Peripheral Component Interconnect Express Market By Product Type (PCI Express 1, PCI Express 2, PCI Express 3, and PCI Express 4), By Application (Storage, Data Center, and Others) – Growth, Future Prospects and Competitive Analysis, 2019 - 2027
Rise in Data Storage Market to Boost the Growth of Peripheral Component Interconnect Express Market
The peripheral component interconnects express market worldwide is expected to grow with a CAGR of 18.4% during the forecast period from 2019 to 2027. The growing data storage market worldwide is the primary growth driver for the peripheral interconnects express market. In addition, peripheral component interconnect express is considered the standard device for connection establishment among various devices internally. Increased bandwidth and speed are some of the significant benefits of these devices, which drive market growth. As a result of these factors, we expect that peripheral component interconnects express the market to show remarkable growth throughout the forecast period.
Market Synopsis
Storage Segment to Continue Leading the Market
The peripheral component interconnects the express market by application and is led by the storage segment. The segment has the largest market share and has more than 40% of the revenue in 2018. With the growing demand to cater to the large amount of data generated, the segment has the largest share. Due to the high performance of peripheral components, interconnects express devices for storage is the foremost growth factor for the segment. In addition, the worldwide growth of data centers is also one of the prominent factors for the segment's growth. Due to all these factors, we expect the North American region to continue its dominant position in the peripheral component express market throughout the estimated period.
North America to Continue Leading the Market
In 2018, the peripheral component interconnected North America led the express market. North America accounts for over 40% of the revenue in the same year. North America has dominance due to the growing construction of regional data centers. The high adoption rate of new technology is the other major growth driver for the region. Increased investment for the accommodation of a large volume of data generation is also one of the growth factors of the North American region. Consequently, we expect the North American region to continue leading the market during the forecast period.
Some prominent players operating in the peripheral component interconnect express market are Intel Corporation, Nvidia Corporation, Toshiba Corporation, PLDA SAS, Samsung Group, Texas Instruments Incorporated, Microsemi Corporation, NXP Semiconductors, Semtech Corporation, Integrated DNA Technologies, Inc., among others.
Historical & Forecast Period
This research report presents the analysis of each segment from 2017 to 2027, considering 2018 as the base year for the research. In addition, compounded Annual Growth Rate (CAGR) for each respective segment was calculated for the forecast period from 2019 to 2027.
Report Scope by Segments
The peripheral component interconnects express market report provides market size and estimates based on market dynamics and key trends observed in the industry. In addition, the report provides a holistic view of the global peripheral component interconnect express market based on product type, application, and geography.
Frequently Asked Questions:
The market for Peripheral Component Interconnect Express is expected to reach US$ XX Bn 2027.
The Peripheral Component Interconnect Express market is expected to see significant CAGR growth over the coming years, at 18.4%.
The report is forecasted from 2019-2027.
The base year of this report is 2021.
Intel Corporation, Nvidia Corporation, Toshiba Corporation, PLDA SAS, Samsung Group, Texas Instruments Incorporated, Microsemi Corporation, NXP Semiconductors are some of the major players in the global market.
