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Non-Volatile Memory Express (NVMe)-Over-Fabrics switch Market Forecast: Value Set To Climb From $2.04 Billion To $5.4 Billion
The non-volatile memory express (nvme)-over-fabrics switch market has seen substantial growth in recent years. This market is expected to expand from $1.59 billion in 2025 to $2.04 billion in 2026, achieving a compound annual growth rate (CAGR) of 27.9%. The market’s growth during the preceding period can be linked to factors such as the rise of hyperscale data centers, increased adoption of nvme storage, the expansion of cloud infrastructure, growing demand for high-speed enterprise storage, and the necessity for efficient data movement across networks.
The non-volatile memory express (nvme)-over-fabrics switch market is poised for significant expansion over the next few years. It is forecast to grow to $5.4 billion in 2030, demonstrating a compound annual growth rate (CAGR) of 27.6%. This anticipated growth can be attributed to the uptake of nvme-over-fabrics in high-performance computing (HPC) systems, the enlargement of cloud service provider networks, its integration with AI-based storage management, increasing demand for low-latency scalable storage solutions, and the rollout of ethernet and infiniband fabrics. Notable trends during this forecast period include advanced high-performance nvme storage connectivity, streamlined low-latency data movement, the creation of scalable shared storage pools, vendor-neutral nvme integration across different fabrics, and sophisticated network traffic management.
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Non-Volatile Memory Express (NVMe)-Over-Fabrics switch Market Growth Momentum: What Factors Are Shaping Demand?
The expanding use of cloud-based solutions is anticipated to drive forward the growth of the non-volatile memory express (NVMe)-over-fabrics switch market. These solutions involve software or services hosted remotely and accessed via the internet, enabling users to store data, run applications, and collaborate independently of local hardware. The widespread adoption of cloud solutions is on the rise because they empower businesses to effortlessly scale operations and manage increasing workloads without substantial capital outlay for physical servers or IT infrastructure, offering both adaptability and economic benefits. Within cloud computing environments, an NVMe-over-Fabrics (NVMe-oF) switch provides extremely rapid, low-latency access to shared NVMe storage, thereby establishing a scalable, efficient, and interoperable infrastructure suitable for intensive workloads. For example, AAG IT Services, a UK-based IT and digital transformation services firm, reported in October 2025 that public cloud services generated over $415 billion in revenue in 2022, with projections reaching $526 billion in 2023. Consequently, the growing acceptance of cloud-based solutions is fueling the expansion of the non-volatile memory express (NVMe)-over-fabrics switch market.
Non-Volatile Memory Express (NVMe)-Over-Fabrics switch Market Segment Breakdown: Which Categories Lead On Revenue?
The non-volatile memory express (nvme)-over-fabrics switch market covered in this report is segmented –
1) By Component: Hardware, Software, Services
2) By Fabric Type: Ethernet, Fiber Channel, InfiniBand, Other Fabric Types
3) By Application: Data Centers, Enterprise Storage, Cloud Service Providers, High-Performance Computing, Other Applications
4) By End-User: Information Technology And Telecommunications, Banking, Financial Services, And Insurance (BFSI), Healthcare, Government, Media And Entertainment, Other End-Users
Subsegments:
1) By Hardware: Switch Module, Controller Card, Interface Adapter, Network Processor
2) By Software: Management Software, Monitoring Software, Security Software, Configuration Software
3) By Services: Installation Services, Maintenance Services, Consulting Services, Training Services
Non-Volatile Memory Express (NVMe)-Over-Fabrics switch Market Trends Redefining Industry Growth
Companies active in the non-volatile memory express (NVMe)-over-fabrics market are concentrating on creating advanced solutions, including NVMe specification updates, to enhance interoperability, performance, and scalability within modern distributed storage infrastructures. An NVMe specification update represents a standardized improvement, bringing in new command sets, security features, and transport functionalities to optimize storage device operation across networked NVMe fabrics. As an illustration, in August 2024, NVM Express, Inc., a US-based non-profit organization, unveiled the NVMe 2.1 Specifications alongside related new feature specifications. This particular update incorporates significant capabilities such as the live migration of NVMe controllers, NVMe-over-Fabrics zoning, host-directed data placement, and network boot support. Such advancements contribute to fortifying the NVMe-oF ecosystem by simplifying development, boosting data mobility, and facilitating more secure, scalable, and efficient storage solutions across cloud, enterprise, and AI settings.
Non-Volatile Memory Express (NVMe)-Over-Fabrics switch Market Leading Players And Competitive Positioning
Major companies operating 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., SANBlaze Technology Inc.
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Non-Volatile Memory Express (NVMe)-Over-Fabrics switch Market Geographic Spread And Regional Opportunities
North America was the largest region in the non-volatile memory express (NVMe)-over-fabrics switch market in 2025. The regions covered in the non-volatile memory express (nvme)-over-fabrics switch market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Wasay has over a decade of experience in market research, data modelling, and analytics, with prior experience at GlobalData and Decision Tree Consulting Services. At The Business Research Company , he leads research operations across syndicated studies, customized consulting engagements, and the Global Market Model platform. His professional experience includes supporting organizations such as Boston Consulting Group, KPMG, and Ernst & Young. Wasay holds a degree in Electronics and Communications Engineering, postgraduate management qualifications from International Management Institute Belgium and Indian School of Business and Entrepreneurship, and completed the Integrated Program in Business Analytics from Indian Institute of Management Indore.
