The Bare Metal Cloud Service also known as the Infrastructure as a service (IaaS), is used as a hybrid cloud infrastructure segment to protect the most intensive and sensitive data. In order to fulfill the information technology infrastructure need within an enterprise, the bare metal cloud offers dedicated hardware equipped with the facility, storage, and data center networking.
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The Global Bare Metal Cloud Service Market is growing at a higher pace, which registered the market size and revenue of $XX million in 2020 and is projected to reach $25,348.91 million by 2027. The market is expected to grow with the CAGR of 22.1% during the forecast period 2024-2031. The factors driving the market size include- increasing investment in innovative emerging technologies such as social media, big data analytics, LoT and Mobility to reduce latency in operation with the rapidly increasing requirement for dedicated servers and hyper-convergence technology, are expected to drive the growth of the Global Bare Metal Cloud Service Market in an estimated period.
Often, the growing numbers of data centers, surge in cloud computing, cost-effectiveness and the increasing demand for cloud based services in IT and Telecom industries, which are some additional market drivers that are projected to raise the market growth with the significant rate. In IT and Telecom sectors, the demand for cloud based services are raising gradually, as these industries acquire cloud based services over the old servers for efficient and high performance. Again, the cost effectiveness and economic factor drives the market as the bare metal cloud services are considered as 32% less expensive over other servers.
Along with this, the global market growth of Bare Metal Cloud Service is estimated to grow, based on the segmental analysis, as such the market is segmented into by component segment, by application segment, by organization size, and by end-user segment based on their growth rate. Based on the component segment, the market is further fractionalized as Hardware, server and services. The server segment dominates the global market by making use of storage facilities and computer networks. Based on the organization segment, the market is dominated by small and medium-sized enterprises, as it offers efficient flexibility in billing and can be incorporated for a shorter period as well. So, these SMEs are projected to increase the market growth of the Bare Metal Cloud Service market globally.
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Market Coverage
- Segment Covered-
o By Component
o By Service Type
o By Organization Size
o By Vertical
- Competitive Landscape- Oracle, Internap, Equinix, Dell, IBM, Google, Alibaba Cloud, Joyent and OVHcloud, among others.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominates the market in base year?
- Which segment and region will project fastest growth in the market?
- How COVID-19 impacted the market?
o Recovery Timeline
o Deviation from pre-COVID forecast
o Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Bare Metal Cloud Service Market Segment
By Component
- Hardware
- Servers
- Services
By Service Type
- Computer Services
- Networking Services
- Database Services
- Security Services
- Storage Services
- Professional Services
- Manage Services
By Organization size
- Small and Medium-sized Enterprises
- Large Enterprises
By Verticals
- Banking, Financial, Services and Insurance (BFSI)
- Retail and Consumer Goods
- IT and ITeS
- Telecommunications
- Healthcare and Life Sciences
- Manufacturing
- Media and Entertainment
- Government
- Others
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