| Product Code: ETC5564592 | Publication Date: Nov 2023 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
The non-volatile memory express (NVMe) import shipments to Cyprus in 2024 saw a shift in the concentration of top exporting countries, with Germany, Portugal, China, Greece, and Netherlands leading the way. The Herfindahl-Hirschman Index (HHI) indicated high concentration in 2023 but decreased to low concentration in 2024, reflecting a more diverse market landscape. Despite a negative Compound Annual Growth Rate (CAGR) of -5.07% from 2020 to 2024, the growth rate in 2024 showed a significant decline of -34.71%, suggesting challenges and fluctuations in the market dynamics for NVMe imports in Cyprus.

1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Cyprus Non-volatile Memory Express (NVMe) Market Overview |
3.1 Cyprus Country Macro Economic Indicators |
3.2 Cyprus Non-volatile Memory Express (NVMe) Market Revenues & Volume, 2021 & 2031F |
3.3 Cyprus Non-volatile Memory Express (NVMe) Market - Industry Life Cycle |
3.4 Cyprus Non-volatile Memory Express (NVMe) Market - Porter's Five Forces |
3.5 Cyprus Non-volatile Memory Express (NVMe) Market Revenues & Volume Share, By Product, 2021 & 2031F |
3.6 Cyprus Non-volatile Memory Express (NVMe) Market Revenues & Volume Share, By Communication Standard, 2021 & 2031F |
3.7 Cyprus Non-volatile Memory Express (NVMe) Market Revenues & Volume Share, By Deployment Location, 2021 & 2031F |
3.8 Cyprus Non-volatile Memory Express (NVMe) Market Revenues & Volume Share, By Vertical, 2021 & 2031F |
4 Cyprus Non-volatile Memory Express (NVMe) Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for high-performance storage solutions in data centers and enterprise environments. |
4.2.2 Technological advancements leading to faster data transfer speeds and lower latency. |
4.2.3 Growing adoption of cloud computing and virtualization technologies driving the need for efficient storage solutions. |
4.3 Market Restraints |
4.3.1 High initial costs associated with NVMe technology adoption. |
4.3.2 Limited compatibility with older systems and infrastructure. |
4.3.3 Security concerns related to data stored on NVMe drives. |
5 Cyprus Non-volatile Memory Express (NVMe) Market Trends |
6 Cyprus Non-volatile Memory Express (NVMe) Market Segmentations |
6.1 Cyprus Non-volatile Memory Express (NVMe) Market, By Product |
6.1.1 Overview and Analysis |
6.1.2 Cyprus Non-volatile Memory Express (NVMe) Market Revenues & Volume, By Solid-state Drives (SSDs), 2021-2031F |
6.1.3 Cyprus Non-volatile Memory Express (NVMe) Market Revenues & Volume, By Adapters, 2021-2031F |
6.1.4 Cyprus Non-volatile Memory Express (NVMe) Market Revenues & Volume, By All-flash Arrays, 2021-2031F |
6.1.5 Cyprus Non-volatile Memory Express (NVMe) Market Revenues & Volume, By Servers, 2021-2031F |
6.1.6 Cyprus Non-volatile Memory Express (NVMe) Market Revenues & Volume, By Others, 2021-2031F |
6.2 Cyprus Non-volatile Memory Express (NVMe) Market, By Communication Standard |
6.2.1 Overview and Analysis |
6.2.2 Cyprus Non-volatile Memory Express (NVMe) Market Revenues & Volume, By Ethernet, 2021-2031F |
6.2.3 Cyprus Non-volatile Memory Express (NVMe) Market Revenues & Volume, By Fibre Channel, 2021-2031F |
6.2.4 Cyprus Non-volatile Memory Express (NVMe) Market Revenues & Volume, By InfiniBand, 2021-2031F |
6.3 Cyprus Non-volatile Memory Express (NVMe) Market, By Deployment Location |
6.3.1 Overview and Analysis |
6.3.2 Cyprus Non-volatile Memory Express (NVMe) Market Revenues & Volume, By On-premise, 2021-2031F |
6.3.3 Cyprus Non-volatile Memory Express (NVMe) Market Revenues & Volume, By Remote, 2021-2031F |
6.3.4 Cyprus Non-volatile Memory Express (NVMe) Market Revenues & Volume, By Hybrid, 2021-2031F |
6.4 Cyprus Non-volatile Memory Express (NVMe) Market, By Vertical |
6.4.1 Overview and Analysis |
6.4.2 Cyprus Non-volatile Memory Express (NVMe) Market Revenues & Volume, By Banking, Financial Services, and Insurance (BFSI), 2021-2031F |
6.4.3 Cyprus Non-volatile Memory Express (NVMe) Market Revenues & Volume, By Consumer Goods & Retail, 2021-2031F |
6.4.4 Cyprus Non-volatile Memory Express (NVMe) Market Revenues & Volume, By Telecommunications & ITeS, 2021-2031F |
6.4.5 Cyprus Non-volatile Memory Express (NVMe) Market Revenues & Volume, By Healthcare, 2021-2031F |
6.4.6 Cyprus Non-volatile Memory Express (NVMe) Market Revenues & Volume, By Energy, 2021-2031F |
6.4.7 Cyprus Non-volatile Memory Express (NVMe) Market Revenues & Volume, By Government, 2021-2031F |
6.4.8 Cyprus Non-volatile Memory Express (NVMe) Market Revenues & Volume, By Media & Entertainment, 2021-2031F |
6.4.9 Cyprus Non-volatile Memory Express (NVMe) Market Revenues & Volume, By Media & Entertainment, 2021-2031F |
7 Cyprus Non-volatile Memory Express (NVMe) Market Import-Export Trade Statistics |
7.1 Cyprus Non-volatile Memory Express (NVMe) Market Export to Major Countries |
7.2 Cyprus Non-volatile Memory Express (NVMe) Market Imports from Major Countries |
8 Cyprus Non-volatile Memory Express (NVMe) Market Key Performance Indicators |
8.1 Average latency of NVMe storage solutions. |
8.2 Adoption rate of NVMe technology in data centers. |
8.3 Growth in the number of NVMe-enabled devices in the market. |
8.4 Rate of innovation and development of NVMe technology. |
8.5 Energy efficiency improvements in NVMe storage solutions. |
9 Cyprus Non-volatile Memory Express (NVMe) Market - Opportunity Assessment |
9.1 Cyprus Non-volatile Memory Express (NVMe) Market Opportunity Assessment, By Product, 2021 & 2031F |
9.2 Cyprus Non-volatile Memory Express (NVMe) Market Opportunity Assessment, By Communication Standard, 2021 & 2031F |
9.3 Cyprus Non-volatile Memory Express (NVMe) Market Opportunity Assessment, By Deployment Location, 2021 & 2031F |
9.4 Cyprus Non-volatile Memory Express (NVMe) Market Opportunity Assessment, By Vertical, 2021 & 2031F |
10 Cyprus Non-volatile Memory Express (NVMe) Market - Competitive Landscape |
10.1 Cyprus Non-volatile Memory Express (NVMe) Market Revenue Share, By Companies, 2024 |
10.2 Cyprus Non-volatile Memory Express (NVMe) Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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