Bare Metal Cloud Market

Bare Metal Cloud Market size reached USD 5,800 million in 2021 and is estimated to reach USD 35,240 million in 2029 and the market is estimated to grow at a very high CAGR of 25.3% from 2022-2029

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Market Dynamic 

Key Drivers and Emerging Trends

The factors driving the global Bare Metal Cloud market driven by a workload management system that provides its unique ability to customize its infrastructure while fully using its hardware potential. Thus, this helps in enabling the distribution of work to various processes, which enables workload management.  The efficient management of big data can be achieved by bare metal cloud service through consistent cloud performance and growing interest for customization of cloud resources based on the requirement. Moreover, with increasing spending on an infrastructure and reducing cost factors including reducing software licensing fees, lower data transfer costs, pay-as-you flexibility, and the advantage of accounting IT storage expenses as an operational one. Thus, these are some of the key factors driving the growth of this market. Furthermore, spending on IT is attributed to spend above 4.2 trillion on the global format. These are the key factor for propelling the positive growth of the global bare metal cloud market.

Restraint in the Bare Metal Cloud Market

However, huge capital investment & operating costs and lack of awareness regarding the potential benefit of the bare metal cloud has hamper the global Bare Metal Cloud market. Addition, hypervisor is considered alternative for bare metal cloud since it offers great flexibility to its end user with complete cloud virtualization model and non-locking resources without the additional overhead of server-side processing. These factors have hampered the growth of this segment.

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Service Type – Segment Analysis

Based on the Service Type, compute service expected to grow at the higher CAGR rate in the global Bare Metal Cloud market during the forecast period. Compute services are done for load balancing, which improve the distribution of workloads across multiple computing resources such as network links, central processing, computer clusters, or disk drives. This also provide flexibility of monetization, workload and termination of instance as per requirement. These factors are augmenting in the positive growth of this segment.

Verticals – Segment Analysis

Based on the Verticals, Banking, Financial, Services, and Insurance expected to grow at the higher CAGR rate in the global Bare Metal Cloud market during the forecast period. The banking vertical require bare metal cloud service with the increase in the transaction and details related to it. For instance, according to world bank, 2020 report, there are over 850 million registered mobile money accounts across countries, with USD $1.3 billion transaction via accounts per day. In addition, the need for data protection and high security during online banking, secure transactions have pushed the demand for the positive growth of bare metal cloud solutions.

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Regional – Segment Analysis:

Based on the region, the Asia Pacific region is expected to grow at a higher CAGR rate in the global Bare Metal Cloud market during the forecast period due to the increase in technology adoption such as IoT, Artificial intelligence, analytics, and cloud services in this region. Moreover, this region is houses for many enterprises related to consumer goods and retail, healthcare, telecommunications, manufacturing, and media and entertainment, which will boost the growth of the bare metal cloud market. The APAC region adopting cloud by various initiatives, such as smart cities projects, is one of the prime initiatives for the adoption of cloud bare metal professional and managed services. For instance, according to world economic forum more than 500 smart cities are being built across China envisions a city of about 13 million square foot which is equal to some 200 football pitches.

Top Market Players 

Various notable players operating in the market, include, Oracle, IBM, Internap Holding LLC, Rackspace Technology, Amazon Web Services, Inc., Dell Inc., Equinix, Inc., Alibaba Cloud, Scaleway, OVHcloud, among others.

Key Developments:

• • February 2021, IBM launched high-speed, hybrid cloud, flash storage systems and container-centric updates to make enterprise class storage accessible to businesses of all sizes and needs
  • March 2020, Equinix acquired Packet, a bare metal automation platform provider which rapidly deploy digital infrastructure by leveraging Packet’s innovative and developer-oriented bare metal service offering in order to accelerate its organic bare metal solution development, thereby aims to cater to customers with rich ecosystems, interconnection platform and global reach.

Segments covered in the Report:

The global Bare Metal Cloud market has been segmented on the basis of Service Type, Verticals, Organization size, and regions. Based on Service Type, the market is segmented into Compute Services, Networking Services, Database Services, Security Services, Storage Services, Professional Services and Managed Services. Based on Verticals, the market is segmented into Banking, Financial, Services, and Insurance (BFSI), Retail and Consumer Goods, IT and ITeS, Telecommunications, Healthcare and Life Sciences, Manufacturing, Media and Entertainment, Government and others. Based on Organization size, the market is segmented into Small and Medium-sized Enterprises and Large Enterprises.

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Key questions answered in this research report:

• • At what pace is global Bare Metal Cloud market growing? What will be the growth trend in the future?
  •  What are the key drivers and restraints in Bare Metal Cloud market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global Bare Metal Cloud market?
  •  Which Service Type generated maximum revenues in 2021 and identify the most promising Service Type during the forecast period?
  •  What are the various Verticals of global Bare Metal Cloud market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Market Segmentation

Global Bare Metal Cloud Market by Service Type

• • Compute Services
  • Networking Services
  • Database Services
  • Security Services
  • Storage Services
  • Professional Services
  • Managed Services

Global Bare Metal Cloud Market by Verticals

• • Banking, Financial, Services, and Insurance (BFSI)
  • Retail and Consumer Goods
  • IT and ITeS
  • Telecommunications
  • Healthcare and Life Sciences
  • Manufacturing
  • Media and Entertainment
  • Government
  • Others

Global Bare Metal Cloud Market by Organization size

• • Small and Medium-sized
  • Large Enterprises

Global Bare Metal Cloud Market by Region

• • North America Bare Metal Cloud Market (Option 1: As a part of the free 25% customization)
    • By Service Type
    • By Verticals
    • By Organization size
    • US Market All-Up
    • Canada Market All-Up
  • Europe Bare Metal Cloud Market (Option 2: As a part of the free 25% customization)
    • By Service Type
    • By Verticals
    • By Organization size
    • UK Market All-Up
    • Germany Market All-Up
    • France Market All-Up
    • Spain Market All-Up
    • Rest of Europe Market All-Up
  • Asia-Pacific Bare Metal Cloud Market (Option 3: As a part of the free 25% customization)
    • By Service Type
    • By Verticals
    • By Organization size
    • China Market All-Up
    • India Market All-Up
    • Japan Market All-Up
    • Rest of APAC Market All-Up
  • RoW Bare Metal Cloud Market (Option 4: As a part of the free 25% customization)
    • By Service Type
    • By Verticals
    • By Organization size
    • Brazil Market All-Up
    • South Africa Market All-Up
    • Saudi Arabia Market All-Up
    • UAE Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Market All-Up

Major Players Operating in the Bare Metal Cloud (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • Oracle
  • IBM
  • Internap Holding LLC
  • Rackspace Technology
  • Amazon Web Services, Inc.
  • Dell Inc.
  • Equinix, Inc.
  • Alibaba Cloud
  • Scaleway
  • OVHcloud