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

Managed Print Services Market Size, Share, & Growth Analysis - 2020-2027

Image
  Managed Print Services Market The Managed Print Services Market is estimated to reach USD 70 billion by 2027, growing at a CAGR of 8.2% over the forecast period (2020-2027). The factors driving the growth of Managed Print Services Market includes digital transformation across the industry verticals such as Banking, Financial Services, and Insurance (BFSI), Healthcare and Telecommunication, emerging need to reduce paper wastage and growing trend of Bring Your-Own Device (BYOD). According to the report published by Environmental Paper Network, the consumption of paper worldwide has drastically increased by 400% over the last four decades, on an average a citizen in the United States uses more than 700 pounds of paper every year, which will boost the Managed Print Services Market Growth in the approaching years. Moreover, the growing adoption of Cloud Computing and Big Data Analytics by the major organizations, increasing investments by the leading players on research and development
Read more

Crypto Asset Management Market size, share & Trends Forecast 2028

Image
  The Crypto Asset Management Market was estimated around USD 315 million in 2020 and is predicted to grow at a CAGR of 21.1%, over the forecast period (2021-2028). The factors driving growth of the market includes rise in the number of institutional investors and wealth managers investing first time in crypto currency, surge in the volumes of online transactions around the world, emerging need to secure cryptocurrency assets, Government initiatives promoting digitalization and improvements in the living standards. Cryptocurrency asset management platforms allow investors to manage different wallets in one spot, simplifies the management of the developing crypto asset for seasoned traders, and helps users to increase their portfolio, are some of the features pushing the Crypto Asset Management Market size . Moreover, increasing adoption of cryptocurrency across industry verticals such as Healthcare, Retail and Commerce, BSFI, advancements in Internet of Things (IoT) and Artificial Inte
Read more

Liquefied petroleum gas Market Size, Share, Growth 2027

Image
  Liquefied Petroleum Gas Market The Liquefied Petroleum Gas Market is expected to grow at a faster CAGR over the forecast period (2020-2027). The factors driving the growth of Liquefied Petroleum Gas Market includes increasing use of liquefied petroleum gas as a substitute to fossil fuels, growing demand for natural gas and oil around the world and rising awareness amongst consumers about the benefits of liquefied petroleum gas. According to the report published by Statista, the Global Oil and Gas Storage Market was estimated around USD 929 million in 2019 and is expected to reach more than USD 1 billion by the end of 2026, which will boost the Global Liquefied Petroleum Gas Market in the approaching years. Moreover, growing emphasis on using cleaner sources of energy, increasing application of liquefied petroleum gas in households and restaurants for cooking and heating food and strict regulations imposed by Government reduce the carbon emission levels, are some of the additional fa
Read more