New York, NY, Aug. 21, 2018 (GLOBE NEWSWIRE) -- Zion Market Research has published a new report titled “Bare Metal Cloud Market by Component (Solutions and Services [Integration & Migration, Consulting & Assessment, and Maintenance Services]), by End-User (Advertising, BFSI, Government, Healthcare, Manufacturing, Telecommunication & IT, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2017-2024’’. According to the report, global bare metal cloud market was valued at around USD 1.41 billion in 2017 and is expected to reach approximately USD 14.32 billion in 2024, with a CAGR of 39.2% between 2018 and 2024.
Bare metal cloud is a platform where hardware components are available on rent as per demand by the respective customers. Bare metal cloud is made from dedicated servers that avoid the fight for resource generally seen in virtual machines. Certain benefits of bare metal cloud services are large processing power along with high input/output operations per second, service quality that promises to eliminate noise problem in multiple customer environments and resources dedicated for a single customer.
Browse through 29 Tables & 25 Figures spread over 120 Pages and in-depth TOC on “Global Bare Metal Cloud Market Size 2017: Industry Type, Share, Trends, Analysis, and Forecast, 2024”.
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Growing data along with the need for high computing speed are the major factors driving the market growth. Moreover, the emergence of fabric virtualization along with the need for storage resources and non-locking compute has triggered the market pace. In addition, bare metal cloud has promising applications for shared hardware resources to increase the availability and decrease the cost of services which is anticipated to drive the market in the forecast period. However, lightweight hypervisors can hinder the market growth in the forecast period.
The bare metal cloud market is divided on the basis of the component, end users, and region. The component segment is bifurcated into solutions and services. Services are sub-segmented into consulting & assessment, integration & migration, and maintenance services. The solution is contributing significantly to bare metal cloud market due to its large applications in different verticals such as healthcare, BFSI, government, and others. For instance, IBM is providing a bare metal cloud solution to accelerate rare disease diagnostics.
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End-user industries in the global bare metal cloud market are the advertisement, BFSI, government, healthcare, manufacturing, telecom & IT, and others. Healthcare and manufacturing are predicted to be the lucrative sector owing to better innovative solutions provided by players in the bare metal cloud market. BFSI will grow significantly in bare metal cloud market due to its large applications in high-rated transactions and big financial management. Government is another sector following BFSI in achieving significant market growth.
Geographically, the bare metal cloud market is segmented into North America, Asia Pacific, Europe, Latin America, and the Middle East & Africa. North America is dominating the bare metal cloud market due to the presence of market leaders coupled with a high development rate in the region. The region has witnessed a high opportunity for the technology in big data, DevOps, microservices, and batch processing applications. The market has been influenced by the presence of leading players such as IBM, Oracle, and others triggering the regional growth coupled with the U.S. being the major contributor. There are developments of new healthcare solutions by the application of IoT demands for dedicated server along with the high capacity of storing files as large amount of data being generated. Bare metal cloud has helped in binding data for better analysis and improved performance.
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Europe contributes significantly to the global bare metal cloud market. European government is interested in implementing IoT for healthcare and manufacturing sector to enhance their performance that will result in the rapid generation of data along with fast processing. Aforementioned factors will fuel the growth of bare metal cloud market. Initiatives taken by major players to launch cloud services in the region has given the region a tremendous potential in the bare metal cloud market. For instance, in May 2017, Oracle Corporation had announced the launch of bare metal cloud servers for Germany-based European Oracle cloud in addition with modern infrastructure as a service (IaaS) architecture and platform as a service (PaaS). The technology will help the consumers to move their critical workloads on cloud without compromising with security along with the reasonable price module.
The Asia Pacific will witness the highest growth rate in global bare metal cloud market during the forecast period. Japan being the most technically advanced country in the region holds the leading position in the regional market. Asia is anticipated to be the most lucrative market for new entrants and for existing market players to favor their global expansion.
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The Middle East & Africa is expected to grow significantly in the forecast period. The region has witnessed a tilt towards cloud service adoption that has impacted the bare metal cloud service market heavily. Bare metal cloud technology supports the digital innovation along with fulfilling the need for large storage space. Dubai is anticipated to be the lucrative market due to the high adoption rate of ICT devices.
Prominent market players have their substantial contribution to the cloud service market due to its heavy impact on the IT and other verticals. Leading market players have their major focus towards expanding their global reach to compete with other market players along with maintaining their existing dominance in the bare metal cloud market. IBM Corp., Oracle Corporation, Centurylink Incorporation, Rackspace Hosting Incorporation, Internap Corporation, Packet, Joyent Inc., BIGSTEP, Scaleway, and Liquid Web Inc., among others are some of the significant players in the bare metal cloud market. Strategic collaboration coupled with partnership agreement are the key strategies adopted by the producers to establish a prominent business footprint.
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The report segments the global bare metal cloud market as follows:
Global Bare Metal Cloud Market: Component Segment Analysis
- Solution
- Services
- Integration & Migration
- Consulting & Assessment
- Maintenance Services
Global Bare Metal Cloud Market: End-User Segment Analysis
- Advertising
- BFSI
- Government
- Healthcare
- Manufacturing
- Telecom & IT
- Others
Global Bare Metal Cloud Market: Regional Segment Analysis
- North America
- The U.S.
- Europe
- UK
- France
- Germany
- Asia Pacific
- China
- Japan
- India
- Latin America
- Brazil
- The Middle East and Africa
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