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PCI Express Market to Grow by USD 53.74 Billion from 2024-2028, Driven by PCIE Integration with IEEE 1394 (FireWire) and AI’s Role in Market Transformation – Technavio

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NEW YORK, Sept. 30, 2024 /PRNewswire/ — Report with the AI impact on market trends – The Global PCI Express Market  size is estimated to grow by USD 53.74 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of over 28.22%  during the forecast period.  Integration of PCIE with IEEE 1394 (firewire) is driving market growth, with a trend towards continuous technological upgradation. However, failure to manage inventory during changing customer demand  poses a challenge – Key market players include Advanced Micro Devices Inc., Advantech Co. Ltd., Anritsu Corp., Axiomtek Co. Ltd., Broadcom Inc., Diodes Inc., Hilscher Gesellschaft fur Systemautomation mbH, Intel Corp., Kingston Technology Co. Inc., Microchip Technology Inc., NXP Semiconductors N.V., One Stop Systems Inc., Rambus Inc., Renesas Electronics Corp., Samsung Electronics Co. Ltd., Samtec Inc., Silicon Motion Technology Corp., Teledyne Technologies Inc., Texas Instruments Inc., and Western Digital Corp..

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Forecast period

2024-2028

Base Year

2023

Historic Data

2018 – 2022

Segment Covered

Application (Storage, Data center, and Others), End-user (Telecom, Infrastructure, Residential, Industrial, and Others), and Geography (North America, APAC, Europe, South America, and Middle East and Africa)

Region Covered

North America, APAC, Europe, South America, and Middle East and Africa

Key companies profiled

Advanced Micro Devices Inc., Advantech Co. Ltd., Anritsu Corp., Axiomtek Co. Ltd., Broadcom Inc., Diodes Inc., Hilscher Gesellschaft fur Systemautomation mbH, Intel Corp., Kingston Technology Co. Inc., Microchip Technology Inc., NXP Semiconductors N.V., One Stop Systems Inc., Rambus Inc., Renesas Electronics Corp., Samsung Electronics Co. Ltd., Samtec Inc., Silicon Motion Technology Corp., Teledyne Technologies Inc., Texas Instruments Inc., and Western Digital Corp.

Key Market Trends Fueling Growth

The PCI Express (PCIE) market is experiencing growth due to increasing enterprise demand for PCIE solutions. Vendors are upgrading their offerings to meet this demand and keep up with technological advances. PCIE 3.0 was the standard for a long time, but with the launch of PCIE 4.0, PCI-SIG announced PCIE 5.0, which will offer 32 GT/s bandwidth speed, surpassing industry needs. Continuous technological upgrades will support enterprises in meeting customer demands for high-speed data transfer, leading to market growth. 

PCI Express market is thriving with enterprises adopting high-performance peripherals for business growth. The latest Generation models of PCI Express support advanced technologies like Artificial Intelligence and Machine Learning, aiding data center modernization and infrastructure flexibility. IT cost optimization is a key driver, enabling enterprises to reduce costs by enhancing team performance with an agile IT infrastructure. SSD technology and sophisticated algorithms boost efficiency, while cloud services offerings, networking, and automation technologies enhance application performance. Underutilization and overprovisioning are addressed with agile approaches, and SONET/SDH technology, Ethernet switches, and 10Gigabit Ethernet enable seamless communication. Miniaturization and the integration of PCI Express into networking hardware, storage devices, and network interface cards facilitate data traffic management. PCI Express also powers innovative applications like ADAS systems, Infotainment systems, and 5G technology, making it a must-have for businesses seeking to stay competitive. 

