PUBLISHER: Fairfield Market Research | PRODUCT CODE: 1527931
PUBLISHER: Fairfield Market Research | PRODUCT CODE: 1527931
In the coming years, small and medium enterprises (SMEs) are expected to be the top adopters of bare metal cloud servers and services. The incorporation of these services will enable SMEs to 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, contributing significantly to the expansion of the global bare metal cloud market.
Rising Procurement of DevOps-based Hybrid, Multi-Cloud Management Solutions
End users are increasingly procuring hybrid, multi-cloud management software solutions. These solutions help deliver and manage an all-inclusive spectrum of multi-cloud, hybrid environments. By utilizing such solutions, enterprises fulfill their digital transformation requirements. The incorporation of hybrid and multi-cloud platforms helps DevOps by enabling constant data delivery and access across cloud infrastructures. Bare metal cloud management software solutions enhance operational efficiency and IT responsiveness.
Cloud Resiliency Services Gaining Traction in Bare Metal Cloud Market
Enterprises are focusing on adopting cloud resiliency orchestration services, also known as disaster recovery orchestration, to harness enhanced self-service and automation capabilities. These services offer disaster recovery reporting, monitoring, automation, and testing workflow capabilities within a bare metal cloud environment. Disaster recovery orchestration services for bare metal cloud infrastructures combine analytics and automation, delivering cost-effective and faster disaster recovery solutions. This helps enterprises avoid disruptions and maintain continuous business operations.
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 infrastructures. This approach helps manage cloud infrastructure according to business requirements and minimizes the time needed for cloud service provisioning. Bare metal cloud services also reduce complications caused by the interconnection of heterogeneous components such as storage devices and networks. These servers use simplified self-service provisioning infrastructures, further minimizing manual workloads and errors.
Security Concerns while Adopting Cloud-based Solutions
Enterprises are transitioning to cloud-based solutions to minimize IT infrastructure costs. Many enterprises are moving their data to the public cloud, which increases security risks such as lack of security control and unauthorized access to stored data. Integrating bare metal cloud services with on-premise security management applications and tools also poses challenges. These factors restrict the global adoption of bare metal cloud servers and services.
Bare Metal Cloud Market in APEJ to Present Noteworthy Opportunities
The Southeast Asia and Pacific region is projected to register the highest growth rate among all regional markets. The strong growth in this region can be attributed to novel use cases of bare metal clouds in SMEs. The expansion of the bare metal cloud market in this region presents noteworthy opportunities.
Impact of COVID-19 on Bare Metal Cloud Market
The COVID-19 pandemic has significantly impacted the global economy, leading to uncertainty in spending, including IT spending. The increasing number of infections has disrupted working environments worldwide, with social distancing measures, isolations, and a majority of employees working from home. Despite these challenges, the bare metal cloud market could witness positive outcomes owing to the pandemic. Cloud providers have the opportunity to leverage the shortcomings of server systems and demonstrate that cloud services are ideally suited for uncertain times due to their flexibility and agility.
Showing support during these challenging times, CenturyLink, a prominent North America-based player in the bare metal cloud market, waived late fees for residential and small business users. Other players are also expected to take advantage of the situation and gain traction among users.
Analysts' Viewpoint
Bare metal cloud providers should focus on servicing their core clientele while also attracting new customers. In this highly price-sensitive market, it is crucial to have a separate strategy for attracting new clients in varied regional markets. Looking to regions like APEJ for increased sales and profits could be beneficial for players in the global bare metal cloud market.
Competitive Analysis
The competitive Analysis of the bare metal cloud market includes several key players. These companies are actively involved in strategic initiatives to strengthen their market position and expand their customer base.
Bare Metal Cloud Market: Segmentation
Fairfield Market research's study on the global bare metal cloud market offers detailed market segmentation. Key segments discussed in detail include component, end user, vertical, and region.
Component
End User
Vertical
Region