Press release
Bare Metal Cloud Market, Top key players are IBM Corporation, Oracle Corporation, and Rackspace Inc., among others
The global bare metal cloud market was valued at USD 1.39 billion in 2018 and is expected to reach a value of USD 7.98 billion by 2025 at a CAGR of 35.04%, during the forecast period (2019 - 2025).
Bare metal cloud is emerging as an alternative to the Infrastructure-as-a-Service (IaaS), and playing a major role in combining the features of both traditional hosting and IaaS for delivering high-performance capabilities. Bare metal cloud offers key features, like self-automated service, pay-as-per pricing, and on-demand capacity, to the customers. Additionally, growing advancements in the big data applications and artificial intelligence are further expected to drive the market over the forecast period. Moreover, bare metal cloud offers on-demand access to high-performance-dedicated servers by deploying instance via a web portal or application-programming interface, which is flexible in nature and easy to deploy and manage over the web.
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Some of the key players operating in this market include IBM Corporation, Oracle Corporation, and Rackspace Inc., among others.
Bare metal cloud solutions are gaining momentum and witnessing a high demand from enterprises across different industry verticals. These solutions offer manifold benefits such as efficient data storage, streamlined data center operations, and faster service delivery through various solutions such as bare metal compute and storage network. Presently, the rapid uptake of internet and networking has increased the demand for more storage space, advanced networking solutions, and high computing power in cloud services.
The hardware segment dominated the market in 2016. The increased use of compute, network, and storage facilities to virtualize data centers is driving the hardware market. Moreover, the accelerated use of internet-based technologies and electronic devices is expected to further propel the market growth.
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