Bare Metal Cloud Market Size and Forecasts (2020 - 2030), Global and Regional Share, Trends, and Growth Opportunity Analysis Report Coverage: By Service Type (Networking Services, Storage & Database Services, Compute Services, Security Services, and Other

Bare Metal Cloud Market Size and Forecasts (2020 - 2030), Global and Regional Share, Trends, and Growth Opportunity Analysis Report Coverage: By Service Type (Networking Services, Storage & Database Services, Compute Services, Security Services, and Others), Enterprise Size (SMEs and Large Enterprises), and Application (BFSI, Manufacturing, Government, Retail, Healthcare, IT & Telecommunications, and Others)

The Bare Metal Cloud Market size is expected to reach US$ 27.18 billion by 2030 from US$ 6.69 billion in 2022, with an estimated CAGR of 19.2% from 2022 to 2030.

Flexibility is a significant advantage offered by bare metal cloud services. It provides end-user complete control over cloud assets so that the user can setup and customize it as per need. Mainly, the user has direct physical access to the resources compared to typical cloud offerings where physical resources are hidden behind the hypervisor layer. Bare metal cloud services allow one to control the number of virtual machines and the workload on them. Despite higher per-unit costs, bare-metal cloud service is more cost-efficient than virtualized servers for high workloads. Since, usage rates are calculated on whichever is suitable an hourly or a monthly basis.

Based on service type, the bare metal cloud market is segmented into networking services, storage & database services, compute services, security services, and others. The storage & database services segment held the largest share in the bare metal cloud market in 2022. The bare metal cloud provides high-performance storage that leverages non-volatile memory express (NVMe) servers. Also, it enables various critical business sectors, including BFSI, to accelerate the data transfer between enterprise and client systems. Moreover, bare metal vendors such as Oracle allow dynamically attachable remote block storage that enhances IOPS. Scalable storage infrastructure ensures high performance for real-time trading and analytics, empowers policy-driven data archival to address compliance, and supports growing storage needs to manage large data sets from multiple data sources.

Based on application, the bare metal cloud market is segmented into BFSI, manufacturing, government, retail, healthcare, IT & telecommunications, and others. The IT & telecommunications segment held the largest share in the bare metal cloud market in 2022. Increasing data generated by large social media platforms, growing adoption of smart devices, and increasing utilization of smartphone applications are a few major factors driving the bare metal cloud market growth for the segment. Size, speed, and efficiency are among the essential elements in the IT industry. Increased adoption of smartphones, tablets, laptops, gaming consoles, and others has generated the need for additional data storage capacity. Bare metal cloud offers various benefits to the IT industry such as deployment speed, energy efficiency, and scalability. Thus, the IT industry is adopting the bare metal cloud to keep pace in the highly competitive market.

The bare metal cloud market size is segmented into service type, enterprise size, and application. Based on service type, the bare metal cloud market is segmented into networking services, storage & database services, compute services, security services, and others. In terms of enterprise size, the bare metal cloud market is bifurcated into SMEs and large enterprises. Based on application, the bare metal cloud market is segmented into BFSI, manufacturing, government, retail, healthcare, IT & telecommunications, and others. By region, the Bare Metal Cloud Market is segmented into North America, Europe, Asia Pacific, the Middle East & Africa, and South America.

Amazon.com Inc, Microsoft Corporation, Alphabet Inc, IBM Corporation, Oracle Corporation, Rackspace Service Type Inc, Lumen Technologies Inc, Internap Holding LLC, Equinix Inc, Limestone Networks Inc, Scaleway SAS, Bigstep Inc, and Cyxtera Technologies Inc are among the key bare metal cloud market players that are profiled in this market study.

The overall Bare Metal Cloud Market size has been derived using both primary and secondary sources. Exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the Bare Metal Cloud Market. The process also helps obtain an overview and forecast of the market with respect to all the market segments. Also, multiple primary interviews have been conducted with industry participants to validate the data and gain analytical insights. This process includes industry experts such as VPs, business development managers, market intelligence managers, and national sales managers, along with external consultants such as valuation experts, research analysts, and key opinion leaders, specializing in the Bare Metal Cloud Market.

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