Bare Metal Cloud Market Segment
The cost-efficient benefits of bare metal cloud, integration of big data & IoT by several organizations drive the growth of the global bare metal cloud market.
PORTLAND, PORTLAND, OR, UNITED STATES, November 24, 2023 /EINPresswire.com/ — According to a new report published by Allied Market Research, titled, “Bare Metal Cloud Market,” The bare metal cloud market was valued at $5.6 billion in 2021, and is estimated to reach $56.6 billion by 2031, growing at a CAGR of 26.1% from 2022 to 2031.
A bare metal server is a physical computer meticulously designed for uninterrupted, dedicated service delivery, boasting high stability, durability, and reliability. While virtualized computing instances offer flexibility and cost advantages, they come with drawbacks such as resource competition, often referred to as the “noisy neighbor problem.” Risks also arise from insufficient segregation of edge devices and virtual networks.
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To tackle these challenges, the bare-metal cloud emerges as a solution, providing users with exclusive access to segregated physical resources. Multinational organizations prioritize bare metal cloud adoption due to its efficiency, reliability, compliance, and security features. The global bare metal cloud market is expected to witness substantial growth, driven by increasing demands for integrating big data and IoT into organizational operations. This growth is forecasted to yield significant profit margins.
Moreover, the bare metal cloud offers security and resource control comparable to owning a dedicated data center, minus the additional expenses and labor associated with maintaining an on-site legacy data center. With pre-built and readily provisioned hardware, the bare metal cloud ensures a seamless and cost-effective solution for organizations.
The market for bare metal cloud is experiencing growth driven by the escalating adoption in the BFSI sector and the increased utilization of bare metal cloud services. The cost-efficient advantages associated with bare metal cloud are further contributing to market expansion. Nevertheless, the market faces limitations due to the rising interest in lightweight hypervisors and the negative aspects associated with bare metal clouds. On the contrary, the surge in investments in emerging technologies presents various opportunities for the bare metal cloud market during the forecast period.
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In terms of industry verticals, the BFSI segment dominated the market in 2021 and is expected to maintain its dominance. This is attributed to the BFSI sector’s adoption of paperless storage, virtualization, and electronic banking, leading to a demand for secure, cost-effective, and energy-efficient data storage solutions. The increasing generation of private information that requires safe processing and storage, coupled with growing concerns about the security of client information, is contributing to the expansion of the bare metal cloud market. Conversely, the IT and telecom sector is anticipated to witness the highest growth in the coming years, driven by the increasing trend of digitalization across various industries. Telecom operators, in particular, are making significant efforts to virtualize portions of their mobile networks, such as virtualized radio access network (vRAN), as part of the evolution of mobile networks, especially with the ongoing 5G rollouts.
Geographically, North America dominated the bare metal cloud market in 2021 and is projected to maintain its leading position. This is attributed to the rise in the number of IoT applications hosted on bare metal clouds, coupled with increasing investments in emerging technologies like big data and social media, as well as advancements in mobility. The rapid implementation of these technologies is creating opportunities for the growth of the bare metal cloud market in the region. On the other hand, Asia Pacific is expected to witness substantial growth during the forecast period due to increased investments in the development of cloud infrastructure, incorporating smart technologies such as AI and ML.
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Key Stakeholder Advantages:
• This report employs quantitative analysis to examine market segments, current trends, estimations, and dynamics within the bare metal cloud market from 2021 to 2031, identifying existing opportunities.
• Comprehensive information on key drivers, restraints, and opportunities is presented alongside the market research findings.
• Porter’s five forces analysis evaluates buyer and supplier influence, aiding stakeholders in making profit-centric decisions and enhancing their supplier-buyer relationships.
• Thorough examination of the bare metal cloud market forecast provides insights into prevailing market opportunities.
• Revenue contributions of major countries in each region are mapped, offering a global perspective on market dynamics.
• Market player positioning enables benchmarking and a clear understanding of the current market player landscape.
• The report includes an analysis of global and regional bare metal cloud market trends, key players, market segments, application areas, and growth strategies.”
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