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Market Challenges

In the PCI Express market, vendors sell their products to businesses based on purchase orders. Enterprises can delay shipments without penalty due to technological advances, leading to potential inventory issues. Excess inventory can negatively impact profitability and result in inventory write-downs. This risk is amplified when vendors sell through distributors, as demand forecasts rely on multiple estimates. Additionally, businesses may cancel orders with short notice, increasing customer concentration risk. Continuous technological changes can cause market fluctuations, potentially resulting in overcapacity and price reductions to clear stock. These factors could impact the revenue growth of the global PCI Express market during the forecast period.PCI Express (PCIe) is a high-performance interconnect technology used in modern computing systems for connecting high-speed peripherals. With the continuous advancement of technologies like artificial intelligence (AI) and machine learning (ML), enterprises require faster and more efficient data transfer. PCIE’s various generation models cater to these needs. Data center modernization is a key focus for businesses aiming for IT cost optimization and infrastructure flexibility. PCIe’s agile approaches, such as SSD technology and sophisticated algorithms, reduce costs by minimizing underutilization and overprovisioning. Advanced technologies like AI, ML, and cloud services offerings are driving the demand for PCIe in data centers. Communication applications, networking hardware, Ethernet switches, and 5G technology also benefit from PCIe’s high-speed capabilities. In industries like automotive and infotainment, PCIe’s miniaturization and integration with advanced technologies like ADAS systems enhance team performance and application performance. Graphic cards, storage devices, and network interface cards are essential PCIe components in various industries. Data traffic and networking are other areas where PCIe plays a significant role, with 10Gigabit Ethernet and SONET/SDH technology relying on PCIe for seamless communication. PCIe’s role in IT infrastructure is crucial for business growth, enabling agile IT infrastructure and application performance.

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Segment Overview 

This pci express market report extensively covers market segmentation by

Application 1.1 Storage1.2 Data center1.3 OthersEnd-user 2.1 Telecom2.2 Infrastructure2.3 Residential2.4 Industrial2.5 OthersGeography 3.1 North America3.2 APAC3.3 Europe3.4 South America3.5 Middle East and Africa

1.1 Storage-  In the storage industry, enterprises are facing performance issues with traditional hard disk drives (HDDs) due to latency. To address this, enterprises have started adopting solid-state drives (SSDs) for their non-volatile memory needs. While HDDs still dominate the market due to their lower cost, the price gap between HDDs and SSDs is closing rapidly. PCIe SSDs offer significant benefits, including higher performance and lower latency, making them ideal for caching and buffering applications. PCIe was already widely used in storage subsystems and enterprise processors, and the adoption of PCIe interfaces in SSD controllers has further improved system performance. PCI-SIG’s extension of the PCIe specification with features like enhanced downstream port containment (eDPC) and DPC will enable more storage systems, leading to increased adoption of PCIe solutions in storage. This, in turn, will drive the growth of the global PCI express market during the forecast period.

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Research Analysis

PCI Express (PCIe) is a high-speed bus standard for connecting various components inside a computer or in data centers. It has revolutionized the way communication applications are handled, enabling miniaturization of Ethernet switches, SONET/SDH technology, and other networking hardware. PCIe supports advanced technologies like 10Gigabit Ethernet, 5G technology, and high-performance peripherals such as graphic cards and storage devices. With the rise of cloud-based services, PCIe plays a crucial role in data traffic management and infrastructure flexibility. It also caters to emerging applications like ADAS systems, infotainment systems, artificial intelligence, and machine learning in automotive and consumer electronics. PCIe’s evolution includes multiple generation models, ensuring continuous improvement and optimization of IT costs.

Market Research Overview

The PCI Express market is experiencing significant growth due to the increasing demand for high-speed data transfer in various industries, particularly in data centers. Communication applications, miniaturization, and advanced technologies such as Ethernet switches, SONET/SDH technology, and 10Gigabit Ethernet are driving the market forward. PCI Express is essential for networking hardware like Ethernet switches, enabling high-speed data transfer between components. The market is also being fueled by the rise of cloud-based services, graphic cards, storage devices, and network interface cards. Data traffic from ADAS systems, infotainment systems, and 5G technology is also contributing to the growth of the PCI Express market. The market is evolving with each new generation model, incorporating advanced technologies like artificial intelligence and machine learning to optimize IT cost, enhance team performance, and ensure infrastructure flexibility. Data center modernization and infrastructure flexibility are key priorities for enterprises seeking business growth, reduce costs, and application performance. Automation technologies, SSD technology, and cloud services offerings are also playing a crucial role in the market’s development. Underutilization and overprovisioning are being addressed through agile approaches, leading to increased efficiency in the PCI Express market.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

