The bare metal cloud market size is projected to reach US$ 27,180.47 million by 2030 from US$ 6,690.24 million in 2022. The market is expected to register a CAGR of 19.2% during 2022–2030. The increasing requirement of low CAPEX and OPEX for bare metal cloud infrastructure and rising demand for scalable, flexible, efficient, and easy IT infrastructure are likely to remain the key trends and drivers in the market.
The bare metal cloud market is experiencing significant growth globally. This growth is attributed to the increasing requirement of low CAPEX and OPEX for bare metal cloud infrastructure and rising demand for scalable, flexible, efficient, and easy IT infrastructure. Moreover, rapidly increasing data traffic, rising adoption of cloud, adoption of big data and IoT by various enterprise-size verticals, and rising demand for colocation services are anticipated to drive the bare metal cloud market in the coming years.
The bare metal cloud market is a service where vendors rent dedicated physical hardware resources to customers through the public cloud. Customers have full control over one or more physical servers in the cloud hosting environment. With a bare metal cloud service, an individual gets the control and predictability of devoted physical hardware with the scalability and performance of a cloud computing platform.
Rising usage of connected devices, easy access to the internet, and decreasing cost of internet services boost the need for data storage. Additionally, the growing adoption of big data analytics and cloud-based services, apps, videos, including online content, and social media, fuels the requirement for cloud infrastructure. According to Telefonaktiebolaget LM Ericsson’s data on ‘Mobile data traffic outlook,’ the total global mobile data traffic, without fixed wireless access (FWA), reached around 93 Exabyte (EB) per month at the end of 2022 and is expected to reach 392 EB per month by the end of 2028.
Enterprises are looking for service providers that can evolve with their changing demands without requiring them to make significant changes in the contract, IT environment, data center systems, and building systems. Enterprises require large amounts to invest in architecture, server management, upfront capital expenditure, energy cost, operations, IT staffing, hardware, and more to build cloud infrastructure. SMEs and large enterprises intend to save a lot of cost by renting a service to store their critical information rather than building their infrastructure. Renting cloud and storage solutions helps enterprises avail services, data space, power, bandwidth, internet solutions, hardware services, and more, which benefits them and gives more return on investment (ROI) than personal cloud infrastructure.
Key segments that contributed to the derivation of the bare metal cloud market analysis are service type, enterprise size, and application.
The geographic scope of the bare metal cloud market report is mainly divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South & Central America.
North America has dominated the bare metal cloud market. North America holds the largest share of the global bare metal cloud market. High performance of the applications sensitive to performance, security, consistent disk and network I/O performance, and high Quality of Service (QoS) are among the main reasons driving the verticals to adopt bare metal cloud services. The adoption of bare metal cloud service for commercial and government use is expected to grow during the forecast period. North America comprises the US, Canada, and Mexico.
Moreover, a strong emphasis on research and development in the developed economies of the US and Canada is forcing the North American players to bring technologically advanced solutions into the market. In addition, the US has a large number of bare metal cloud market players who have been increasingly focusing on developing innovative solutions. All these factors contribute to the region's growth of the bare metal cloud market.
The regional trends and factors influencing the Bare Metal Cloud Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses Bare Metal Cloud Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.
Report Attribute | Details |
---|---|
Market size in 2022 | US$ 6,690.24 Million |
Market Size by 2030 | US$ 27,180.47 Million |
Global CAGR (2022 - 2030) | 19.2% |
Historical Data | 2020-2021 |
Forecast period | 2023-2030 |
Segments Covered |
By Service Type
|
Regions and Countries Covered | North America
|
Market leaders and key company profiles |
The Bare Metal Cloud Market market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.
Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.
Major Companies operating in the Bare Metal Cloud Market are:
Disclaimer: The companies listed above are not ranked in any particular order.
The bare metal cloud market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the bare metal cloud market are listed below:
The “Bare Metal Cloud Market Size and Forecast (2020–2030)” report provides a detailed analysis of the market covering below areas:
The global bare metal cloud market is expected to reach US$ 27,180.47 million by 2030.
The expected CAGR of the bare metal cloud market is 19.2%.
North America is anticipated to dominate the bare metal cloud market in 2022.
The increasing requirement of low CAPEX and OPEX for bare metal cloud infrastructure and rising demand for scalable, flexible, efficient, and easy IT infrastructure are some of the factors driving the bare metal cloud market.
The rising demand for colocation services is anticipated to drive the market in the forecast period.
The key players holding majority shares in the global bare metal cloud market are Amazon.com Inc, Microsoft Corporation, Alphabet Inc, IBM Corporation, Oracle Corporation, Rackspace Service Type Inc, Lumen Technologies Inc, Internap Holding LLC, Equinix Inc, and Limestone Networks Inc.