Businesses can avoid making significant upfront investments in building their own data centers by using available pay-per-use services. The tenants can control the hypervisor and the operating system (OS) installed directly on the hardware because bare metal cloud services are delivered without hypervisors. Multinational corporations that value performance, consistency, compliance, and security are quickly adopting the bare metal cloud. The global bare metal cloud market will also grow as more businesses demand that big data and the Internet of Things (IoT) be integrated into their operations. As a result, these growth determinants are anticipated to produce sizable amounts of revenue over the forecast period.
According to Data Bridge Market Research, the Global Bare Metal Cloud Market was valued at USD 5.54 billion in 2021 and is expected to reach USD 29.00 billion by 2029, registering a CAGR of 23.00% during the forecast period of 2022-2029.
" Growing adoption of bare metal cloud accelerates market development"
It is anticipated that many small and medium-sized businesses will purchase bare metal cloud services. The services help the company lower costs and improve operational efficiency. As a result, corporate entities have an increased need for bare metal cloud services. The growing need for IT infrastructure that is scalable, efficient, adaptable, and simple to use, along with the rapidly increasing data traffic and low CAPEX and OPEX costs, are some of the major factors propelling the growth of the bare metal cloud market. Additionally, the servers use a transparent infrastructure that minimizes manual labor and errors, significantly accelerating market growth over the forecast period.
What restraints the growth of the Global Bare Metal Cloud Market?
" Lightweight hypervisors are becoming more popular, which will slow the market's expansion"
Virtual cloud computing companies are making significant investments in developing substitutes, such as lightweight hypervisors, to make them more monolithic, lightweight, portable, and flexible. Since they provide high-performance and low-memory footprint virtualization solutions for various CPU architectures, these hypervisors are considered a less expensive alternative to bare metal cloud infrastructure. The main factors influencing the popularity of lightweight hypervisors are the ease of setting up virtual machines (VMs) and the ability to back up and recover from large disaster datasets quickly. As they provide end users with greater flexibility in non-locking resources and a complete cloud virtualization architecture without the additional burden, the lightweight hypervisors are being investigated, which will further limit the market expansion.
Segmentation: Global Bare Metal Cloud Market
The bare metal cloud market is segmented on the basis of component, application, organization size, and end user.
- On the basis of Component, the bare metal cloud market is segmented into Server, Services.
- On the basis of Application, the bare metal cloud market is segmented into Adtech/Fintech Application, Real Time Analytics, Gaming Applications, High Performance Computing (HPC) Application, and Others.
- On the basis of Organization Size, the bare metal cloud market is segmented into SMEs (Small and Medium-Sized Enterprises), Large Enterprises.
- On the basis of End User, the bare metal cloud market is segmented into BFSI, Healthcare, Government, IT and Telecom, Retail, Manufacturing, Media and Entertainment, and Others.
Regional Insights: North America is expected to dominate the Global Bare Metal Cloud Market
North America dominates the market and will continue to flourish its trend of dominance during the forecast period. The major factors attributable to the region’s dominance are the more data centers are being set up within the region. Furthermore, it is predicted that the expansion will speed up over the forecast period due to the high level of technological development, which requires additional storage spaces for their data.
Asia-Pacific will undergo the highest growth rate during the forecast period due to the region's consistent growth in the number of manufacturers offering dedicated servers. Additionally, countries in this region such as China, Japan, Australia, Singapore, India, and Indonesia are setting the pace for the adoption of this technology.
To know more about the study, visit, https://www.databridgemarketresearch.com/reports/global-bare-metal-cloud-market
Recent Developments in Global Bare Metal Cloud Market
- In 2020, Top bare metal automation platform Packet was purchased by Equinix, which offers data centers and international connections. By utilizing Packet's cutting-edge and developer-focused bare metal service offering, the acquisition enables Equinix to accelerate the development of its internal bare metal solutions. As a result, clients will gain from robust ecosystems, a global presence, and an interconnection platform.
- In 2020, New bare metal and virtual instances powered by AMD's Epyc "Rome" second-generation processors were made available by Oracle Cloud. These are intended for use in HPC and large data analytics applications. The bare metal E3 standard computing scenario supports 128 CPUs and a standard network bandwidth of 100 Gbps.
- In 2020, AMD's second-generation server CPUs were added to IBM Cloud's selection. The 96-core EPYC 7642 processors from AMD have a top clock speed of 3.3 GHz and can support up to four terabytes of memory per socket. Particularly for workloads involving virtualization, AI, electrical design automation, and data analytics, the processors will power IBM Cloud's most recent bare-metal services. The servers can be rented from IBM data centers in North America, Europe, and the Asia-Pacific region on a monthly "pay-as-you-use" basis.
The Prominent Key Players Operating in the Global Bare Metal Cloud Market Include:
- IBM (U.S.)
- Oracle (U.S.)
- Lumen Technologies (U.S.)
- Internap Holding LLC (U.S.)
- RACKSPACE TECHNOLOGY (U.S.)
- Amazon Web Services, Inc. (U.S.)
- Dell Inc., (U.S.)
- Equinix Inc., (U.S.)
- Google Inc., (U.S.)
- Microsoft (U.S.)
- Alibaba Cloud (China)
- Scaleway SAS (France)
- Joyent (U.S.)
- Hewlett Packard Enterprise Development LP (U.S.)
- OVH SAS (France)
- Limestone Networks, Inc. (U.S.)
- Media Temple (U.S.)
- Bigstep (U.K.)
- Zenlayer Inc., (U.S.)
- phoenixNAP (U.S.)
Above are the key players covered in the report, to know about more and exhaustive list of Global Bare Metal Cloud Market companies contact, https://www.databridgemarketresearch.com/contact
Research Methodology: Global Bare Metal Cloud Market
Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. In addition, market share analysis and key trend analysis are the major success factors in the market report. The key research methodology used by dbmr research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include vendor positioning grid, market time line analysis, market overview and guide, company positioning grid, company market share analysis, standards of measurement, global vs regional and vendor share analysis. Please request analyst call in case of further inquiry.
