Introduction to Bare Metal Cloud Services
Bare metal cloud service is a public cloud service which offers the facility to consumers in which they can rent dedicated servers or hardware resources from a remote cloud service provider. Bare metal cloud is a subtype of the infrastructure-as-a-service (IaaS) cloud services category. It has the ability to merge the working of public clouds with high-performance abilities of physical servers and allows customers to control the hypervisor or operating system installed directly on the hardware. Beside its flexibity and high performance, bare metal cloud service provides typical cloud storage advantages such as the ability to accomplish customer’s diverse requirements and deploy on-demand storage.
Market Size and Forecast
Growing demand for high performance, high speed, flexible cloud services and easy access for consumers to store and perform operations related to data, along with the growing internet penetration worldwide are some of the significant factors anticipated to promote the growth of the global bare metal cloud service market. According to the statistics by the International Telecommunications Union (ITU), individuals using the internet increased from 29.3 per 100 inhabitants in the year 2010 to 51.4 per 100 inhabitants in the year 2018.
The global bare metal cloud service market is anticipated to record a significant CAGR over the forecast period, i.e., 2020-2028. The market is segmented by enterprise size into small, medium and large. Among these segments, the segment for large enterprise is anticipated to hold the leading share in the market on account of the need of large enterprises to regulate their own IT cloud infrastructures and servers. Additionally, they require effective storage service and automated datacenter to manage their continuous production of huge data volume in order to increase work efficiency.
Increasing Demand for High Performance and Consistent Cloud Services to Boost the Market Growth
There has been growing requirement for reliable load balancing of data-intensive, non-locking compute and storage resources to improve the distribution of workloads and ensure higher data security. Further, the market growth is attributed to increasing requirement of cloud resource-based customization owing to its capabilities such as high speed and easy access to consumers. These factors are anticipated to significantly expand the global bare metal cloud service market.
Rising Enhancements in Cloud Technologies and Price Flexibility to Drive the Market Growth
The increasing development in technologies with the help of artificial intelligence (AI) and big data, and the ability to provide on-demand access to servers makes the bare metal cloud service easy to manage by consumers. Further, the flexibility in cost factors such as lower data transfer costs and reduced software licensing fees are expected to fuel the market growth. On the back of these, the global bare metal cloud service market is predicted to grow over the forecast period.
Lack of Awareness and Strict Cloud Regulations to Hamper the Market Growth
Despite the advancement in cloud services, there is a limited awareness among consumers about the potential applications of bare metal cloud service. Also, there is a higher capital investment from the service provider coupled with the stringent cloud regulations and risk of data loss. This is estimated to hinder the growth of the global bare metal cloud service market in the future.
Our in-depth analysis of the global bare metal cloud service market includes the following segments:
By Component Type
By Enterprise Size
By End User
On the basis of regional analysis, the global bare metal cloud service market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. The market for bare metal cloud service in North America is anticipated to hold the largest share in the market on account of presence of leading market players in the region which provides and market bare metal cloud services. Moreover, the increasing demand for high-speed and flexible cloud computing services in this region along with the contribution from many companies in investing in research and development activities in building new technologies such as internet of things (IoT), DevOps and big data are met in this region which further promotes bare metal cloud service. The market in Asia Pacific region is predicted to grow at the highest rate during the forecast period on account of various initiatives taken by government to built-up the digital economy and improve the IT efficiency in the region. The increasing innovation such as cloud computing are facilitating the work transformation from back end operations to core business functions. Additionally, the major cloud initiatives such as ‘G-Cloud’ undertaken by the Singapore government to provide software-as-a-service (SaaS) and infrastructure-as-a-service (IaaS), further raise the demand for bare metal cloud service
The global bare metal cloud service market is further classified on the basis of region as follows:
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