Bare Metal Cloud Market Status 2021 by players, Type and Application, Forecast to 2030 | Report By Industry Research Experts

In a recent published report, Kenneth Research has updated the market report for Bare Metal Cloud Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.

U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4  billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Bare Metal Cloud Market products.

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Moreover, increase in ICT spending around the globe for hardware, software, services, new technologies and telecom among others is also anticipated to contribute to the growth of the market in the coming years. The spending on new technologies recorded around USD 0.6 million in 2018 and is further estimated to reach close to USD 1.3 million by 2023. The total ICT spending around the globe further recorded close to USD 5 million in 2019 and is further projected to touch USD 6 million by 2023.

Market synopsis

Global bare metal cloud market is expected to grow from USD 1.52 billion in 2017 to USD 7.73 billion by 2023, at a CAGR of 31.12% during the forecast period.Bare metal cloud is a public cloud service alternative that is installed directly on hardware without need for virtualization setup. It is majorly deployed to enhance the storage capacity, conduct data-intensive computing operations, and to efficiently deliver latency sensitive high-performance workloads across multiple platforms.

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A bare metal cloud server is delivered through Metal-as-a-Service (MaaS) model that is dedicated to a single tenant. In this cloud type, workloads are deployed onto servers that are pre-configured with requirements specified by the client and in accordance with performance capacity. The bare metal cloud servers provide high performance, high availability, and cost-effective infrastructure services.

Bare metal cloud is segregated into five different service types, namely, computing services, networking services, database services, Identity and Access Management (IAM) services, and volume & object storage services. Computing services are the most popular bare metal cloud service among enterprises adopting cloud ensure the proper functioning of its data center operation. Computing services include mission-critical applications, data-intensive computing operations, large Random-Access Memory (RAM) & Non-Volatile Memory express (NVMe), and Solid State Drives (SSDs).

Growing use of data intensive applications that are latency sensitive, growing demand for flexible, efficient, and on-demand billing of application in cloud service and need for greater processing power and input/output operations per second are some of the factors boosting the growth of bare metal cloud market. However, stringent cloud regulations and premium pricing model are some of the factors hindering the growth of this market.

The key players operating in the bare metal cloud market are IBM Corporation (U.S.), Oracle Corporation (U.S.), CenturyLink, Inc. (U.S.), Internap Corporation (U.S.), and Rackspace Hosting, Inc. (U.S.). These players are largely investing in organic growth startegies to diversify their product offering. In 2018, Oracle Corporation launched a new bare metal Oracle Cloud Infrastructure compute offering for enterprises running high performance latency sensitive computing workload such as artificial intelligence and engineering simulations, in cloud. This new bare metal cloud offering by oracle will provide customers access to a low latency and high bandwidth remote direct memory access network.

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Segmentation

Bare metal cloud market is segmented based on service type, organization type, vertical and region.

Based on the service type, the market is segmented into computing services, networking services, database services, identity and access management services, volume and object storage services, and others.By organization type, the market is segmented into small and medium enterprises and large enterprises.

On the basis of vertical, the market is segmented into BFSI, government, healthcare, IT and telecommunication, manufacturing, retail, and others.By region, the market is segmented into North America, Europe, Asia-Pacific and the rest of the world.

Regional analysis

The global market for bare metal cloud is estimated to grow at a significant rate during the forecast period from 2018 to 2023. The geographical analysis of bare metal cloud market is done for North America, Europe, Asia-Pacific, and the rest of the world.

North America followed by Europe is expected to dominate the bare metal cloud market from 2018 to 2023 as these regions are sustainable and well-established economies that are investing heavily in new technologies such as Internet of Things (IoT), big data, DevOps, mobility, and social media. Furthermore, public sector cloud initiatives such as CloudFirst and trusted cloud will drive the growth in these regions during the forecast period.

Asia-Pacific is estimated to grow at the highest CAGR during the forecast period owing to major cloud initiatives taken by various countries such as Australia, China and Singapore (G-Cloud)

Competitive Analysis

The bare metal cloud market has witnessed the trend of service enhancement across the world. Key players to further strenghten their market position have opted for partnerships, agreements, and collaborations as their key inorganic growth strategy. They are using this startegy to jointly develop products while also integrating their present offering to provide their customers with finest services.

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Key players

The prominent players in the bare metal cloud market are major vendors such as IBM Corporation (U.S.), Oracle Corporation (U.S.), CenturyLink, Inc. (U.S.), Internap Corporation (U.S.), and Rackspace Hosting, Inc. (U.S.). The other key innovators in the market are Dell Technologies, Inc., Scaleway Inc., Spotinst, Joyent, Inc., Bigstep, and Strom.

Intended Audience

Cloud services providers

Solution vendors

Networking and communication services providers

Original Equipment Manufacturers (OEMs)

Government Associations

Managed Service Providers (MSPs)

System integrators

Technology standards organizations, forums, alliances, and associations

Universities and research organizations

Government bodies

About Kenneth Research

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