PUBLISHER: The Business Research Company | PRODUCT CODE: 1392508
PUBLISHER: The Business Research Company | PRODUCT CODE: 1392508
“Bare Metal Cloud Global Market Report 2024 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on bare metal cloud market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for bare metal cloud? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The bare metal cloud market global report ” from The Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
Bare metal cloud refers to a public cloud service where the client leases specialized hardware resources from a distance, without any installed operating systems or virtualization infrastructure. The bare metal cloud is used to rent dedicated ha+A145rdware resources from a remote service provider.
The main bare metal cloud component types include hardware, software and services. Bare metal cloud hardware refers to physical equipment such as network devices, storage devices and others. The bare metal cloud organization sizes include large enterprises and SMEs. The bare metal cloud user verticals include banking, financial, services, and insurance (BFSI), retail and consumer goods, IT and ITeS, telecommunications, healthcare and life sciences, manufacturing, media and entertainment and government.
The Bare metal cloud market research report is one of a series of new reports from The Business Research Company that provides Bare metal cloud market statistics, including Bare metal cloud industry global market size, regional shares, competitors with a Bare metal cloud market share, detailed Bare metal cloud market segments, market trends and opportunities, and any further data you may need to thrive in the Bare metal cloud industry. This Bare metal cloud market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The bare metal cloud market size has grown exponentially in recent years. It will grow from $8. 46 billion in 2023 to $10. 35 billion in 2024 at a compound annual growth rate (CAGR) of 22. 4%. The growth in the historic period can be attributed to demand for high-performance computing, need for isolation and dedicated resources, growth in data-intensive applications, adoption of bare metal cloud for big data analytics, increased security and compliance requirements.
The bare metal cloud market size is expected to see exponential growth in the next few years. It will grow to $24. 8 billion in 2028 at a compound annual growth rate (CAGR) of 24. 4%. The growth in the forecast period can be attributed to growth in hybrid cloud deployments, increased adoption by small and medium enterprises (smes), emphasis on bare metal cloud for artificial intelligence (AI) workloads, expansion of bare metal cloud for high-performance gaming, integration of bare metal cloud with edge computing. Major trends in the forecast period include bare metal cloud for containerized workloads, customizable bare metal instances and configurations, adoption of bare metal cloud in 5g networks, focus on sustainable and green bare metal cloud solutions, integration of bare metal cloud with network function virtualization (nfv).
The increasing adoption of cloud services is expected to propel the growth of the bare metal cloud market going forward. Cloud services refer to the set of services provided by the third-party organization on demand of client companies or customers via the internet to conduct smooth business operations. Bare metal cloud allows organizations to access to a dedicated server, without virtualization. For instance, in 2021, according to a US-based learning company's O'Reilly Media, Inc survey, approximately 90% of organizations are using cloud computing in the year 2021 as compared to 88% last year. Also, nearly 37% respondents said that they plan to be cloud native within three or more years. Therefore, the increasing adoption of cloud services and enterprise mobility services is driving the bare metal cloud market growth.
The rise in the number of small and medium-sized enterprises (SMEs) is expected to propel the growth of the bare metal cloud market going forward. Small and medium-sized enterprises refer to businesses that fall within a certain size range in terms of their annual revenue, number of employees, or other criteria. SMEs need cost-effective, scalable, and high-performance digital solutions. Bare metal cloud services provide the required flexibility, performance, and security, making them a preferred choice for SMEs to support their applications and workloads. For instance, in 2022, according to the SBA (Small Business Administration) 2022 report, a U. S. -based government agency, US small companies created 8. 7 million new jobs in March 2021. A total of 9. 1 million new jobs were produced by small enterprises in the US the year before, which is 400,000 fewer than in 2022. Therefore, the rise in the number of small and medium-sized enterprises supported the growth of the bare metal cloud market.
Technological advancements is a key trend gaining popularity in the bare metal cloud market. Major companies in the bare metal cloud market are focusing on advancing their new technologies to offer different automated platforms for control over edge deployments and accelerated private cloud deployments. For instance, in June 2023, Firmus, an Australian-based immersion cooling specialist, and ST Telemedia Global Data Centres (STT GDC), a Singapore-based data center service provider, joined forces and jointly launched the Sustainable Metal Cloud (SMC) in the Asia Pacific region. This technological innovation introduces a bare-metal cloud service tailored for high-performance AI clusters, utilizing Nvidia A100 and H100 GPUs. What sets SMC apart is its utilization of immersion cooling technology, with Firmus' immersion tanks housed in 1MW shipping containers, known as 'Hypercubes,' strategically placed within STT GDC data centers across Singapore, India, and Australia. The aim is to provide sustainable and highly efficient solutions for AI and visual computing.
Major companies operating in the bare metal cloud market are developing innovative products, such as Bare Metal Cloud (BMC) Edge. It is a specialized cloud computing service that combines the advantages of both bare metal servers and edge computing. For instance, in April 2022, PhoenixNAP, a US-based IT services provider offering security-focused cloud infrastructure, dedicated servers, colocation, and specialized infrastructure-as-a-service (IaaS) technology solutions, announced the launch of its Bare Metal Cloud (BMC) Edge location in Austin, Texas. Deployed at an American Tower Edge Data Center, this location provides low-latency access to Bare Metal Cloud out of the US south-west locations.
In July 2023, CloudOne Digital, a US-based innovative portfolio of cloud-based solutions focused on the needs of online businesses, acquired Servers. com for an undisclosed amount. Through this acquisition, Servers. com aligns perfectly with a broader strategy for enhancing multi-cloud capabilities, which is being planned as part of CloudOne Digital's strategic vision. Servers. com is a US-based provider of bare metal cloud services.
Major companies operating in the in the bare metal cloud market report are International Business Machines Corp, Oracle Corporation., Internap Holding LLC., Rackspace Technology Inc., Amazon Web Services Inc., Ionos SE., Alibaba Cloud, Lumen Technologies Inc., DigitalOcean Holdings Inc., Equinix Inc., Google Cloud Platform, Hetzner Online GmbH, Hostinger International Ltd., Hostwinds LLC, InMotion Hosting Inc., Kamatera Inc., Linode LLC., CloudOne Digital LLC., OVH Groupe SA., PhoenixNAP LLC, SingleHop LLC., UpCloud Ltd., Vultr LLC., ZNet Technologies Pvt. Ltd., Zoho Corporation Pvt. Ltd.
North America was the largest region in the bare metal cloud market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the bare metal cloud market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The countries covered in the bare metal cloud market report are: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Canada, Spain.
The bare metal cloud market includes revenues earned by entities by providing bare metal servers, bare metal storage, bare metal networking, integration, consulting and training and maintenance. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified)).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.