Bare Metal Cloud Market to Generate Profitable Avenues for Existing Companies as Well as New Players-Persistence Market Research

With increasing usage of network-enabled mobile devices, the demand for hosting infrastructure services has also increased. Moreover, the ever-increasing performance and scalability offered by bare metal cloud servers and services in opposing conditions such as magnified and flexible generation of network traffic is one of the lucrative opportunities that bare metal cloud providers can benefit from. Growth opportunities in the bare metal cloud market are directly related to deployment of solutions that possess the ability to keep up with security-related challenges, while keeping these solutions in line with the standards and regulations legislated globally and regionally. Industry verticals such as banking and financial, retail and wholesale, IT and ITES, and manufacturing, among others, are adopting such bare metal cloud services for data management and deployment.

The global bare metal cloud market was valued at approximately US$ 870 Mn in 2018, and is expected to expand at a healthy CAGR of over 20% during the forecast period of 20192029. However, end users are facing difficulties related to security while migrating toward cloud storage, which, in turn, might restrict the adoption of bare metal cloud solutions and services to some extent.

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Key Pointers of Bare Metal Cloud Market Study

  • Bare metal cloud servers is the key component segment in the global market. This segment is projected to record the highest incremental opportunity in the global bare metal cloud market.
  • Large enterprises are estimated to be the most lucrative throughout the forecast period in the global bare metal cloud market.
  • Accelerated adoption of bare metal cloud solutions and services in telecommunication and healthcare industries is estimated to enable the bare metal cloud market in Southeast Asia and Pacific region to record the highest CAGR during the forecast period.
  • The bare metal cloud market in the Middle East and Africa is estimated to record the second-highest CAGR, owing to accelerated investments made by end users operating in media & entertainment and healthcare industries.
  • Geographic expansion and collaboration with other cloud service providers are the key strategies followed by players in this market in order to increase their sales growth.

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Impact of Covid-19 on Appliances Used in Bare Metal Cloud

The current pandemic situation created due to Covid-19 has impacted the usage of cloud-based applications, as more and more organizations are using cloud-based tools. Companies are adding capabilities to support data analytics, electronic design automation, artificial intelligence, and other compute-intensive workloads.

As bare metal servers could decrease the problem of more users utilizing limited resources and increase organizations’ production capabilities, as they host only a single-tenant. Companies pairing their hosting services with bare metal servers will enable them to maintain their business agility and keep operations up with less downtime.

Organizations have started creating back-up plans and are moving office spaces to the cloud. Bare metal servers provide solutions to help organizations manage the workload and provide the required agility.

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