Global Bare Metal Cloud Market Research Report Covers Historical Market Trends, Current Market Dynamics, Market Valuation by Segmentation as Well as Region, Risk and Opportunity Assessment, Country-level Analysis for Every Segment, Key Player’s Market Share Analysis, Competitive Landscape and Supply Chain Analysis.
The Global Bare Metal Cloud Market 2020 was estimated at USD 1.52 billion in 2017 and is set to expand at USD 7.73 billion by 2023, forecasts Market Research Future (MRFR). The market exhibits immense promise and can potentially attain a growth rate of 31.12% during the forecast period (2018-2023).
The prominent vendors in the bare metal cloud market are constantly on the lookout for major opportunities that can help them gain great heights. These companies are indulging in various strategic activities like mergers and acquisitions, as well as partnerships that can win them a higher number of consumers and also have an advantage over their rivals in the market. Some of these players are CenturyLink, Inc. (U.S.), Rackspace Hosting, Inc. (U.S.), IBM Corporation (U.S.), Oracle Corporation (U.S.), Internap Corporation (U.S.), and others.
Some other renowned innovators include Scaleway Inc., Dell Technologies, Inc., Bigstep, Strom, and Spotinst, Joyent, Inc., to name a few.
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Top Drivers and Main Barriers
Accelerated demand for flexible and high-performance cloud services is believed to be one of the chief factors backing the growth of the global bare metal cloud market. Bare metal cloud service is the best choice for companies that are under stringent regulatory requirements and are required to conduct short-term, data-intensive functions without delays.
Mounting demand for efficient cloud services, increasing workloads requiring consistent cloud performance, and surging focus on the customization of cloud resources depending on the requirement, are some of the prime factors inducing the growth of the global bare metal cloud market.
The surge in compliance challenges, as well as the threat of breaking compliance mandates within the multitenant cloud environment, has boosted the demand for the global bare metal cloud market, especially across a variety of security-sensitive organizations.
Bare Metal Cloud Service Market Trends
With the advent of artificial intelligence (AIA), the deployment of bare metal servers has increased across a multitude of markets, since AI involves huge data sets, substantial processing speed as well as I/O power.
Furthermore, the rising necessity of non-locking compute and storage resources all over the world has also ramped up the growth rate of the bare metal cloud market.
- Cloud services providers
- Solution vendors
- Networking and communication services providers
- Original Equipment Manufacturers (OEMs)
- Government Associations
- Managed Service Providers (MSPs)
- System integrators
- Technology standards organizations, forums, alliances, and associations
- Universities and research organizations
- Government bodies
Bare metal cloud market has been extensively analyzed in the MRFR report, keeping in mind the primary segments of service type, organization type, and vertical.
The service types covered in the report are networking services, volume and object storage services, computing services, identity, and access management services, database services, and others.
Given the organization type segment, the market has been considered for small and medium enterprises along with the large enterprises.
Vertical-based segments in the market are government, BFSI, IT and telecommunication, healthcare, retail, manufacturing, and others.
The geographical distribution of the global market for bare metal cloud includes Europe, North America along with Asia Pacific (APAC) and the rest of the world (RoW).
North America is touted to be the most profitable market for bare metal cloud from 2018 to 2023. The region consists of highly sustainable and well-established economies that make substantial investments in the latest technologies including social media, Internet of Things (IoT), big data, DevOps and mobility. Also, public sector cloud initiatives like trusted cloud and CloudFirst will work in favor of the market in the region. Extensive growth of the start-up culture as well as cloud computing initiatives, especially in the United States (U.S.) and Canada, can stimulate the growth of the bare metal cloud market in the following years.
Europe has established its dominance over the global bare metal cloud market by securing the second position, backed by the presence of highly developed countries that are busy investing in Research and Development (R&D) activities. These activities have led to the development of advanced technologies like big data, Internet of Things (IoT), mobility, social media, and DevOps in the region. Also, the surge in significant cloud initiatives like Germany (Trusted Cloud), Spain (Public Sector Cloud Initiatives) and U.K. (CloudFirst) benefit the overall regional market.
APAC exhibits high growth prospects and is all set to achieve the highest CAGR in the given timeframe, on account of prominent cloud initiatives in countries like Australia, Singapore (G-Cloud) as well as China. China is the second-largest economy in the world and has emerged as a game-changer in various global markets; therefore, the country has the most potential to become the leading market for bare metal cloud in the region.
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TABLE OF CONTENTS
1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.1 Research Objectives
2.2.2 Assumptions & Limitations
2.3 Markets Structure
3 Market Research Methodology
3.1 Research Process
3.2 Secondary Research
3.3 Primary Research
3.4 Forecast Model
4 Market Landscape
4.1 Porter’s Five Forces Analysis
4.1.1 Threat Of New Entrants
4.1.2 Bargaining Power Of Buyers
4.1.3 Threat Of Substitutes
4.1.4 Segment Rivalry
4.2 Value Chain/Supply Chain Of Global Bare Metal Cloud Market
5 Industry Overview Of Global Bare Metal Cloud Market
5.2 Growth Drivers
5.3 Impact Analysis
5.4 Market Challenges
6 Market Trends
6.2 Growth Trends
6.3 Impact Analysis
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