Bare Metal Cloud Market Size Is Set For A Rapid Growth And Is Expected To Reach Around USD 34.72 Billion by 2032
According to the report, global bare metal cloud market was worth around USD 8.55 Billion in 2023 and is predicted to grow to around USD 34.72 Billion by 2032 with a compound annual growth rate (CAGR) of roughly 16.97% between 2024 and 2032.
Zion Market Research has published a new report titled “Bare Metal Cloud Market by Component (Solutions and Services [Integration & Migration, Consulting & Assessment, and Maintenance Services]), by End-User (Advertising, BFSI, Government, Healthcare, Manufacturing, Telecommunication & IT, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2024-2032’’.
Bare metal cloud is a platform where hardware components are available on rent as per demand by the respective customers. Bare metal cloud is made from dedicated servers that avoid the fight for resource generally seen in virtual machines. Certain benefits of bare metal cloud services are large processing power along with high input/output operations per second, service quality that promises to eliminate noise problem in multiple customer environments and resources dedicated for a single customer.
Growing data along with the need for high computing speed are the major factors driving the market growth. Moreover, the emergence of fabric virtualization along with the need for storage resources and non-locking compute has triggered the market pace. In addition, bare metal cloud has promising applications for shared hardware resources to increase the availability and decrease the cost of services which is anticipated to drive the market in the forecast period. However, lightweight hypervisors can hinder the market growth in the forecast period.
The bare metal cloud market is divided on the basis of the component, end users, and region. The component segment is bifurcated into solutions and services. Services are sub-segmented into consulting & assessment, integration & migration, and maintenance services. The solution is contributing significantly to bare metal cloud market due to its large applications in different verticals such as healthcare, BFSI, government, and others. For instance, IBM is providing a bare metal cloud solution to accelerate rare disease diagnostics. End-user industries in the global bare metal cloud market are the advertisement, BFSI, government, healthcare, manufacturing, telecom & IT, and others. Healthcare and manufacturing are predicted to be the lucrative sector owing to better innovative solutions provided by players in the bare metal cloud market. BFSI will grow significantly in bare metal cloud market due to its large applications in high-rated transactions and big financial management. Government is another sector following BFSI in achieving significant market growth. Europe is following the trend of North America in the bare metal cloud market as significant players such as Oracle and IBM are showing their interest in expanding their cloud business by launching new products. For instance, Oracle has launched its new bare metal cloud platform for Germany in May 2017.
The report covers detailed competitive outlook including the market share and company profiles of some of the key participants operating in the global bare metal cloud market include-
- IBM Corp.
- Oracle Corporation
- Centurylink Incorporation
- Rackspace Hosting Incorporation
- Internap Corporation
- Packet
- Joyent Inc.
- BIGSTEP
- Scaleway
- Liquid Web Inc.
The report segments the global bare metal cloud market as follows:
Global Bare Metal Cloud Market: Component Segment Analysis
- Solution
- ServicesIntegration & MigrationConsulting & AssessmentMaintenance Services
Global Bare Metal Cloud Market: End-User Segment Analysis
- Advertising
- BFSI
- Government
- Healthcare
- Manufacturing
- Telecom & IT
- Others
Global Bare Metal Cloud Market: Regional Segment Analysis
- North AmericaThe U.S.
- EuropeUKFranceGermany
- Asia PacificChinaJapanIndia
- Latin AmericaBrazil
- The Middle East and Africa
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