Press release
Global Bare Metal Cloud Service Market Size To Grow At A CAGR Of 31.3% In The Forecast Period Of 2023-2028
The report studies the latest updates in the market, along with their impact across the market. It also analyses the market demand, together with its price and demand indicators. The report also tracks the market on the bases of SWOT and Porter's Five Forces Models.
Bare Metal Cloud Service Market Share, Price, Trends, Growth, Key Players, Report and Forecast
The key highlights of the report include:
Market Overview (2018-2028)
Forecast CAGR (2023-2028): 3%
The bare metal cloud service market is likely to be driven by the growing telecom and IT sector as it is a highly reliable technology which balances operations while promoting smoother functioning and workload division. The growing demand for flexibility and configurability to control traffic is also driving the need to incorporate bare metal cloud services. Due to the increasing emphasis on data security, the adoption of advanced cloud services is likely to witness an upward trend, which in turn is anticipated to be fostering and supporting the growth of the market for bare metal cloud services. Bare metal cloud services provide access to advanced insights through high performance computing (HPC) which is a factor for its growing demand as it promotes productivity and innovation for several end-use sectors.
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It is projected that small and medium-sized organisations will scale their spending on bare metal cloud services resulting in the projection of a significant growth of the bare metal cloud service market. These services help improve organisation efficiency, due to which corporate entities are increasing the demand for bare metal cloud services to boost their profitability. The growing need for IT infrastructure that is scalable, efficient, adaptive, and simple to use, together with the explosive growth of data traffic and low CAPEX and OPEX expenses, are further propelling the growth of the market for bare metal cloud services.
Bare Metal Cloud Service Industry Definition and Major Segments
A bare metal cloud service refers to a type of cloud service which allows users to rent a physical machine from a provider. It is a type of IaaS (infrastructure as a service) cloud service which requires a server infrastructure which implements cloud services without virtualisation.
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On the basis of service, the market is divided into:
Networking Services
Compute Services
Security Services
Database Services
Professional Services
Managed Services
Storage Services
Based on enterprise, the market is bifurcated into:
Small and Medium Enterprises
Large Enterprises
On the basis of industry, the market is classified into:
BFSI
Retail
Manufacturing
Healthcare
Media and Entertainment
IT and Telecom
Government
Other
Based on region, the market is divided into:
North America
Europe
Asia Pacific
Latin America
Middle East and Africa
Bare Metal Cloud Service Market Trends
Emergence of hybrid cloud solutions is one of the key trends that is aiding the growth of the bare metal cloud service market. To build a more effective and affordable IT infrastructure, many companies are choosing hybrid cloud solutions, leading to a greater demand for bare metal cloud services. The market for bare metal cloud services is also being supported by the benefits of hybrid cloud solutions like remote access of data to every worker and employee. Hybrid cloud solutions provide businesses with better protection and control over data with cost-effective solutions which help them to scale their operations to meet demand surges.
Increasing incorporation and utilisation of containerisation is surging the bare metal cloud service market, owing to the high level of control and flexibility offered by it. Since containerisation makes it simple for developers to migrate programmes between various cloud environments, more customers and users are inclining towards it. The ease in portability, higher speed, advanced scalability, quality safety, and efficiency are surging the demand for containerisation which is rapidly increasing the market for bare metal cloud services.
Key Market Players
The major players in the global bare metal cloud service market report are International Business Machines Corporation, Oracle Corporation, Scaleway S.A.S, Internap Holding LLC, and Lumen Technologies, Inc., among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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