Global Bare Metal Cloud Services Market Size By Service Type, By Model of Deployment, By Size of Organization, By Geographic Scope And Forecast
Published on: 2024-08-08 | No of Pages : 320 | Industry : latest updates trending Report
Publisher : MIR | Format : PDF&Excel
Global Bare Metal Cloud Services Market Size By Service Type, By Model of Deployment, By Size of Organization, By Geographic Scope And Forecast
Bare Metal Cloud Services Market Size And Forecast
Bare Metal Cloud Services Market size was valued at USD 25.3 Million in 2023 and is projected to reach USD 90.07 Million by 2030, growing at a CAGR of 22.36% during the forecast period 2024-2030.
Global Bare Metal Cloud Services Market Drivers
Various factors can influence the market drivers for the Bare Metal Cloud Services Market. These may include
- Performance and Resource separation Applications requiring dedicated server resources can be served by bare metal cloud services, which provide high-performance computing and resource separation. Because of this, they are appropriate for workloads that require a high level of performance, like high-performance computing activities and data-intensive applications.
- Customization and Control Businesses gain from being able to alter bare metal server configurations to meet their unique needs. With this degree of control, businesses may better utilize their resources and ensure better performance by customizing server configurations for particular workloads.
- Security and Compliance Certain companies have particular security and compliance needs, particularly those in regulated sectors like finance and healthcare. Services offered by bare metal cloud offer a dedicated environment that improves security and complies with regulations.
- Low Latency By doing away with the expense of hypervisors, bare metal cloud services can provide greater performance than virtualized environments for applications that demand low latency, such as financial trading, gaming, and content delivery networks (CDNs).
- Predictable price Pay-as-you-go or subscription-based payment models are common for bare metal cloud services, offering predictable price patterns. Businesses which wish to stay away from the variable costs related to virtualized environments may find this useful.
- Growing Need for High-Performance Computing (HPC) The popularity of bare metal cloud services has been propelled by the growing need for HPC capabilities in sectors including scientific research, simulations, and artificial intelligence (AI). These services provide the specialized resources needed for workloads requiring a lot of computation.
- Cloud Service Adoption by Organizations A growing demand for a variety of cloud products is being driven by the ongoing migration of organizations to the cloud. A substitute for virtualized environments, bare metal cloud services are designed to meet the needs of certain use cases that require actual servers that are devoted to them.
- Increase in Hybrid Cloud Deployments A lot of businesses use hybrid cloud strategies, which mix cloud services and on-premises infrastructure. By allowing for a smooth integration with current on-premises infrastructure, bare metal cloud services can act as a link between conventional data centres and the cloud.
- Technological breakthroughs The overall performance improvements in bare metal cloud services are partly attributed to ongoing breakthroughs in hardware technology, such as faster CPUs and high-speed storage systems.
Global Bare Metal Cloud Services Market Restraints
Several factors can act as restraints or challenges for the Bare Metal Cloud Services Market. These may include
- Limited Elasticity and Scalability Virtualized systems provide greater elasticity and scalability than bare metal servers do. In comparison to cloud services that rely on virtual machines, scaling resources up or down could take longer.
- Higher Costs Because bare metal cloud services don’t share resources and require dedicated hardware, they may be more expensive than virtualized cloud services. Adoption may be constrained by this expense, especially for firms that are cost-conscious.
- Resource Underutilization Underutilization is possible with bare metal servers since they offer dedicated resources to a single user or tenant. This is particularly true when applications fail to make full use of the hardware that has been assigned.
- Deployment Time Compared to virtual servers, provisioning bare metal servers could take longer. Agility may be impacted by this prolonged deployment time, especially for companies whose workloads are dynamic or change quickly.
- Complexity of Management Compared to virtualized environments, managing bare metal servers involves more administrative work and physical intervention. As a result, configuration, upgrades, and maintenance may become more difficult.
- Absence of Live Migration Bare metal servers usually do not offer live migration, in contrast to virtualized systems. Applications with strict availability requirements may be impacted by the need for downtime while transferring workloads between servers.
- Restricted Software-defined Functionality Some software-defined features seen in virtualized settings, such dynamic scaling and automatic resource allocation, might not be present on bare metal servers.
- Dependency on Physical Infrastructure The flexibility of regional distribution and data centre location may be restricted by the dependence of bare metal cloud services on physical infrastructure.
- Reduced choice of Managed Services Compared to bare metal cloud services, virtualized cloud companies frequently provide a wider choice of managed services. Virtualized offerings can be a better fit for organizations that need a full range of managed services.
- Competition from Virtualized Cloud Services Because of their affordability, scalability, and flexibility, virtualized cloud services have taken the lead for many workloads. A competitive threat to bare metal cloud services may come from the growing popularity of virtualized alternatives.
Global Bare Metal Cloud Services Market Segmentation Analysis
The Global Bare Metal Cloud Services Market is Segmented on the basis of Service Type, Model of Deployment, Size of Organization and Geography.
Bare Metal Cloud Services Market, By Service Type
- Compute Services Dedicated, all-metal servers used for calculations and processing.
- Storage Services Data storage and retrieval using bare metal storage solutions.
- Services for Networking Specific tools and resources for networking.
- Database Services Hosting and managing databases with bare-metal solutions.
- Others Extra specialist services provided on infrastructure made of bare metal.
Bare Metal Cloud Services Market, By Model of Deployment
- Public Bare Metal Cloud Services made available to the general public by independent cloud service providers.
- Private Bare Metal Cloud Dedicated bare metal cloud services for a single enterprise housed inside a private network.
- Combining both private and public bare metal cloud services is known as hybrid bare metal cloud.
Bare Metal Cloud Services Market, By Size of Organization
- Small and Medium-sized Enterprises (SMEs) Catering to the needs of smaller organizations.
- Big Businesses Meeting the needs of bigger businesses with high computing requirements.
Bare Metal Cloud Services Market, By Region
- North America Consists of both Canada and the United States.
- Europe Consists of all the nations in the European continent.
- Asia-Pacific Consists of all nations within the Asia-Pacific area.
- Middle East and Africa Includes nations in Africa and the Middle East.
- Latin America Includes the nations of South and Central America.
Key Players
The major players in the Bare Metal Cloud Services Market are
- IBM Corporation
- Oracle Corporation
- Internap Corporation
- Rackspace Technology
- Packet (Acquired by Equinix)
- Limestone Networks
- Hetzner Online GmbH
- OVHcloud
- CenturyLink (now part of Lumen Technologies)
- IBM SoftLayer (Now part of IBM Cloud)
Report Scope
REPORT ATTRIBUTES | DETAILS |
---|---|
Study Period | 2020-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Historical Period | 2020-2022 |
Unit | Value (USD Million) |
Key Companies Profiled | IBM Corporation, Oracle Corporation, Internap Corporation,Rackspace Technology, Packet (Acquired by Equinix), Limestone Networks, Hetzner Online GmbH, OVHcloud, CenturyLink (now part of Lumen Technologies) |
Segments Covered | By Service Type, By Model of Deployment, By Size of Organization, By Region |
Customization scope | Free report customization (equivalent to up to 4 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
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