Pci Express Market Size to grow by USD 53737.8 million between 2024-2028
According to a research report “ Pci Express Market” by Application (Storage, Data center, Others) End-user (Telecom, Infrastructure, Residential, Industrial, Others) Geography (North America, APAC, Europe, South America, Middle East and Africa)- Global Forecast to 2028 published by Technavio, the market size is estimated to grow by USD 53737.8 million, at a CAGR of 28.22% during the forecast period. PCI Express (PCIe) FireWire integration offers businesses enhanced connectivity solutions for digital devices, particularly in the realm of video and audio equipment. This integration provides high-speed IEEE 1394b protocols, resulting in reduced footprint, increased error immunity, improved power management, expanded bandwidth, and superior performance. Additionally, it supports a multitude of feature enhancements, making it a valuable investment for businesses seeking reliable and efficient data transfer..
Browse market data tables, figures, and in-depth TOC on “Pci Express Market” by Application (Storage, Data center, Others) End-user (Telecom, Infrastructure, Residential, Industrial, Others) Geography (North America, APAC, Europe, South America, Middle East and Africa) Global Forecast to 2028. Download Free Sample
By Application, the Storage segment is projected to dominate the market size in 2024
In the data storage landscape, the growing capabilities and performance of processors have exposed latency issues with hard disk drives (HDDs), leading enterprises to explore solid-state drives (SSDs) as an alternative. SSDs, which offer persistent memory capabilities, higher performance, and lower latency, have gained traction in the market. Despite HDDs' market dominance due to cost advantages, the significant cost reduction of SSDs in recent years is narrowing the cost per gigabyte disparity between the two technologies. Similarly, in the PCI Express market, businesses are increasingly adopting faster storage solutions to address the latency concerns and improve overall system performance.
By End-user, Telecom segment is expected to hold the largest market size for the year 2024
PCIe packet processor cards play a pivotal role in the telecommunications sector, facilitating traffic analysis, data collection, traffic shaping, and routing, as well as the addition of content-aware services. The expansion of 5G technology and the growing adoption of ADAS systems, infotainment systems, and other automotive applications will drive the long-term growth of the PCIe market. Generation PCIe 3.0, a four-lane configuration expansion card, is widely used in telecom applications and is experiencing increased demand due to the deployment of PCIe-based solid-state drives in cloud computing markets.
North America is forecasted to hold the largest market size by region in 2024
The PCI Express market witnesses significant growth due to the increasing demand for high-speed data transfer in various industries. This advanced technology enables businesses to enhance their data processing capabilities, leading to improved efficiency and productivity. Key players in this sector continue to innovate and invest in research and development to meet the evolving needs of their clients.
The Pci Express Market growth and forecasting report also includes detailed analyses of the competitive landscape of the market growth and forecasting and information about 20 market companies, including:
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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
PCI Express (PCIe), a high-performance peripheral bus standard, plays a crucial role in the infrastructure of automation technologies and agile IT infrastructure. PCIe technology enables efficient data transfer between components in enterprises, enhancing team performance and reducing costs. Advanced technologies such as machine learning and artificial intelligence rely on PCIe for the transfer of large data sets and sophisticated algorithms. The market for PCIe components, including networking hardware, storage devices, graphic cards, and Ethernet switches, is thriving due to the growing demand for infrastructure flexibility and data center modernization. The integration of PCIe with advanced technologies like 5G technology, ADAS systems, and infotainment systems, is driving the market's growth. Moreover, the adoption of agile approaches, such as overprovisioning and underutilization, necessitates the use of high-performance peripherals like PCIe. The miniaturization of PCIe components and the availability of cloud-based services further expand the market's potential. Keywords: automation technologies, infrastructure, networking, cloud services offerings, efficiency, sophisticated algorithms, storage hardware, SSD technology, agile approaches, overprovisioning, underutilization, application performance, agile IT infrastructure, enhance team performance, reduce costs, business growth, enterprises, IT cost optimization, infrastructure flexibility, data center modernization, Machine learning, Artificial intelligence, Advanced technologies, Generation models, High performance peripherals, PCI Express, 5G technology, Infotainment systems, ADAS systems, Data traffic, Network interface cards, Storage devices, Graphic cards, Cloud-based services, Networking Hardware, 10Gigabit Ethernet, SONET/SDH technology, Ethernet switches, Miniaturization, Communication applications, Data center.
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