Bare Metal Cloud Market to grow USD 19.1 billion by 2028

The bare metal cloud market size is expected to grow from USD 8.5 billion in 2023 to USD 19.1 billion by 2028 at a Compound Annual Growth Rate (CAGR) of 17.4% during the forecast period. The emergence of AI and ML applications offers opportunities for the bare metal cloud market growth. Lack of isolation in multi-tenant environments represents a significant challenge for the growth of the bare metal cloud market.

"As per service type, the storage services segment to hold the second largest market share in 2023."

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Bare metal cloud storage services offer a robust and high-performance solution for organizations seeking dedicated and scalable storage resources in the cloud. Bare metal cloud storage eliminates the overhead of virtualization, resulting in low-latency, high-speed access to storage resources. This is essential for applications that rely on fast and consistent data retrieval and storage, such as big data analytics, high-resolution media processing, and database operations. Organizations can quickly scale their storage infrastructure up or down based on their specific needs without the constraints of shared virtualized storage. Whether managing growing datasets or accommodating fluctuating storage demands, bare metal cloud storage services provide the flexibility to ensure optimal resource utilization. Further, bare metal cloud storage services typically offer data redundancy and backup options to enhance data durability and availability. This is crucial for maintaining data integrity and ensuring business continuity during hardware failures or unexpected incidents.

"As per vertical, the manufacturing vertical to hold second largest market share in 2023."

The manufacturing industry is undergoing a digital transformation, often referred to as Industry 4.0. Key technological trends aligning with bare metal cloud adoption include IoT integration, big data analytics, AI, and edge computing. For instance, General Electric, a global manufacturing company, utilized a bare metal cloud to optimize its operations by harnessing dedicated, high-performance servers. These servers facilitate real-time data analysis from sensors and IoT devices embedded within their equipment, enabling predictive maintenance. The bare metal cloud finds applications in quality control within the manufacturing domain. This real-time analysis detects defects and inconsistencies, ensuring that only high-quality products reach the market. Supply chain optimization is another vital application, allowing manufacturers to track inventory, forecast demand accurately, and cost-effectively optimize logistics.

"As per region, the Latin America region is projected to witness the second-highest CAGR during the forecast period."

Due to several compelling factors, Latin America has emerged as a favorable destination for the growth of the cloud industry. These include the region's unmet demand for cloud services, its substantial population, often concentrated in major urban centers, and its openness to both US and Chinese cloud service providers. As Latin America increasingly becomes an emerging market for major cloud providers, the local tech sectors could reap the most significant benefits. Cloud-related activities have already boosted various related industries in the region, including the leased data center sector. As Latin American businesses invest more in cloud computing, they are increasingly seeking ways to improve the performance of their applications and workloads. Bare metal cloud solutions provide dedicated physical servers without virtualization layers, ensuring consistent and high-performance computing resources.

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This release was published on openPR.