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Bare Metal Cloud Market size was valued at USD 8.47 billion in 2023 and is expected to reach USD 88.68 billion by 2036, expanding at around 19.8% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of bare metal cloud is assessed at USD 9.81 billion.
Growing demand for high performance, high speed, flexible cloud services and easy access for consumers to store and perform operations related to data, along with the growing internet penetration worldwide are some of the significant factors anticipated to promote the growth of the global bare metal cloud market.
Growth Drivers
Increasing Demand for High Performance and Consistent Cloud Services to Boost the Market Growth
There has been growing requirement for reliable load balancing of data-intensive, non-locking compute and storage resources to improve the distribution of workloads and ensure higher data security. Further, the market growth is attributed to increasing requirement of cloud resource-based customization owing to its capabilities such as high speed and easy access to consumers. These factors are anticipated to significantly expand the global bare metal cloud market.
Rising Enhancements in Cloud Technologies and Price Flexibility to Drive the Market Growth
The increasing development in technologies with the help of artificial intelligence (AI) and big data, and the ability to provide on-demand access to servers makes the bare metal cloud easy to manage by consumers. Further, the flexibility in cost factors such as lower data transfer costs and reduced software licensing fees are expected to fuel the market growth. On the back of these, the global bare metal cloud market is predicted to grow over the forecast period.
Challenges
Lack of Awareness and Strict Cloud Regulations to Hamper the Market Growth
Despite the advancement in cloud services, there is a limited awareness among consumers about the potential applications of bare metal cloud. Also, there is a higher capital investment from the service provider coupled with the stringent cloud regulations and risk of data loss. This is estimated to hinder the growth of the global bare metal cloud market in the future.
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Base Year |
2023 |
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Forecast Year |
2024-2036 |
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CAGR |
19.8% |
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Base Year Market Size (2023) |
USD 8.47 billion |
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Forecast Year Market Size (2036) |
USD 88.68 billion |
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Regional Scope |
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The bare metal cloud market is segmented by enterprise size into small, medium and large. Among these segments, the segment for large enterprise is anticipated to hold the leading share in the market on account of the need of large enterprises to regulate their own IT cloud infrastructures and servers. Additionally, they require effective storage service and automated datacenter to manage their continuous production of huge data volume in order to increase work efficiency.
Our in-depth analysis of the global market includes the following segments
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By Component Type |
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By Enterprise Size |
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By End User
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On the basis of regional analysis, the global bare metal cloud market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. North America industry is predicted to hold largest revenue share by 2036, on account of presence of leading players in the region. Moreover, the increasing demand for high-speed and flexible cloud computing services in this region along with the contribution from many companies in investing in research and development activities in building new technologies such as internet of things (IoT), DevOps and big data are met in this region which further promotes bare metal cloud. The market in Asia Pacific region is predicted to grow at the highest rate during the forecast period on account of various initiatives taken by government to built-up the digital economy and improve the IT efficiency in the region. The increasing innovation such as cloud computing are facilitating the work transformation from back end operations to core business functions. Additionally, the major cloud initiatives such as ‘G-Cloud’ undertaken by the Singapore government to provide software-as-a-service (SaaS) and infrastructure-as-a-service (IaaS), further raise the demand for bare metal cloud.
Author Credits: Abhishek Verma
Copyright © 2024 Research Nester. All Rights Reserved
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