ApplicationStorageData CenterOthersEnd-userTelecomInfrastructureResidentialIndustrialOthersGeographyNorth AmericaAPACEuropeSouth AmericaMiddle East And Africa

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio

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Trustero Secures $10M+ Series A Funding Led by Bright Pixel Capital to Revolutionize AI-Driven Security and Compliance

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Funding to Accelerate Development of AI-Powered Governance, Risk, and Compliance (GRC) Intelligence Layer

PALO ALTO, Calif., Nov. 21, 2024 /PRNewswire/ — Trustero, a Silicon Valley innovator in AI-powered Security and Compliance, announced today the close of a $10.35 million Series A funding round led by Bright Pixel Capital (formerly Sonae IM), with participation from existing investors Engineering Capital, Zetta Ventures Partners, and Vertex Ventures US. Trustero is proving that AI can drive real revenue and operational breakthroughs in GRC, a space traditionally dominated by complex, high-cost, and manual processes.

“With Trustero, organizations no longer need to be weighed down by compliance. We offer human-quality, actionable GRC intelligence in seconds, without the high fees,” said Phillip Liu, CEO of Trustero. “The Trust Graph is our secret weapon, allowing us to ingest diverse data sources from GRC platforms, cloud providers, and more, delivering insights instantly.”

Trustero’s founder and CEO, Phillip Liu, is a visionary tech entrepreneur with a proven track record. Formerly, he founded SignalFx, a leader in cloud monitoring solutions, which was acquired by Splunk for over $1 billion. His early experience at Facebook and Opsware further distinguished him as a trusted name in Silicon Valley. Now, he turns his focus to Compliance and Security, seeing a new opportunity to revolutionize the field with AI, bringing agile, cost-effective solutions to an industry struggling with resource-intensive and manual workflows.

Since its founding in 2020, Trustero has grown significantly by helping organizations reduce compliance costs and the time commitments of their senior executives. Companies with complex compliance demands like Chassi, an AI-analytics platform, have experienced the most substantial time and cost savings. They added Trustero AI to their ISO 27001 compliance program in 2024. “For the rest of the company, the time savings was about 10-to-1. For me, it was closer to 100-to-1!” said Chassi CFO, Justin Dooley. “We also saved 75% on our internal audit costs because all the data was ready for the auditors.”

The new capital will be instrumental in driving Trustero’s development of more powerful and accurate AI for security and compliance, scaling operations, expanding market reach, and adding top-tier talent from AI engineering and GRC. Trustero has already made one executive hire since raising their Series A, bringing in George Totev as Chief Information Security Officer. He’s tasked with enhancing the company’s security capabilities and driving innovation in AI-driven GRC solutions.

George comes from Snowflake, where he led the Customer Trust team, managing 30+ certifications and customer security compliance. Previously, he built Atlassian’s Risk & Compliance function and held key roles at Visa, Goldman Sachs, Symantec, and The World Bank.

Trustero’s technology is backed by its patented Trust Graph, which delivers unprecedented speed, accuracy, and cost savings in GRC intelligence. The Trust Graph is the core engine that enables Trustero to answer complex security questions in seconds, perform gap analyses across frameworks like FedRAMP and ISO 27001, and provide powerful audits, evidence mapping, and remediation guidance. This innovation differentiates Trustero from traditional GRC programs that rely on high-cost external consultants or limited manual processes.

“Companies are overwhelmed by the growing compliance demands driven either by evolving regulations or increasing customer compliance requirements. With Trustero, compliance and security teams go beyond simple compliance automation, by having a human-like AI-advisor that interprets not only the controls but also the evidence, in a manner comparable to how a human would,” explains Daniela Coutinho, Manager at Bright Pixel Capital.

Fernando Martins, Director at Bright Pixel Capital, added, “We are excited to support such a strong team, led by an experienced and technical leader, as they enter their next growth phase.”

