Bare Metal Cloud Market Expected To Reach Around $14.32 bn Globally By 2024

Zion Market Research has published a new report titled “Bare Metal Cloud Market by Component (Solutions and Services [Integration & Migration, Consulting & Assessment, and Maintenance Services]), by End-User (Advertising, BFSI, Government, Healthcare, Manufacturing, Telecommunication & IT, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2017-2024’’. According to the report, global bare metal cloud market was valued at around USD 1.41 billion in 2017 and is expected to reach approximately USD 14.32 billion in 2024, with a CAGR of 39.2% between 2018 and 2024.

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Bare metal cloud is a platform where hardware components are available on rent as per demand by the respective customers. Bare metal cloud is made from dedicated servers that avoid the fight for resource generally seen in virtual machines. Certain benefits of bare metal cloud services are large processing power along with high input/output operations per second, service quality that promises to eliminate noise problem in multiple customer environments and resources dedicated for a single customer.

Global Bare Metal Cloud Market

Growing data along with the need for high computing speed are the major factors driving the market growth. Moreover, the emergence of fabric virtualization along with the need for storage resources and non-locking compute has triggered the market pace. In addition, bare metal cloud has promising applications for shared hardware resources to increase the availability and decrease the cost of services which is anticipated to drive the market in the forecast period. However, lightweight hypervisors can hinder the market growth in the forecast period.

The bare metal cloud market is divided on the basis of the component, end users, and region. The component segment is bifurcated into solutions and services. Services are sub-segmented into consulting & assessment, integration & migration, and maintenance services. The solution is contributing significantly to bare metal cloud market due to its large applications in different verticals such as healthcare, BFSI, government, and others. For instance, IBM is providing a bare metal cloud solution to accelerate rare disease diagnostics.

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End-user industries in the global bare metal cloud market are the advertisement, BFSI, government, healthcare, manufacturing, telecom & IT, and others. Healthcare and manufacturing are predicted to be the lucrative sector owing to better innovative solutions provided by players in the bare metal cloud market. BFSI will grow significantly in bare metal cloud market due to its large applications in high-rated transactions and big financial management. Government is another sector following BFSI in achieving significant market growth. Europe is following the trend of North America in the bare metal cloud market as significant players such as Oracle and IBM are showing their interest in expanding their cloud business by launching new products. For instance, Oracle has launched its new bare metal cloud platform for Germany in May 2017.

Prominent market players have their substantial contribution to the cloud service market due to its heavy impact on the IT and other verticals. Leading market players have their major focus towards expanding their global reach to compete with other market players along with maintaining their existing dominance in the bare metal cloud market. IBM Corp., Oracle Corporation, Centurylink Incorporation, Rackspace Hosting Incorporation, Internap Corporation, Packet, Joyent Inc., BIGSTEP, Scaleway, and Liquid Web Inc., among others are some of the significant players in the bare metal cloud market. Strategic collaboration coupled with partnership agreement are the key strategies adopted by the producers to establish a prominent business footprint.

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The report segments the global bare metal cloud market as follows:

Global Bare Metal Cloud Market: Component Segment Analysis

  • Solution
  • Services
    • Integration & Migration
    • Consulting & Assessment
    • Maintenance Services

Global Bare Metal Cloud Market: End-User Segment Analysis

  • Advertising
  • BFSI
  • Government
  • Healthcare
  • Manufacturing
  • Telecom & IT
  • Others

Global Bare Metal Cloud Market: Regional Segment Analysis

  • North America
    • The U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • The Middle East and Africa

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