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Global bare metal cloud Market Overview Analysis
Bare metal cloud is a public cloud service alternative that is installed directly on hardware without the need for a virtualization setup. It is majorly deployed to enhance the storage capacity, conduct data-intensive computing operations, and to efficiently deliver latency-sensitive high-performance workloads across multiple platforms. A bare metal cloud server is delivered through Metal-as-a-Service (MaaS) model that is dedicated to a single tenant. It provides high performance, high availability, and cost-effective infrastructure services. Bare metal cloud enables its users to rent hardware sources from managed services providers or public cloud service providers.
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By end user, the banking, financial, services, and insurance (BFSI) segment is expected to grow at the significant rate during the forecast period. The banking vertical predominantly requires bare-metal cloud services with the rise in the transactions and details related to them. Moreover, the critical need for high security and data protection during online banking, secure transactions, and access violations has also pushed the data traffic demanding the use of bare metal cloud solutions. In areas, such as risk analytics, derivatives pricing, quantitative modelling, portfolio optimization, and bank stress-testing, the use of High-Performance Computing (HPC) for a quick performance of complex calculations on large data sets is becoming increasingly prevalent.
Some of the key players in Bare Metal Cloud Market include Internap Corporation, Rackspace Technology Inc., Dell Technologies Inc., International Business Machines Corp., Limestone Networks Inc., Scaleway Incorp., Joyent Inc., Oracle Corp., GoDaddy Inc., Spotinst Ltd., CenturyLink Inc., Amazon Web Services Inc, LightEdge Solutions, Inc, Google, Microsoft, and Datapipe, Inc.
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