Non-Volatile Memory Express (NVMe)-Over-Fabrics switch Global Market Report 2025

The non-volatile memory express (NVMe)-over-fabrics switch market size has grown exponentially in recent years. It will grow from $1.24 billion in 2024 to $1.59 billion in 2025 at a compound annual growth rate (CAGR) of 28.1%. The growth during the historic period can be attributed to the growing adoption of data centers, increasing demand for high speed storage access, rising cloud computing workloads, expanding enterprise IT infrastructure, and increasing demand for low latency storage solutions.

The non-volatile memory express (NVMe)-over-fabrics switch market size is expected to see exponential growth in the next few years. It will grow to $4.24 billion in 2029 at a compound annual growth rate (CAGR) of 27.7%. The growth during the forecast period can be attributed to rising demand for AI and machine learning workloads, growing adoption of edge computing, increasing enterprise investments in storage virtualization, growing demand for scalable storage infrastructure, and rising adoption of hybrid and multi cloud models. Major trends in the forecast period include technological advancements in fabric switches, innovations in low latency networking, developments in storage virtualization technologies, research and development in high performance storage protocols, and advancements in interoperability and standardization.

The rising adoption of cloud based solutions is expected to drive the growth of the non volatile memory express NVMe over fabrics switch market in the coming years. Cloud based solutions are software or services hosted on remote servers and accessed via the internet, allowing users to store data, run applications, and collaborate without relying on local hardware. Their growing adoption is driven by the ability to scale operations and handle increasing workloads without major investments in physical servers or IT infrastructure, offering flexibility and cost efficiency. An NVMe over fabrics switch in cloud computing delivers ultra fast, low latency access to shared NVMe storage, ensuring scalable, efficient, and interoperable infrastructure for demanding workloads. For example, in December 2023, Eurostat, a Luxembourg based statistical office of the European Union, reported that 45.2 percent of EU enterprises used cloud computing services in 2023, a rise of 4.2 percentage points from 2021. Therefore, the growing adoption of cloud based solutions is boosting the growth of the non volatile memory express NVMe over fabrics switch market.

Leading companies in the non volatile memory express NVMe over fabrics switch market are developing innovative solutions, such as enterprise grade, container native storage software to improve data throughput, reduce latency, and enhance scalability across complex data center environments. Enterprise grade, container native storage software is designed to deliver high performance, reliability, and scalability for large organizations while supporting containerized applications and cloud native environments. For instance, in May 2022, DataCore, a US based software defined storage company, launched Bolt, an enterprise grade, container native storage software tailored for Kubernetes environments. Bolt uses NVMe over Fabrics TCP technology to deliver fast, low latency, high performance persistent block storage for stateful applications running on Kubernetes clusters in both cloud and on premises environments. Built on open source OpenEBS technology acquired from MayaData, it offers a composable, disaggregated storage architecture that removes the complexity and delays of traditional storage systems. Bolt integrates storage management directly into Kubernetes, streamlining DevOps CI/CD pipelines by automating storage provisioning, replication, and scaling alongside container workloads.

In March 2022, NVIDIA Corporation, a US based technology company specializing in graphics processing units GPUs and data center solutions, acquired Excelero for an undisclosed sum. This acquisition enables NVIDIA to strengthen its high performance computing HPC and artificial intelligence AI data center portfolio by integrating Excelero’s advanced software defined storage solutions. This allows for faster, more scalable, and more efficient storage access in GPU accelerated environments, meeting the needs of data intensive workloads and enterprise applications. Excelero is an Israel based provider of high performance software defined storage solutions, including non volatile memory express NVMe over fabrics solutions.

Major players in the non-volatile memory express (NVMe)-over-fabrics switch market are Huawei Technologies Co. Ltd., Dell Technologies Inc., International Business Machines Corporation, NVIDIA Corporation, Cisco Systems Inc., Lenovo Group Limited, Intel Corporation, Broadcom Inc., NEC Corporation, Kingston Technology Company Inc., Western Digital Corporation, Super Micro Computer Inc., Microchip Technology Incorporated, Sanmina Corporation, Marvell Technology Inc., Pure Storage Inc., Edgecore Networks Corporation, Viking Enterprise Solutions Inc., ATTO Technology Inc., NVM Express Inc., and SANBlaze Technology Inc.

North America was the largest region in the non-volatile memory express (NVMe)-over-fabrics switch market in 2024. The regions covered in non-volatile memory express (NVMe) over fabrics switch report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report’s Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.

The rapid escalation of U.S. tariffs and the resulting trade tensions in spring 2025 are significantly impacting the information technology sector, particularly in hardware manufacturing, data infrastructure, and software deployment. Higher duties on imported semiconductors, circuit boards, and networking equipment have raised production and operational costs for tech firms, cloud service providers, and data centers. Companies relying on globally sourced components for laptops, servers, and consumer electronics are facing longer lead times and increased pricing pressures. In parallel, tariffs on specialized software tools and retaliatory measures from key international markets have disrupted global IT supply chains and reduced overseas demand for U.S.-developed technologies. To navigate these challenges, the sector is accelerating investments in domestic chip fabrication, diversifying supplier bases, and adopting AI-driven automation to enhance operational resilience and cost efficiency.

The non-volatile memory express (NVMe)-over-fabrics switch market research report is one of a series of new reports that provides non-volatile memory express (NVMe)-over-fabrics switch market statistics, including non-volatile memory express (NVMe)-over-fabrics switch industry global market size, regional shares, competitors with a non-volatile memory express (NVMe)-over-fabrics switch market share, detailed non-volatile memory express (NVMe)-over-fabrics switch market segments, market trends and opportunities, and any further data you may need to thrive in the non-volatile memory express (NVMe)-over-fabrics switch industry. This non-volatile memory express (NVMe)-over-fabrics switch market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

A non volatile memory express NVMe over fabrics switch is a high performance network switch that enables the connection and management of NVMe storage devices over advanced fabrics such as ethernet, infiniband, or fibre channel, ensuring seamless data transfer with minimal latency. It extends the speed and efficiency of NVMe beyond local servers by enabling scalable, shared storage pools that deliver high bandwidth and low latency for demanding environments such as hyperscale data centers, cloud infrastructures, and high performance computing systems.

The primary components of a non volatile memory express NVMe over fabrics switch are hardware, software, and services. Hardware refers to the physical components of a system that perform functions such as processing, storage, or networking. In NVMe over fabrics switches, hardware enhances high speed data transfer, reduces latency, improves interoperability, supports scalability, and optimizes performance. Various fabrics include ethernet, fibre channel, infiniband, and others. It is used in several applications, including data centers, enterprise storage, cloud service providers, high performance computing, and more, and serves end users such as information technology and telecommunications, banking, financial services, and insurance BFSI, healthcare, government, and media and entertainment.

The countries covered in the non-volatile memory express (NVMe) over fabrics switch market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The non-volatile memory express (NVMe) over fabrics switch market consists of revenues earned by entities by providing services such as high-speed storage connectivity, storage pooling and sharing, scalability services, centralized management, and load balancing. The market value includes the value of related goods sold by the service provider or included within the service offering. The non-volatile memory express (NVMe) over fabrics switch market also includes sales of fiber channel switches, ethernet switches, converged network adapters, host bus adapters, and firmware components. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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