Bare Metal Cloud Market Outlook Makes Significant Progress as AI Gains Traction
Market Research Future (MRFR) expects the global Bare Metal Cloud Market Outlook 2020 to touch a valuation of USD 7.73 billion by 2023. The market value in 2017 was USD 1.52 billion and it can expand at a rate of 31.12% over the forecast period (2018-2023), estimates MRFR.
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The top contenders in the Bare Metal Cloud Market Outlook are continuously looking for opportunities that can help them achieve major success. These vendors are constantly adopting strategic activities such as partnerships and mergers and acquisitions that can help them acquire a higher number of consumers in the market.
Some of the players profiled in the report are IBM Corporation (U.S.), Rackspace Hosting, Inc. (U.S.), Internap Corporation (U.S.), Oracle Corporation (U.S.), CenturyLink, Inc. (U.S.), and others.
Other leading innovators in the market are Dell Technologies, Inc., Bigstep, Strom, and Spotinst, Joyent, Inc., Scaleway Inc., to mention a few.
Main Drivers and Top Barriers
In March 2020, DriveScale Inc., a renowned manufacturer of elastic bare-metal cloud infrastructure started supporting OpenStack, which is a cloud computing platform for public as well as private clouds. With this move, DriveScale is now able to offer scale-out, programmable storage to the use of conventional bare-metal clouds.
The mounting demand for flexible and advanced cloud services can be one of the top factors inducing the growth of the Bare Metal Cloud Market Outlook. Bare metal cloud service is ideal for use in companies that are required to follow stringent regulations, which means that they need to perform short-term, data-intensive functions quickly and efficiently.
Increasing workloads and the surging focus on customizing the cloud resources can also lead to a robust market growth in the approaching years. Apart from this, increasing compliance challenges, combined with the chances of breaking compliance rules in the multitenant cloud environment can also boost the demand for bare metal cloud in the following years, mostly across the security-sensitive organizations.
Bare Metal Cloud Platform Market Trends
The surge in artificial intelligence (AI) has driven the deployment of bare metal servers across a multitude of markets, as AI offers benefits like rapid processing speed and significant I/O power.
Furthermore, the increasing necessity of non-locking compute as well as storage resources can also be a significant trend that can benefit the Bare Metal Cloud Market Outlook during the evaluation period.
Bare Metal Cloud Market Outlook has been thoroughly evaluated by MRFR experts, taking into account the main segments of service type, organization type, and vertical.
The service types in the market are volume and object storage services, networking services, identity, access management services, computing services, database services, and others.
Considering the organization type segment, the market caters to small and medium enterprises (SMEs) and large enterprises.
Vertical-wise segments discussed in the report are IT and telecommunication, government, manufacturing, healthcare, retail, BFSI, and others.
The regional segmentation of the Bare Metal Cloud Market Outlook comprises Europe, North America along with Asia Pacific (APAC), apart from the rest of the world (RoW).
North America can be the most lucrative market for bare metal cloud between 2018 and 2023. The region is home to several developed countries that make sizeable investments in modern technologies such as Internet of Things (IoT), social media, DevOps, mobility and big data. Further, public sector has come with several cloud initiatives such as CloudFirst and trusted cloud that also foster market growth in the region. Intense growth of the start-up culture coupled with the surge in the number of cloud computing initiatives, especially in the United States (U.S.) as well as Canada, are expected to encourage the market growth in the approaching years.
Europe is the second-most profitable market for bare metal cloud, thanks to the presence of numerous developed economies that invest significantly in research and development (R&D) activities. The outcome of these activities are in the form of highly advanced technologies such as Internet of Things (IoT), big data, social media, DevOps and mobility. Additionally, increase in prominent cloud initiatives such as Spain (Public Sector Cloud Initiatives), U.K. (CloudFirst) and Germany (Trusted Cloud), can also help the regional market advance rapidly in the coming years.
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APAC, with high growth prospects, can soon achieve the fastest growth rate, owing to the prevalence of cloud initiatives in nations such as Singapore (G-Cloud), China and Australia. China is the second-biggest country in the world and is a prominent game-changer in a number of worldwide markets. As a result, the country can attain the leading position in the Bare Metal Cloud Market Outlook in APAC during the assessment timeframe.
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