest segmentEthernet
Fastest growing segmentEthernet
Historical data covered2021 - 2023
Base year for estimation2024
Forecast period covered2025 - 2033
Quantitative unitsRevenue in USD million
Market segmentationEthernet

Other key industry trends

  • In terms of revenue, the North America accounted for 27.6% of the global non-volatile memory express market in 2024.

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Non-Volatile Memory Express Market Companies

Name Profile # Employees HQ Website
Marvell View profile 5001-10000 Santa Clara, California, United States, North America https://www.marvell.com/
Western Digital Corp View profile 53000 5601 Great Oaks Parkway, San Jose, CA, United States, 95119 https://www.wdc.com
Micron Technology Inc View profile 43000 8000 South Federal Way, Post Office Box 6, Boise, ID, United States, 83716-9632 https://www.micron.com
Toshiba Corporation View profile 10001+ Tokyo, Tokyo, Japan, Asia http://www.toshiba.com/tai/
Cisco Systems Inc View profile 84900 170 West Tasman Drive, San Jose, CA, United States, 95134-1706 https://www.cisco.com
Samsung Electronics Co Ltd View profile 124804 129, Samsung-ro, Yeongtong-gu, Gyeonggi-do, Suwon-si, Korea, Republic of, 443-742 https://www.samsung.com
Broadcom Inc View profile 20000 3421 Hillview Avenue, Palo Alto, CA, United States, 94304 https://www.broadcom.com
Dell Technologies Inc Ordinary Shares - Class C View profile 120000 One Dell Way, Round Rock, TX, United States, 78682 https://www.delltechnologies.com
International Business Machines Corp View profile 282200 One New Orchard Road, Armonk, NY, United States, 10504 http://www.ibm.com
Intel Corp View profile 124800 2200 Mission College Boulevard, Santa Clara, CA, United States, 95054-1549 https://www.intel.com

Global non-volatile memory express market outlook

The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to non-volatile memory express market will help companies and investors design strategic landscapes.


Ethernet was the largest segment with a revenue share of 122.92% in 2024. Horizon Databook has segmented the Global non-volatile memory express market based on ethernet covering the revenue growth of each sub-segment from 2021 to 2033.


  • Global Non-Volatile Memory Express Communication Standard Outlook (Revenue, USD Million, 2021-2033)
    • Ethernet
    • Fibre Channel
    • InfiniBand
  • Global Non-Volatile Memory Express Deployment Outlook (Revenue, USD Million, 2021-2033)
    • Cloud
    • On-Premises
    • Hybrid
  • Global Non-Volatile Memory Express Application Outlook (Revenue, USD Million, 2021-2033)
    • Media & Entertainment
    • Consumer Goods & Retail
    • IT & Telecommunications
    • Healthcare
    • BFSI
    • Education
    • Manufacturing
    • Others

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Horizon Databook provides a detailed overview of global-level data and insights on the Global non-volatile memory express market , including forecasts for subscribers. This global databook contains high-level insights into Global non-volatile memory express market from 2021 to 2033, including revenue numbers, major trends, and company profiles.

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Global non-volatile memory express market size, by regions, 2021-2033 (US$M)

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