Rise in Data Storage Market to Boost the Growth of Peripheral Component Interconnect Express Market

The peripheral component interconnect express market worldwide is expected to grow with a CAGR of 18.4% during the forecast period from 2023 to 2030. Growing data storage market worldwide is the major growth driver for peripheral interconnect express market. Peripheral component interconnect express is considered as the standard device for connection establishment among various devices internally. Increased bandwidth and more speed are some of the major benefits of these devices, which are driving the growth for the market. As a result of these factors, we expect that peripheral component interconnect expresses market to show remarkable growth throughout the forecast period. 

Storage Segment to Continue Leading the Market

The peripheral component interconnect express market by application is led by storage segment. The segment has the largest market share and have more than 40% of the revenue in 2020. Growing demand to cater large amount of data generated, the segment has the largest share. Due to high performance of peripheral component interconnect express devices for storage is the foremost growth factor for the segment. Worldwide growth of data centers is also one of the prominent factor for growth of the segment. Due to all these aforementioned factors, we expect that North America region will continue its dominance position in the peripheral component express market throughout the estimate period.

North America to Continue Leading the Market

In 2021, the peripheral component interconnect express market is led by North America. North America accounts for over 40% of the revenue in the same year. North America has its dominance due to growing construction of data centers in the region. High adoption rate of new technology is the other major growth driver for the region. Increased investment for accommodation of large volume of data generation is also one of the growth factors of North America region.  As a consequence, we are expecting the North America region to continue leading the market during the forecast period.

Some of the prominent players operating in the peripheral component interconnect express market 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 study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.

The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.

Research Methodology

The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Peripheral Component Interconnect Express market are as follows:

• Research and development budgets of manufacturers and government spending
• Revenues of key companies in the market segment
• Number of end users and consumption volume, price and value.
• Geographical revenues generate by countries considered in the report
• Micro and macro environment factors that are currently influencing the Peripheral Component Interconnect Express market and their expected impact during the forecast period.

Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.

Key questions answered in this report

• What are the key micro and macro environmental factors that are impacting the growth of Peripheral Component Interconnect Express market?
• What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
• Estimated forecast and market projections up to 2032.
• Which segment accounts for the fastest CAGR during the forecast period?
• Which market segment holds a larger market share and why?
• Are low and middle-income economies investing in the Peripheral Component Interconnect Express market?
• Which is the largest regional market for Peripheral Component Interconnect Express market?
• What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
• Which are the key trends driving Peripheral Component Interconnect Express market growth?
• Who are the key competitors and what are their key strategies to enhance their market presence in the Peripheral Component Interconnect Express market worldwide?