About Bright Pixel Capital

Bright Pixel Capital, formerly known as Sonae IM, is the technology investment arm of the multinational group Sonae. With special focus on cybersecurity, infrastructure software, retail technologies, business applications and emerging tech, it has a portfolio of more than 60 companies, from early to growth stages. Bright Pixel Capital Capital Capital acts as a partner that brings specialized know-how, global footprint, and a wealth of experience in helping companies from early stage to IPO. Find out more at brpx.com.

About Trustero

Trustero’s AI automates governance, risk, and compliance functions such as compliance audits, security questionnaires, tailored remediation guidance, and third-party risk evaluations. Founded in 2020 by Phillip Liu, Trustero is the first to bring generative AI into the GRC space, enabling organizations to achieve and maintain compliance with unmatched speed, efficiency, and accuracy. For more information, visit Trustero.

Logo – https://mma.prnewswire.com/media/2564523/Trustero_Logo.jpg

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CCi Voice Acquires IP Genie in Strategic Move to Expand and Enhance Northeast Footprint, Focus on Municipal Market

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REDDING, Conn., Nov. 21, 2024 /PRNewswire/ — CCi Voice, a leading provider of innovative cloud-based communication solutions in the Northeast, has announced the acquisition of IP Genie, a South Windsor-based phone service company serving municipalities, schools, libraries, nonprofits and businesses throughout Connecticut.

CCi Voice will integrate IP Genie’s advanced technologies into its portfolio, adding enhanced capabilities in VoIP and unified communications (UC) solutions, especially to the municipal marketplace. The acquisition represents a significant step in CCi Voice’s growth strategy, expanding services and team expertise. IP Genie’s President, George J. Taylor Jr. and seven team members will join CCi Voice, bringing its staff to 33.

“This truly is a perfect match,” said Michael LeBlanc, CEO, CCi Voice. He noted synergies between the company cultures, including a focus on extraordinary customer service and innovative technologies – particularly a shared partnership with Sangoma, a leading provider in the UC industry.

“IP Genie’s focus aligns with our mission to deliver top-tier communication services. Customers can expect a seamless transition and even better support as we leverage our strengths,” LeBlanc said.

Another significant benefit is the inclusion of a no-bid state contract through IP Genie’s partnership with the Capital Region Council of Governments. The contract allows municipalities, schools and libraries state-wide to avoid the time and expense of an RFP when buying business telephone service, receiving very low pricing. Municipalities will further benefit from CCi Voice’s video surveillance and access control services.

“Merging with CCi Voice ensures IP Genie’s mission of delivering innovative, reliable solutions continues. This collaboration enhances our offerings and secures a bright future for our customers and employees,” said Taylor Jr. “We’re especially excited to expand into video surveillance and access control.”

The move further positions CCi Voice as an industry leader and aligns with its growth strategy, which includes acquiring similarly-minded telecom companies in the Northeast.

“Our goal is to be the most loved and respected telecom company in the Northeast, and this brings us one step closer,” said LeBlanc.

About CCi Voice
Headquartered in Redding, Conn., CCi Voice delivers reliable and innovative voice and communication solutions to empower businesses of all sizes. Since 1980, CCi Voice has been the go-to company for thousands of customers to install and maintain their critical communications infrastructure. For information, visit CCiVoice.com.

Press Contact: Caryn McBride
Co-Communications Inc.
cmcbride@cocommunications.com

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SOURCE CCi Voice

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Sustainable and Scalable Infrastructure Alliance Joins the Green Software Foundation to Address Climate Challenges for an AI-Driven Future

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Strategic merger between the Linux Foundation projects will accelerate collaboration between the sustainable software and data center hardware ecosystems

 NEW YORK, Nov. 21, 2024 /PRNewswire-PRWeb/ — The Sustainable and Scalable Infrastructure Alliance (SSIA), a community and open standard for sustainable enterprise and edge data center innovation, today announced it has joined the Green Software Foundation (GSF), an ecosystem of people, standards, tooling and best practices for creating and building green software. As part of the merger, the GSF will launch a Hardware Standards Working Group to develop comparable and reliable standards for sustainable digital infrastructure.

Uniting hardware and software under one ecosystem with greening software as a major demand driver sets the stage for a future where software leads us in reducing emissions for the ICT sector as a whole.

