07 May 2021
Visiongain has published a new report on Bare Metal Cloud Market Report to 2031: Forecasts by deployment (Hosted, On-Premise), by organization size (Small & Medium-sized Enterprises, Large Enterprises), by industry vertical (IT & Telecommunication, Healthcare, BFSI, Government, Retail, Others). PLUS Profiles of Leading Bare Metal Cloud Companies and Regional and Leading National Market Analysis. PLUS COVID-19 Recovery Scenarios.
Bare metal cloud market was valued at US$ xx billion in 2020 and is projected to reach at a market value of US$ xx billion by 2031. Bare metal cloud is a public cloud service which executes instructions directly on logic hardware without an intervening operating system. In addition, it offers several benefits such as easier maintenance of records, monitoring activities in commercial & residential areas, enhanced security, and supporting against terrorism & external threats at different locations. Moreover, the adoption of bare metal cloud is largely experienced in the telecom & IT end-use industry.
Due to growing number of data centers & demand for bare metal cloud services is continue to rise in the market and increased investment in technology are some of the major factors driving the market growth. On the contrary, continuous demand from enterprises across different industry verticals and growing interest towards open compute project are becoming major factors expected to create lucrative opportunities to the market in the upcoming years.
COVID-19 Impact on Bare Metal Cloud Market
During this time when the COVID-19 pandemic as crippled several industries such as manufacturing, automotive, and others. These industries are witnessing a shrink in demand for bare metal cloud, due to non-operational distribution channels, lockdown of international borders, and various other government rules to curb the spread of virus. However, the bare metal cloud is expected to grow at a fastest rate in the upcoming years.
Due to growing number of data centers & demand for bare metal cloud services is continue to rise in the market
Increasing services industry sectors, growth in colocation services, rise in cloud computing across several end use verticals are driving the market growth. As the bare metal cloud services helps in efficient management of data & business operations which is therefore, accelerating the demand for bare metal cloud market.
Increased investment in technology
With an initiation of advance benefits which are offered by bare metal cloud is further propelling the growth of investments towards this technology. Moreover, key players are investing in this technology, as it helps in the reduction of complexity and enhanced smooth business operations. These factors, as a result driving the market growth during the forecast period.
Continuous demand from enterprises across different industry verticals
Expansion of companies across several industry verticals are anticipated to boost the demand for bare metal clod technology. As the businesses are implementing advance solutions and avoiding traditional business process. Moreover, companies are training & hiring advance technicians adopting with latest technologies. These factors, as a result anticipated to create lucrative opportunities to the bare metal cloud market.
Growing interest towards open compute project
The industries are experience huge requirements for real-time data storage & tracks, automated checking, locating, and finalizing products during the manufacturing process. Moreover, growing interest of companies towards an open computing project which provides more efficient, flexible, and scalable business operations activities is expected to provide an immense growth opportunities to the key players in the market.
Some of the companies profiled in the report include Bigstep Technologies Pvt. Ltd., Century Link, Datapipe, IBM Corporation, Internap Corporation, Limestone Networks Inc., Oracle Corporation, Packet, Rackspace Inc., and Scaleway.
In April 2020, OVHcloud, which is a French cloud service provider has started offering access to its infrastructure-as-a-service (IaaS) platform for free, during the midst of COVID-19 pandemic. In addition, the company aimed at providing remote working, collaboration, and healthcare hosting services. This, as a result becoming major developing factors in the market.
In October 2020, Equinix, which is one of the leading digital infrastructure company has launched bare metal cloud service, Equinix Metal. Moreover, this new product will provide 'lift & shift' migrations of entire operating environments, including OS, hypervisor, applications & data, from on-premises data centers to the cloud.
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