Worldwide Bare Metal Cloud Market is expected to reach $9,150.3 million by 2022; Finds New Report

Worldwide Bare Metal Cloud Market to Grow at a CAGR of 43.2% during the period 2016–2022 to aggregate $9,150.3 million by 2022

As the cloud infrastructure is growing, the demand for single tenancy and security improves the strength of the market, leading hardware segment to hold the majority of the share and reach $4,639.2 million by 2022, while services market will reach $3,616.2 million

Global market research and consulting organization, has published a study titled “Worldwide Bare Metal Cloud Market: Drivers, Opportunities, Trends, and Forecasts, 2016–2022” (June 2016).

According to Publisher, bare metal cloud market will change the way the IaaS market structure is being developed. The bare metal cloud is mostly used by the large organizations which are ready to invest and use new technology for better flexibility and efficiency. With higher ownership and deployment of new technologies, IaaS market will have a change in the architecture and will result in higher growth rate in the coming 10 years. The market is expected to grow at a CAGR of 43.2% during the period 2016–2022 to touch an aggregate of $9,150.3 million by 2022. Most of the bare metal cloud is linked with cloud services, which help both hardware and software to work seamlessly and integrate with other traditional systems present.

“The demand for wireless communication, adoption of cloud-based services, increase in the development of government regulations, and the removal of a noisy neighbor are driving the bare metal cloud market. The scalability, flexibility, and performance are considered to be the core offerings of bare metal cloud. Predominantly, key security solutions are expected to attract the banks and insurance companies in more numbers. BFSI segment is forecasted to have the highest market share compared to other verticals in the upcoming years.” – KR Sreenivasan, Founder Director at Publisher

“Bare metal cloud might be the booster for organizations with I/O-heavy workloads, big data applications and majorly crafted for those organizations who have settled for lower performance levels. On-demand storage and metered hourly billing could be the key benefits for organizations around the globe. North America holds the major share in enabling them and boosting their organizations with efficiency, flexibility, and scalability.” – Tariq Ahmed. Shaik, Research Manager at Publisher

The bare metal cloud emerged due to IaaS platforms that were not offering major control over the data and infrastructure. The market for IaaS started changing when the two-tenant model of virtualization developed and started with the problems of noisy neighbor and virtual machines, Then, some of the cloud providers developed bare metal cloud which transmits the two-tenant model into single-tenant for better security and control.

In view of the above, leading stakeholders in the business, especially large, MNC vendors need to invest in research and development and testing of market-specific machinery and equipment for standardization and control, and training and popularization.

“Bare metal cloud is the perfect substitute to the traditional multi-tenant format, improving the efficiency and flexibility of the streamlined data flow. Moreover, organizations will shift their focus to the bare metal cloud to cut overhead cost, security and take the advantage of the single-tenant model.” – According to Senior Research Analyst.

The report is segmented by types, deployment model, end-users, and regions. If we analyze the market by end-users, the major share of the revenue comes from BFSI (20.46%), followed by Healthcare (16.63%) and Government (14.45%). The growth in the verticals has led to the overall growth of the bare metal cloud market with the IT & Telecom market predicted to reach $869.3 million by 2022 from $101.3 million in 2016, at a CAGR of 43.1%.

If we analyze the market by types, the major share of the revenue comes from hardware segment followed by services and software. The growth in the hardware has led to the overall growth of the market revenue with the storage market predicted to reach $1,554.1 million by 2022, at a CAGR of 43.9%.

The report aims to highlight key insights from providers and end-users. The report provides an in-depth analysis and forecast about the industry covering the following key features:

• The report not only highlights users’ conundrum (challenges and barriers to adopting bare metal cloud) but also brings in their perspective on the market. This market has been analyzed by taking into account the key regions – North America, Europe, Asia Pacific, and LAAM. The top 5 verticals covered are BFSI, Healthcare, Government, Retail, and Manufacturing
• The analyst has rated top four vendors Vis a Vis end user inputs on key factors. Also, the names of all the providers present in the market have been covered
• Competitive benchmarking analysis to optimize short term and long term strategy of the organizations
• Stakeholders’ insights and key trends (current and future) of the market

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