Market Dynamics
According to Market Research Future (MRFR), the global bare metal cloud service market is expected to expand from USD 1.52 billion in 2017 to USD 7.73 billion by 2023, with a CAGR of 31.12% from 2017 to 2023 (forecast period). The report offers a systematic and rigorous evaluation of the effect of COVID 19 on current and future economic conditions. The report addresses some of the key market factors that will impact the growth of the sector, such as market share, the emerging region, and key players.
Bare Metal Cloud is a public cloud service alternative built directly on hardware without the need for virtualization. It is primarily used to improve storage capacity, conduct data-intensive computing operations, and deliver efficient high-performance, latency-sensitive workloads across multiple platforms.
A bare metal cloud server is provided via a Metal-as-a-Service (MaaS) model dedicated to a single tenant. Workloads are deployed in this cloud type to servers that are pre-configured with client-specific specifications and performance capacity. Bare metal cloud servers offer high performance, high availability, and cost-effective infrastructure services.
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Market Segmentation
The global market for bare metal cloud has been segmented based on service type, organization type, and vertical.
Based on the service type, the global bare metal cloud service market has been segmented into database services, computing services, networking services, identity, and access management services, volume and object storage services, and others. Computing services are the most common bare metal cloud service among cloud-based companies that ensure the proper functioning of their data center operations. Computing services include data-intensive computing operations, mission-critical applications, large Random-Access Memory (RAM) & Non-Volatile Express Memory (NVMe), and Solid-State Drives (SSDs).
Based on organization type, the global bare metal cloud service market has been segmented into small and medium enterprises and large enterprises.
On the basis of vertical, the global bare metal cloud service market has been segmented into BFSI, government, manufacturing, healthcare, IT and telecommunication, retail, and others.
Regional Analysis
The geographical analysis of the global bare metal cloud service market is done for Europe, Asia Pacific (APAC), North America, and the rest of the world.
North America, trailed by Europe, is projected to dominate the bare metal cloud service market, as these regions are sustainable and well-established economies that invest extensively in emerging technologies like Internet of Things (IoT), DevOps, Big Data, Mobility and Social Media. In addition, public sector cloud initiatives such as CloudFirst and the trusted cloud will drive growth in these regions during the forecast period.
Asia Pacific is set to rise at the highest CAGR during the forecast period due to significant cloud initiatives undertaken by various countries such as Australia, China, and Singapore (G-Cloud)
Key Players
The industry giants in the bare metal cloud service market are significant vendors such as IBM Corporation (U.S.), Internap Corporation (U.S.), Oracle Corporation (U.S.), CenturyLink, Inc. (U.S.), and Rackspace Hosting, Inc. (U.S.). The other critical innovators in the market are Dell Technologies, Inc., Scaleway Inc., Spotinst, Joyent, Inc., Bigstep, and Strom.
About Market Research Future:
Market Research Future (MRFR) is a global market research firm that takes great pleasure in its services, providing a detailed and reliable study of diverse industries and consumers worldwide. MRFR’s methodology integrates proprietary information with different data sources to provide the client with a comprehensive understanding of the current key trends, upcoming events, and the steps to be taken based on those aspects.
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