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Bare Metal Cloud Market is segmented by Component that is Bare Metal Cloud Servers, API Integration and Deployment services, Business Consulting services, Support and Maintenance services.
In the coming years, it is expected that, small and medium enterprises will be the top adopters of bare metal cloud servers and services, as incorporation of the same will enable such enterprises enhance business functionality by improving productivity and minimizing operating costs.
Investments made for the procurement of bare metal cloud servers and services are witnessing considerable growth. These factors are contributing to the growth of the global bare metal cloud market.
End users are procuring hybrid, multi-cloud management software solutions that help in delivering and managing an all-inclusive spectrum of multi-cloud, hybrid environments.
End users are utilizing such solutions to fulfill their requirement of digital transformation. Incorporation of hybrid and multi-cloud platforms by enterprises helps DevOps by enabling constant data delivery and access across the cloud infrastructure. Bare metal cloud management software solutions help in improving operational efficiency and IT responsiveness.
Enterprises are focusing on the adoption of cloud resiliency orchestration services (also referred to as disaster recovery orchestration) to harness enhanced self-service and automation capabilities.
These services offer disaster recovery reporting, monitoring, automation, and testing workflow capabilities in a bare metal cloud environment.
Disaster recovery orchestration services for bare metal cloud infrastructures combine analytics and automation for delivering cost-effective and faster disaster recovery solutions for helping enterprises avoid disruptions and keeping their business operations running.
Currently, enterprises are procuring on-demand bare metal cloud servers and services integrated with self-service provisioning infrastructure. This helps them manage their cloud infrastructure as per their business requirements, and minimize the time required for the provision of cloud services.
Also, these bare metal cloud services minimize complications incurred due to the interconnection of heterogeneous components such as storage devices and networks. Bare metal cloud servers use simplified self-service provisioning infrastructure that further minimizes manual workloads and errors.
Enterprises are switching toward the adoption of cloud-based solutions in order to minimize IT infrastructure costs. Most of these enterprises are moving their data to the public cloud. This increases security risks such as lack of security control and unauthorized access to the stored data.
Enterprises also face such challenges while integrating bare metal cloud services with on-premise security management applications and tools. These factors are restricting the adoption of bare metal cloud servers and services on a global scale.
The global market value for bare metal cloud servers and services is estimated to expand at a healthy CAGR of more than 20% during the forecast period. The global bare metal cloud market is expected to exceed US$ 6.5 Bn by the end of the forecast period.
The bare metal cloud market in the Southeast Asia and Pacific region is projected to register the highest CAGR of approximately 35% among all the regional markets. Strong growth of the Southeast Asia and Pacific market can be attributed to bare metal clouds finding novel use cases in small- and medium-sized enterprises in the region.
Undoubtedly, the impact of the COVID-19 outbreak will be massive on the economy, and lead to uncertainty in spending, including IT spending. The rising number of infections has shaken working environments across the world, with social distancing, isolations, and majority of employees working from home; the bare metal cloud market could witness positive upshots owing to the pandemic.
Now is the time for cloud providers to leverage on the shortcomings of server systems, and to demonstrate that cloud services are the perfect fit for uncertain times such as these, owing to the flexibility and agility of cloud solutions.
Showing support amidst trying times, CenturyLink, a prominent North America-based player in the bare metal cloud market, waived off late fees for residential and small business users. Likewise, other players are also expected to take advantage of the situation and gain traction among users.
Bare metal cloud providers should focus on servicing their core clientele. With that, in order to survive in this extremely price-sensitive market, bare metal cloud providers should focus on attracting new customers too. Ensuring that the company has a separate strategy focused on attracting new clients in varied regional markets is crucial for success in the global bare metal cloud market. Players can look to APEJ for increased sales and profits.
PMR’s research study on the global bare metal cloud market offers a detailed market segmentation, wherein, key segments have been discussed in detail. The segmentation of the bare metal cloud market has been done on the basis of component, end user, vertical and region.
Every segment has been analyzed in detail, and data pertaining to the growth of each segment has been included in the study.
The global bare metal cloud market is estimated to reach US$ 1.05 Bn in the year 2021.
The global bare metal cloud market is expected to witness a staggering CAGR of 20.5% between 2021 and 2031.
The bare metal cloud market witnessed a CAGR of 19% between 2015 and 2020.
The ongoing trend is that of several vertical markets deploying bare metal servers with AI taking the center-stage.
The requirement of reliable load balancing operations all over cloud is driving the demand for bare metal cloud.
The top 5 players such as IBM, Internap, Oracle, Rackspace, and Dell hold more than 60% of the market share.
The top 5 countries driving demand include the US, France, and China.
North America holds more than 80% of market share due to the US housing majority of key players.
Europe is expected to grow at the rate of 17% in the bare metal cloud market between 2021 and 2031.
The US houses majority of the key players in bare metal cloud market.