PUBLISHER: Grand View Research | PRODUCT CODE: 1553989
PUBLISHER: Grand View Research | PRODUCT CODE: 1553989
The global bare metal cloud market size is anticipated to reach USD 36.50 billion by 2030, expanding at a CAGR of 23.9%, according to a new report by Grand View Research, Inc. Factors such as increased demand for secure storage facilities and rapid developments in the cloud industry have encouraged enterprises to switch to the bare metal cloud from conventional cloud services.
Bare metal cloud solutions are gaining momentum and witnessing a high demand from enterprises across different industry verticals. These solutions offer manifold benefits such as efficient data storage, streamlined data center operations, and faster service delivery through various solutions such as bare metal compute and storage network. Presently, the rapid uptake of the internet and networking has increased the demand for more storage space, advanced networking solutions, and high computing power in cloud services.
The hardware segment dominated the market in 2016. The increased use of computing, network, and storage facilities to virtualize data centers is driving the hardware market. Moreover, the accelerated use of internet-based technologies and electronic devices is expected to further propel the market growth.
The maintenance service segment is anticipated to witness substantial growth owing to the need for regular maintenance post-installation. The demand for these services is expected to increase over the forecast period. The increasing advancements in cloud services are encouraging providers to introduce new updates in minimal time with better quality. This is further creating an opportunity for market growth.