Bare Metal Cloud Market to Witness Exponential Growth by 2027
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Global Bare Metal Cloud Market: Market Dynamics
Increasing demand for high performance cloud services, rising workloads which required consistent cloud performance, and growing interest for customization of cloud resources based on requirement, are the key factors contributes the growth of global bare metal cloud market.
Increasing compliance challenges and threat of breaking compliance mandates in the multitenant cloud environment, further accelerates growth of global bare metal cloud market particularly from various security-sensitive organizations.
Additionally, cost factors, including lower data transfer costs, reduced software licensing fees, pay-as-you go flexibility and advantage of accounting IT storage expenses as an operational expenses instead of capital expenses, are the factors expected to fuel the growth of global bare metal cloud market.
However, lack of awareness about the potential benefits bare metal cloud services, huge capital investment & operating costs from service provider side, are the factors identified as the restraints likely to deter the progression of global bare metal cloud market.
Global Bare Metal Cloud Market: Segmentation
The global bare metal cloud market is segmented on the basis of component type, end user and by region.
On the basis of component type, the global bare metal cloud market can be segmented into hardware, software and services
Further bare metal cloud hardware segment can be sub-segmented into bare metal servers, bare metal storage, and bare metal networking and the services segment can be sub-segmented into integration, consulting & training, and maintenance
On the basis of end user, the global bare metal cloud market can be segmented into BFSI, Healthcare, Government, Manufacturing, Retail, Telecom & IT, Others
Global Bare Metal Cloud Market: Regional Outlook
On the basis of region, the global bare metal cloud market can be segmented into North America, Latin America, Western Europe, Eastern Europe, Middle East & Africa (MEA), Asia Pacific excluding Japan (APEJ) and Japan. North America followed by Western Europe is expected to dominate the market. Due to increasing demand for flexible, high speed and cost effective cloud services in North America and strict regulatory compliance and continuous adaptation to cloud based technologies in Western Europe. Asia pacific is identified as the fastest growing market, due to transforming work load priorities from back end operations to core business functions.
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Global Bare Metal Cloud Market: Competition Landscape
Some of prominent vendors in the global bare metal cloud market are, IBM, Oracle, Internap, Rackspace US, Inc., CenturyLink, Limestone Networks, Inc., Datapipe, Inc., Packet, and Scaleway.
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