Overview and Scope
Bare metal cloud refers to a public cloud service where the client leases specialized hardware resources from a distance, without any installed operating systems or virtualization infrastructure. The bare metal cloud is used to rent dedicated ha+A145rdware resources from a remote service provider.
Sizing and Forecast
The bare metal cloud market size has grown exponentially in recent years. It will grow from $8.46 billion in 2023 to $10.35 billion in 2024 at a compound annual growth rate (CAGR) of 22.4%. The growth in the historic period can be attributed to demand for high-performance computing, need for isolation and dedicated resources, growth in data-intensive applications, adoption of bare metal cloud for big data analytics, increased security and compliance requirements.
The bare metal cloud market size is expected to see exponential growth in the next few years. It will grow to $24.8 billion in 2028 at a compound annual growth rate (CAGR) of 24.4%. The growth in the forecast period can be attributed to growth in hybrid cloud deployments, increased adoption by small and medium enterprises (smes), emphasis on bare metal cloud for artificial intelligence (ai) workloads, expansion of bare metal cloud for high-performance gaming, integration of bare metal cloud with edge computing. Major trends in the forecast period include bare metal cloud for containerized workloads, customizable bare metal instances and configurations, adoption of bare metal cloud in 5g networks, focus on sustainable and green bare metal cloud solutions, integration of bare metal cloud with network function virtualization (nfv).
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Segmentation & Regional Insights
The bare metal cloud market covered in this report is segmented –
1) By Component Type: Hardware, Software, Services
2) By Organization Size: Large Enterprises, SMEs
3) By Vertical: Banking, Financial, Services, And Insurance (BFSI), Retail And Consumer Goods, IT And ITeS, Telecommunications, Healthcare And Life Sciences, Manufacturing, Media And Entertainment, Government
North America was the largest region in the bare metal cloud market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the bare metal cloud market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Major Driver Impacting Market Growth
The increasing adoption of cloud services is expected to propel the growth of the bare metal cloud market going forward. Cloud services refer to the set of services provided by the third-party organization on demand of client companies or customers via the internet to conduct smooth business operations. Bare metal cloud allows organizations to access to a dedicated server, without virtualization. For instance, in 2021, according to a US-based learning company’s O’Reilly Media, Inc survey, approximately 90% of organizations are using cloud computing in the year 2021 as compared to 88% last year. Also, nearly 37% respondents said that they plan to be cloud native within three or more years. Therefore, the increasing adoption of cloud services and enterprise mobility services is driving the bare metal cloud market growth.
Key Industry Players
Major companies operating in the bare metal cloud market report are International Business Machines Corp, Oracle Corporation., Internap Holding LLC., Rackspace Technology Inc., Amazon Web Services Inc., Ionos SE., Alibaba Cloud, Lumen Technologies Inc., DigitalOcean Holdings Inc., Equinix Inc., Google Cloud Platform, Hetzner Online GmbH, Hostinger International Ltd., Hostwinds LLC, InMotion Hosting Inc., Kamatera Inc., Linode LLC., CloudOne Digital LLC., OVH Groupe SA., PhoenixNAP LLC, SingleHop LLC., UpCloud Ltd., Vultr LLC., ZNet Technologies Pvt. Ltd., Zoho Corporation Pvt. Ltd.
The bare metal cloud market report table of contents includes:
1. Executive Summary
2.Bare Metal Cloud Market Characteristics
3.Bare Metal Cloud Market Trends And Strategies
4. Bare Metal Cloud market analysis
5.Bare Metal Cloud Market Size And Growth
6. Bare Metal Cloud Segmentation
7.Bare Metal Cloud Regional And Country Analysis
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27.Bare Metal Cloud Competitive Landscape And Company Profiles
28. Bare Metal Cloud Key Mergers And Acquisitions
29.Bare Metal Cloud Future Outlook and Potential Analysis
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