PCI Express is a high-speed serial computer expansion bus standard that was created to replace older standards like PCI, PCI-X, and AGP. It provides dedicated bandwidth to devices through the use of lanes and is commonly used as the interface for graphics cards, hard drives, and other peripherals. PCIe has gone through several generations that have increased its maximum bandwidth. It uses a layered protocol architecture and is designed for compatibility while providing scalable bandwidth and other advantages over older standards.