Bare Metal Cloud Market Size, Share and Global Market Forecast 2029


 

Bare Metal Cloud Market was valued at USD 5,800 million in 2021 and is projected to reach USD 35,240 million in 2029 growing at a very high CAGR of 25.3% during 2022-2029

The factors driving growth of Bare Metal Cloud Market includes rapid growth IT & Services industry, rise in the number of data centers around the world, increase in the volumes of monetary transactions, emerging need for reliable data balancing of data-intensive operations and improvements in the living standards. Moreover, growing adoption of advanced technologies such as Artificial Intelligence (AI), Internet of Things (IoT) and Big Data Analytics by major companies, rising awareness about the benefits offered by bare metal cloud services and rapid urbanization, are some of the additional factors supplementing the Bare Metal Cloud Market size. In addition, the increasing investments by major companies on research and development, rise in the launch of innovative products and growing population growth rates, are further contributing towards the market growth.

However, growth of the Bare Metal Cloud Market is hindered due to high operational cot of bare metal cloud services.

The major players operating in the market are Equinix, Inc., Alibaba Cloud, Scaleway, Oracle, IBM, Internap Holding LLC, OVHcloud, Rackspace Technology, Amazon Web Services and Inc., Dell Inc., among others.

Based on Type, the Commute Services segment is predicted to grow at a significant CAGR during the forecast period

Increasing use of commute services for enhancing distribution of workloads across multiple computing resources such as network links, central processing, and disk drives, is propelling Bare Metal Cloud Market share.

Based on Verticals, the Banking, Financial, Services, and Insurance (BFSI) segment is projected to grow at a robust CAGR over the forecast period

Bare metal cloud services provide enhanced protection during online transactions and rise in data traffic in the banking industry, are some of the factors pushing growth of the segment.

Based on Region, the Asia-Pacific region is anticipated to expand at a remarkable CAGR during the forecast period

Increase in Government’s expenditure on smart city projects, growing adoption of advanced technologies such as Artificial Intelligence (AI) and Internet of Things (IoT) by major companies, rapid urbanization, and high population growth rates, are some of the important factors augmenting the market growth in the Asia-Pacific region.

Key Developments

  • February 2021, IBM introduced high-speed, hybrid cloud, flash storage systems and container-centric updates to make enterprise class storage accessible to businesses of all sizes and needs
  • March 2020, Equinix completed the acquisition of Packet, a bare metal automation platform provider which rapidly deploy digital infrastructure by leveraging Packet’s innovative and developer-oriented bare metal service offering to accelerate its organic bare metal solution development.

Market Segmentation

Segmentation by Service Type

  • Compute Services
  • Networking Services
  • Database Services
  • Security Services
  • Storage Services
  • Professional Services
  • Managed Services

Segmentation by Verticals

  • Banking, Financial, Services, and Insurance (BFSI)
  • Retail and Consumer Goods
  • IT and ITeS
  • Telecommunications
  • Healthcare and Life Sciences
  • Manufacturing
  • Media and Entertainment
  • Government
  • Others

Segmentation by Organization size

  • Small and Medium-sized
  • Large Enterprises

Segmentation by Region

  • Asia Pacific
    • China
    • Japan
    • India
    • Rest of APAC
  • North America
    • United States of America
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Spain
    • Rest of Europe
  • RoW
    • Brazil
    • South Africa
    • Saudi Arabia
    • UAE

About GMI Research

GMI Research is a market research and consulting firm which provides market insights and intelligence across 12 major sectors helping our clients in making effective investment and business decisions.

Media Contact
Company Name: GMI RESEARCH
Contact Person: Sarah Nash
Email: enquiry@gmiresearch.com
Phone: Europe – +353 1 442 8820; US – +1 860 881 2270
Address: Dublin, Ireland
Website: https://www.gmiresearch.com/

Location: United States

Comments

Post a Comment

Popular posts from this blog

Seizing the Europe Smart Home Market Opportunity

Image
 The Europe smart home market presents a vast and promising opportunity for businesses and consumers alike. With advancements in technology, changing lifestyles, and increasing awareness about energy efficiency, the smart home industry in Europe is ripe with potential for growth and innovation. The opportunity in the Europe smart home market stems from several key factors. Firstly, the region boasts a large and affluent consumer base that is increasingly embracing connected technology to enhance their lifestyles. From smart thermostats and lighting systems to security cameras and voice-controlled assistants, the demand for smart home devices is on the rise across the continent. Moreover, supportive regulatory initiatives and incentives aimed at promoting energy efficiency and sustainability are creating a conducive environment for the adoption of smart home technology in Europe. Tax incentives, rebates, and subsidies for energy-efficient home upgrades are encouraging homeowners to...
Read more

Unlocking Opportunities: GCC Medical Packaging Market Growth in 2024

Image
The GCC medical packaging market is poised for substantial growth in 2024, driven by factors such as technological advancements, increasing healthcare spending, and a focus on patient safety. The region's growing population, coupled with rising demand for quality healthcare services, is fueling the expansion of the medical packaging sector. Let's explore the key drivers and opportunities contributing to the growth of the GCC medical packaging market this year. One of the primary drivers of market growth is the continuous innovation in medical packaging technologies. Companies are investing in advanced packaging materials, designs, and functionalities to meet the evolving needs of healthcare providers and patients. Smart packaging solutions equipped with sensors, RFID tags, and tracking capabilities are enhancing product safety, supply chain visibility, and real-time monitoring. This technological progress is driving the adoption of intelligent packaging solutions and fueling m...
Read more

Riding the Wave: India Wireless Earphone Market Surges Amidst Growing Demand

Image
 The India Wireless Earphone Market is witnessing remarkable growth, buoyed by an increasing demand for wireless audio solutions and a shift towards a wireless lifestyle. With consumers seeking convenience, mobility, and superior audio quality, wireless earphones have emerged as a must-have accessory in today's digital age, driving significant market expansion. One of the key drivers of growth in the India Wireless Earphone Market is the rising penetration of smartphones and smart devices. With smartphone ownership becoming ubiquitous across urban and rural areas, there is a growing need for wireless earphones that complement these devices seamlessly. As consumers look for hassle-free connectivity and on-the-go audio solutions, the demand for wireless earphones continues to surge, fueling market growth. Moreover, technological advancements in wireless audio technology are driving market expansion. Innovations such as true wireless earbuds, active noise cancellation, and advanced B...
Read more