Report : Bare Metal Cloud Market to 2025 – Global Analysis and Forecasts by Service Type (Professional Service, Storage & Database Services, Compute Services, Networking Services and Others); by Enterprise Size (Small & Medium Enterprise and Large Enterprise) and by Application (BFSI, Manufacturing, Government, Retail, Healthcare, IT & Telecommunication and Others); and Geography
According to the new research report published by The Insight Partners, titled “Bare Metal Cloud Market– Global Analysis and Forecast to 2025”, the global bare metal cloud market is expected to reach US$ 12,287.1 Mn in 2025, registering a CAGR of 31.8% during the forecast period 2017-2025.
Enterprises over the years have been automating their business processes that were traditionally conducted either programmatically or manually. Now, that the traditional business process outsourcing is leading towards the cloud revolution, it is making the approach of the enterprises towards business transformation much easier, in a holistic way. This is further enabling the organizations to embrace their process optimization and better define and enhance business outcomes. Several organizations these days look to the cloud as a way to improve velocity and flexibility, besides this their focus is also towards cost cutting of their infrastructure support and maintenance, the bare-metal cloud is one such dedicated cloud fulfilling all these technological advancements.
Bare Metal Cloud market operates in a lately introduced highly-competitive marketplace. As leading companies in this market continue to broaden its addressable market, by expanding its current product portfolio, diversifying its client base, and developing new applications area, all the prominent players face an increasing level of competition, both from start-ups as well the leading global IaaS providers. Technology is witnessing a high growth owing to its increasing applications in several prominent end-user industries such as BFSI, IT & telecommunication, government and others.
The global market for bare metal cloud has been segmented on the basis of by service type (professional service, storage & database services, compute services, networking services and others); by enterprise size (small & medium enterprise and large enterprise) and by application (BFSI, manufacturing, government, retail, healthcare, IT & telecommunication and others) and geography (North America, Europe, Asia Pacific, Middle East and Africa and South America).
Key findings of the study:
North America is anticipated to account for the largest bare metal cloud market share and would register a CAGR of 30.8% in the forecast period. North American market is the leader in the bare metal cloud market with two-third market share in the US.
In 2018, North America, Europe, and Asia Pacific together held more than 90% of the global bare metal cloud market.
North America in terms of technology service providers, financial industries and government agencies is considered to be one of the best represented region. The rapid pace of technological development and supporting government regulations made North America the most promising market for bare metal cloud market.
BFSI end-user segment is expected to lead the market in 2025 with a market share of 26.9%. Increasing adoption of cloud services, rising data traffic and demand for cloud equipment is primarily driving the market for bare metal cloud in multiple application segments.
Companies are making significant investments in time and resources in building bare metal cloud. Setting of bare metal cloud will significantly reduce enterprise dependence on public cloud services thereby avoiding the security and compliance risk associated with the later.
The key companies profiled in this report include Oracle Corporation, IBM Corporation, Dell Inc., Rackspace Hosting Inc., CenturyLink, Inc., Internap Corporation, Packet Host Inc., Joyent Corporation, Scaleway Incorp., and Spotinst Ltd.