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Bare Metal Cloud Market to Witness Exponential Growth by 2027

11-10-2017 01:14 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Future Market Insights

Bare Metal Cloud Market to Witness Exponential Growth by 2027

Growing demand for high performance and flexible cloud services drives the growth of global bare metal cloud market. Bare metal cloud is a single tenant server with a non-virtualized cloud infrastructure. The bare metal cloud environment allows an organization to rent dedicated servers and hardware resources from a remote cloud service provider. Bare metal cloud configuration delivers high performance cost effective solutions for organizations, by replacing the virtualization of cloud with a single dedicated tenant server. The bare metal cloud service is ideal for companies under strict regulatory requirements and in need to perform short-term, data-intensive functions, without any overhead delays. Bare metal cloud services are available with hourly and monthly pricing model, with various on-demand storage and processing capacity.

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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.

Future Market Insights (FMI) is a leading market intelligence and consulting firm. We deliver syndicated research reports, custom research reports and consulting services, which are personalized in nature. FMI delivers a complete packaged solution, which combines current market intelligence, statistical anecdotes, technology inputs, valuable growth insights, an aerial view of the competitive framework, and future market trends.

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