Press release
Bare Metal Cloud Market is estimated to grow at a significant CAGR of 25.3% during 2022-2029, reaching USD 35,240 million in 2029 | Size, Share Growth & Forecast
Bare Metal Cloud Market
For Additional Insights, Click to Access Complete Report - https://www.gmiresearch.com/report/bare-metal-cloud-market/
The factors driving growth of Bare Metal Cloud Market includes rapid growth IT & Services industry, rise in the number of data centers around the world, increase in the volumes of monetary transactions, emerging need for reliable data balancing of data-intensive operations and improvements in the living standards. Moreover, growing adoption of advanced technologies such as Artificial Intelligence (AI), Internet of Things (IoT) and Big Data Analytics by major companies, rising awareness about the benefits offered by bare metal cloud services and rapid urbanization, are some of the additional factors supplementing the Bare Metal Cloud Market size. In addition, the increasing investments by major companies on research and development, rise in the launch of innovative products and growing population growth rates, are further contributing towards the market growth.
However, growth of the Bare Metal Cloud Market is hindered due to high operational cot of bare metal cloud services.
The major players operating in the market are Equinix, Inc., Alibaba Cloud, Scaleway, Oracle, IBM, Internap Holding LLC, OVHcloud, Rackspace Technology, Amazon Web Services and Inc., Dell Inc., among others.
Based on Type, the Commute Services segment is predicted to grow at a significant CAGR during the forecast period
Increasing use of commute services for enhancing distribution of workloads across multiple computing resources such as network links, central processing, and disk drives, is propelling Bare Metal Cloud Market share.
Based on Verticals, the Banking, Financial, Services, and Insurance (BFSI) segment is projected to grow at a robust CAGR over the forecast period
Bare metal cloud services provide enhanced protection during online transactions and rise in data traffic in the banking industry, are some of the factors pushing growth of the segment.
Based on Region, the Asia-Pacific region is anticipated to expand at a remarkable CAGR during the forecast period
Increase in Government's expenditure on smart city projects, growing adoption of advanced technologies such as Artificial Intelligence (AI) and Internet of Things (IoT) by major companies, rapid urbanization, and high population growth rates, are some of the important factors augmenting the market growth in the Asia-Pacific region.
Key Developments
February 2021, IBM introduced 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 completed the acquisition of Packet, a bare metal automation platform provider which rapidly deploy digital infrastructure by leveraging Packet's innovative and developer-oriented bare metal service offering to accelerate its organic bare metal solution development.
Market Segmentation
Segmentation by Service Type
Compute Services
Networking Services
Database Services
Security Services
Storage Services
Professional Services
Managed Services
Segmentation 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
Segmentation by Organization size
Small and Medium-sized
Large Enterprises
Segmentation by Region
Asia Pacific
China
Japan
India
Rest of APAC
North America
United States of America
Canada
Europe
United Kingdom
Germany
France
Spain
Rest of Europe
RoW
Brazil
South Africa
Saudi Arabia
UAE
About GMI Research
GMI Research is a market research and consulting firm which provides market insights and intelligence across 12 major sectors helping our clients in making effective investment and business decisions.
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