The Hardware Standards Working Group will focus on several things. First, it will collaborate on the next Open19 spec, the SSIA’s open data center hardware project. Second, it will focus on training and education for data center operators on liquid cooling, power systems and reference architectures. Third, it will prioritize further connecting data center infrastructure with the world of software. This will help define how the industry builds tech over the next 10 years, where software responds to the entire stack in the next evolution of carbon aware computing.

“In the past, making tech more sustainable has been largely about making hardware more efficient, with software often relegated to a secondary role,” said Sanjay Podder, Lead for Tech Sustainability Innovation at Accenture and Chair of the Board for the Green Software Foundation. “Uniting hardware and software under one ecosystem with greening software as a major demand driver sets the stage for a future where software leads us in reducing emissions for the ICT sector as a whole.”

All existing SSIA members will be part of the Green Software Foundation Hardware Standards Working Group and have a significant opportunity to benefit from established GSF resources. GSF members will be able to play a role in this larger push for increased compatibility between hardware and software. To kick off the merger and onboarding of SSIA, the GSF will host an initial workshop in Q1 2025 by invite, followed by a series of workshops dedicated to the charter of the Hardware Standards working group.

Addressing the Need for Cross-Domain Collaboration

As the internet evolved, it relied on specialized silos to deliver peak performance across multiple domains (compute, network, storage, power, cooling, control plane, etc.) While that has helped for scaling up, now, especially with the fast-paced growth of AI, it disrupts progress in making software and digital infrastructure more energy efficient and climate responsive without compromising each domain’s ability to scale independently.

No organization has effectively unified these domains to collaborate and help the information and communication technology (ICT) sector meet its sustainability goals. The merger between the SSIA and GSF will create a comprehensive organization to better navigate the interconnectedness of the software and hardware ecosystems in the digital economy. The combination will help dismantle legacy cultures of siloed practices and solutioning, and accelerate the world’s transition to a more efficient use of digital infrastructure technology with the end goal of meeting climate responsibilities.

“Software is more than just a component — it is the essential fabric binding together networking, data centers, silicon, cooling solutions, and end-user devices,” said Sean Mcilroy, Program Manager at the Linux Foundation The coming together of hardware and software will redefine what is possible for sustainable and efficient infrastructure in an AI-driven future.”

“Only through thinking about systems end to end will the ICT sector be able to meet its aggressive climate goals and responsibilities,” said Denise Lee, VP of Engineering Sustainability at Cisco. “One of the first planned projects for the new Hardware Standards working group will be developing mycelium specifications, a set of standardized signals to allow energy, telecoms, cooling, data centers and software applications to communicate and enable efficiencies across the whole tech stack. Now is a great time to get on board and be part of this group and first workshop.”

Sign up to express your interest in joining the Hardware Standards Working Group and upcoming workshops.

About Sustainable and Scalable Infrastructure Alliance
The Sustainable and Scalable Infrastructure Alliance (SSIA) is the world’s leading community-based organization advancing infrastructure technologies and standards that power our digital world in a sustainable, scalable way. Founded in 2016 as the Open19 Foundation, the SSIA is committed to solving the cost, efficiency, and operational challenges of modern data centers with a focus on environmental sustainability and efficient cloud-to-edge deployment models. In 2021, the organization joined the Linux Foundation, bringing its hardware and datacenter innovators community to the world’s largest open-source ecosystem. For more information, visit: new website link.

About Green Software Foundation
The Green Software Foundation (GSF) is a nonprofit organization under the Linux Foundation. It aims to create a trusted ecosystem of people, standards, tooling, and best practices for building green software. Members of the GSF represent a balanced mix of for-profits, nonprofits, and academia from around the globe and include several Fortune Global 500 firms. The Foundation operates by consensus. Four Working Groups — Standards, Policy, Opensource, and Community — currently oversee the Foundation’s ongoing projects.

GSF Contact: Sean Mcilroysean@greensoftware.foundation

Media Contact

Peter Moran, Indicate Media, (347) 880-2895, peter@indicatemedia.com, indicatemedia.com

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SOURCE Sustainable and Scalable Infrastructure Alliance

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