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.
Rising Procurement of DevOps-based Hybrid, Multi-Cloud Management Solutions
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.
Cloud Resiliency Services Gaining Traction in Bare Metal Cloud Market
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.
Rising Procurement of On-demand Cloud Services with Fully-automated Provisioning Infrastructure
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.
Security Concerns while Adopting Cloud-based Solutions
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.
Bare Metal Cloud Market in APEJ to Present Noteworthy Opportunities
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.
Impact of COVID-19 on Bare Metal Cloud Market
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.
Bare Metal Cloud Market – Report Scope
Persistence Market Research (PMR) recently published a new research study on the bare metal cloud market for the assessment period of 2019–2029. It offers a close look at the evolving aspects of the bare metal cloud market, as well as the dynamics impacting market growth. This research study focuses on key developments in the bare metal cloud market and other developments that are on the cards. The report talks about various macro- and micro-economic factors responsible for having an in-depth impact on the growth of the bare metal cloud market.
The market overview provides the growth scenario and market potential with maximum precision, which is adjudged with suitable assumptions. The report features unique and relevant factors that are expected to create a significant impact on the bare metal cloud market during the forecast period. This report includes a detailed and considerable amount of information, which will help new solution providers in the most comprehensive manner for better understanding.
Several stakeholders in the bare metal cloud market can rely on the data offered in this research study and delve into pragmatic decision-making. Moreover, the information offered in the bare metal cloud market report also helps new market entrants expand their bases in the bare metal cloud market.
The report elaborates historical and current trends molding the growth of the bare metal cloud market. The performance journey of the bare metal cloud market has been drawn and analyzed in such a way that the lucrative side of the market is evident to readers. The competitive landscape presented in the bare metal cloud market report gives a detailed outlook of the profiles of key companies operating in the market, along with their differential strategies and key focus areas.
Bare Metal Cloud Market: Segmentation
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.
Bare Metal Cloud Market: Key Questions Answered in the Report
The research study on the bare metal cloud market offers inclusive insights about the growth of the market in the most comprehensible manner for the better understanding of users. Various insights offered in the report answer some salient questions that assist stakeholders in gauging all the emerging possibilities in the market.
Bare Metal Cloud Market: Research Methodology
A unique and promising research methodology forms the base of the bare metal cloud market report. The report has been prepared after a comprehensive analysis of market happenings, and riveting insights have been compiled meticulously. The research methodology of the bare metal cloud market has been a two-step process, which comprises primary and secondary research. Key stakeholders, which include bare metal cloud solution & service providers and network service providers, experts of several designations, including executive vice presidents, directors, service engineers, technical advisors, GM marketing professionals, and sales professionals, have been interviewed.
Secondary sources referred to garner report findings include investor presentations of top players, World Bank, government websites, press releases, and many other credible sources.