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Overview:Bare metal cloud is an alternative public cloud service that uses hardware and not the virtualization setup for basic functioning. Its benefits are storage capacity, conduct data-intensive computing operations, and efficiency in handling delivery of latency sensitive high-performance workloads across platforms. Such benefits can trigger a growth by 31.12% CAGR for the bare metal cloud market during the forecast period (2018-2023) and it can achieve USD 7.73 billion. Market Research Future’s (MRFR’s) latest report reveals factors that could definitely change the bare metal cloud market dynamics.
The service depends on Metal-as-a-Service (MaaS) model where it works for a single tenant. Its flexibility, efficiency, and chance for on-demand billing of application in cloud service are features providing enough scope for market expansion. On the other hand, stringent cloud regulations and premium price models are expected to deter the expected bare metal cloud market growth.
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Segmentation:
The global bare metal cloud market, as directed in MRFR report, is segmented by service type, organization type, and vertical. This segmentation offers a better glimpse of the market using which trends can be analyzed and factors can be assessed in a better way.
Based on the service type, the bare metal cloud market comprises database services, identity & access management services, computing services, volume & object storage services, networking services, and others. The database services segment is expected to gain traction due to the growing inclusion of the service in corporate sectors to enable smooth workflow.
Based on the organization type, the bare metal cloud market includes small and medium enterprises and large enterprises. The large enterprises segment has the maximum revenue-generation credit. The SMEs segment can pick up the speed in the near future.
Based on the vertical, the bare metal cloud market comprises BFSI, government, healthcare, IT and telecommunication, manufacturing, retail, and others. The BFSI segment has substantial market domination. The government segment is also expecting substantial growth in the coming years with rapid digitalization across the world.
Competitive Landscape:
Several companies have taken initiatives to improve the global Bare Metal Cloud Market scenario. Their steps often include merger, acquisition, collaboration, product launch, and other tactical moves. The market is well-conceived with the presence of several top-notch companies gracing the sector. It also makes the market quite competitive. MRFR profiled these companies and included their latest moves for a strategic consideration and understanding of recent trends. These companies are Oracle Corporation (U.S.), IBM Corporation (U.S.), Internap Corporation (U.S.), CenturyLink, Inc. (U.S.), and Rackspace Hosting, Inc. (U.S.).
In June 2019, Oracle initiated steps that would ensure IaaS market percolation for its cloud service. The service includes bare metal states and this increases the market expansion probability of the bare metal cloud market.
Regional Analysis:
The geographical analysis of bare metal cloud market, as directed by MRFR, includes North America, Europe, Asia-Pacific (APAC), and the Rest of the World (RoW). Such an extensive region-specific analysis is expected to reveal growth pockets that can be of great benefit for the global players.
North America is expected to dominate the global market. The high integration of technologies that rely mostly on cloud technology for implementation is expected to take the market forward. On the other hand, high investment capacity, robust infrastructure can play crucial role in taking the global market forward. The US and Canada are expected to lead the regional market.
Europe is expected to hold the second spot as the regional demand for sustainable workloads in well-established economies are gaining traction. Countries are investing heavily in new technologies to improve their market positioning. These technologies include Internet of Things (IoT), big data, DevOps, mobility, and social media. Germany, France, and the UK are expected to helm the regional market.
The APAC market is benefitting remarkably from performances of Australia, China and Singapore (G-Cloud). The region has the probability of clocking the maximum CAGR during the forecast period.
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TABLE OF CONTENTS
1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.1 Research Objectives
2.2.2 Assumptions & Limitations
2.3 Markets Structure
3 Market Research Methodology
3.1 Research Process
3.2 Secondary Research
3.3 Primary Research
3.4 Forecast Model
4 Market Landscape
Continued……
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