Need for Customized Hyperscale Configurations for Big Data Processing Spurring Adoption of Bare Metal Cloud Solutions: Fact.MR Report
The global Bare Metal Cloud Market is projected to reach a size of US$ 18.21 billion in 2024 and further climb to US$ 146.73 billion by the end of 2034, according to a recently updated research report published by Fact.MR.
Need for Customized Hyperscale Configurations for Big Data Processing Spurring Adoption of Bare Metal Cloud Solutions: Fact.MR Report
The global Bare Metal Cloud Market is projected to reach a size of US$ 18.21 billion in 2024 and further climb to US$ 146.73 billion by the end of 2034, according to a recently updated research report published by Fact.MR.
Bare metal cloud solutions are becoming more popular as a result of the necessity for high-performance computing (HPC) and the flexibility to optimize cloud infrastructure for various businesses. In bare metal cloud solutions, dedicated servers are provided without the hassles of virtualization, allowing the resources to be used to their excellent potential. Therefore, intensive computational workloads such as big data processing, research and development, and deep simulation that require highly customized hyperscale configurations and performance improvements are ideally suited for the bare metal cloud.
The North American region is projected to lead with a significant market share over the next ten years. Continuously increasing investments in technological advancements, strong IT infrastructure, and the presence of well-established organizations are driving market growth in the region. The market in East Asia is expected to provide lucrative opportunities for prominent players due to the growing e-commerce industry and digitalization of businesses which is boosting the need for high-performance computing solutions.
Leading Players Driving Innovation in the Bare Metal Cloud Market:
The key players in the bare metal cloud industry include Oracle; Microsoft; Google; IBM; Amazon Web Services (AWS); Dell; Lumen; Rackspace; Limestone Networks; Huawei Cloud; OVHcloud; Pure Storage; Hivelocity; Scaleway; Equinix; Zenlayer.
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Bare Metal Cloud Industry News & Trends:
The new VMware-powered private cloud product from Hivelocity, a pioneer in colocation, private cloud, and bare metal hosting solutions that Colohouse just acquired, was released in June 2024. This new service will provide fully integrated backup, restore, and disaster recovery (DR) services and capabilities using the latest versions of the VMware Cloud Foundation (VCF), Cloud Director, and NSX architectures.
According to European cloud operator Scaleway, the launch of the world's first line of RISC-V servers in March 2024 represents a "firm commitment to technological independence" in a market where businesses are increasingly competing for control over semiconductor manufacture.
Equinix launched virtual network services and bare metal as a service in January 2024 in response to India's increasing demand for XaaS.
One of the top global cloud service providers, OVHcloud US, announced the launch of its second generation of Scale Bare Metal servers in November 2023. First released in 2021, this next generation of high-performance Scale Bare Metal servers provides exceptional processing power.
The well-known company Rackspace Technologies announced in January 2022 that it would buy Just Analytics, a well-known supplier of cloud-based data, analytics, and artificial intelligence (AI).
Zenlayer announced a C+ investment from Telkom Indonesia in January 2022. The biggest telecom provider in Indonesia is Telkom. The fundraising round now totals US$62 million thanks to the C+ funding.
AWS introduced a new EC2 instance type for high-performance computing tasks in January 2022.
Key Takeaways from Bare Metal Cloud Market Study:
The global bare metal cloud market is forecasted to expand at 23.2% CAGR from 2024 to 2034. North America is expected to hold 38% of the global market share in 2024.
By organization size, SMEs are projected to account for 65% of the global market share by 2034. Revenue from bare metal cloud solutions in China is analyzed to reach US$ 17.42 billion by 2034. The East Asia market is projected to generate revenue worth US$ 36.68 billion by 2034-end.
The market in South Korea is forecasted to expand at a CAGR of 25.3% from 2024 to 2034. The United States is expected to lead the North American market with a 72% revenue share in 2024.
“Leading companies in the worldwide bare metal cloud market are focusing on diversifying their offerings by adding managed services, customized packages, hybrid cloud choices, and other services,” says Fact.MR analyst.
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Bare Metal Cloud Solutions Gaining Popularity in BFSI Sector
To meet regulatory compliance requirements and enhance security and performance, the banking, financial services, and insurance (BFSI) sector is using bare metal cloud extensively. High performance and minimal latency are guaranteed by the bare metal cloud, which offers dedicated hardware resources. These functionalities are necessary for handling high transaction volumes and real-time data analytics.
Strict legal requirements of the BFSI sector help shield sensitive financial data from breaches due to the security features of the bare metal cloud. For financial institutions seeking to enhance their IT infrastructure, the bare metal cloud presents an appealing option because of its benefits in terms of security, compliance, and performance.
More Valuable Insightson Offer
Fact.MR, in its new offering, presents an unbiased analysis of the bare metal cloud market, presenting historical demand data (2019 to 2023) and forecast statistics for 2024 to 2034.
The study divulges essential insights into the market based on application (AI & machine learning, servers, render farms, building applications, NoSQL & relational databases, custom virtual environments, big data), organization size (SMEs, MSMEs, large organizations), and end-use industry (telecommunications, BFSI, retail & consumer goods, manufacturing, pharmaceuticals), across seven major regions of the world (North America, Western Europe, Eastern Europe, East Asia, Latin America, South Asia & Pacific, and MEA).
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