Latest News- PCI Express Market: Storage is expected to lead the Application segment during 2024-2028

The Pci Express Market is being driven by Integration of PCIe with IEEE 1394 (FireWire)

The Pci Express Market is expected to grow at a CAGR of 28.22% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 53737.8 million. The PCIe market is experiencing significant growth, driven by enterprise demand for advanced PCIe solutions. PCIe 3.0, the long-standing standard, has been superseded by the PCIe 4.0 release. In response, PCI-SIG, the industry consortium overseeing PCI, PCI-X, and PCIe buses, has announced the imminent launch of PCIe 5.0, offering a groundbreaking 32 GT/s bandwidth speed. This next evolution in PCIe technology will set the bar for industry innovation. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Application
  • Storage
  • Data center
  • Others
• End-user
  • Telecom
  • Infrastructure
  • Residential
  • Industrial
  • Others
• Geography
  • North America
    • US
    • Canada
  • APAC
    • China
    • Japan
  • Europe
    • Germany
  • South America
  • Middle East and Africa

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Integration of PCIe with IEEE 1394 (FireWire)
• Increasing number of investments toward construction of data centers
• Need to comply with compliance and regulatory standards

However, the market also witnesses some limitations, which are as follows:

• Failure to manage inventory during changing customer demand
• Interoperability issue of PCIe with upgraded systems
• Design configurability and complexity issues with PCIe

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Market Scope in Pci Express Market Research Report

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Research Analysis Overview

The PCI Express market is experiencing significant growth due to the increasing demand for high-performance peripherals in various sectors, including IT cost optimization and infrastructure flexibility in data centers. Advanced technologies such as machine learning and artificial intelligence require substantial data processing capabilities, leading to the adoption of PCI Express for faster data transfer. Generation models continue to evolve, with PCI Express 4.0 offering double the bandwidth of its predecessor, making it an ideal choice for 5G technology and infotainment systems. PCI Express also plays a crucial role in advanced driver-assistance systems (ADAS) by enabling real-time data processing for improved safety and performance. Data traffic is another key factor driving the PCI Express market. Network interface cards and storage devices rely on PCI Express for efficient data transfer, while graphic cards use it for high-speed communication between the CPU and GPU. Cloud-based services and networking hardware, including Ethernet switches and 10Gigabit Ethernet, also benefit from the flexibility and performance offered by PCI Express. Miniaturization and communication applications are further expanding the PCI Express market, as the technology enables compact designs and high-speed data transfer in various industries. SONET/SDH technology and other legacy systems are being modernized with PCI Express to enhance their capabilities and meet the demands of today's data-intensive applications.

Market Research Overview

The PCI Express market is a significant segment within the global electronics industry, focusing on the manufacturing and sales of high-speed interconnect solutions. This market encompasses the production of PCI Express components, such as switches, controllers, and cards. According to Technavio's market analysis, the PCI Express market's expansion will be fueled by the increasing demand for IoT devices and the need for faster data transfer rates in various industries.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
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Email: media@technavio.com
Website: www.technavio.com/