Global Bare Metal Cloud Market is accounted for $4.50 billion in 2020 and is expected to reach $22.38 billion by 2028 growing at a CAGR of 22.2% during the forecast period. Some of the key factors propelling the market growth include increasing critical need for reliable load balancing of data-intensive and latency-sensitive operations, increased usage of IoT platforms and devices to manage workload with high performance computing, necessity of non-locking compute and storage resources, elimination of overheads caused due to adherence to compliance, convergence of technologies such as AI, IoT, and analytics, and increase in mobility usage among end users.
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Based on the geography, Asia Pacific region is anticipated to be the significant-growing regional market over the forecast period, owing to technology adoption, and the demand for digitization is driven by various initiatives carried out by different governments and large enterprises in the region. Countries such as China, Japan, Australia, Singapore, India, and Indonesia are leading this technology adoption, which includes embracing new-age technologies such as AI, edge, IoT, analytics, and cloud. The region houses a large number of enterprises related to retail and consumer goods, telecommunications, healthcare and Lifesciences, manufacturing, and media and entertainment, which is further expected to drive the demand for bare metal cloud. The governments of the APAC region are also adopting cloud by various initiatives, such as smart cities initiatives will be one of the prime catalysts for the adoption of public cloud bare metal professional and managed services.
Some of the key players in Bare Metal Cloud Market include Internap Corporation, Rackspace Technology Inc., Dell Technologies Inc., International Business Machines Corp., Limestone Networks Inc., Scaleway Incorp., Joyent Inc., Oracle Corp., GoDaddy Inc., Spotinst Ltd., CenturyLink Inc., Amazon Web Services Inc, LightEdge Solutions, Inc, Google, Microsoft, and Datapipe, Inc.
Organization Sizes Covered in Bare Metal Cloud Market
• Large Enterprises
• Small and Medium-Sized Enterprises (SMEs)
Types Covered:
• Can’t Meet Local Storage Need
• Can Meet Local Storage Need
Components Covered:
• Services
• Software
• Hardware
• Solution
Deployments Covered:
• On-Premise
• Hosted
Applications Covered:
• High-Transaction Workloads
• Big Data Applications
End Users Covered:
• Retail and Consumer Goods
• Construction and Manufacturing
• Telecommunications
• Public Sector and Government
• Healthcare and Life Sciences
• Media and Entertainment
• Banking, Financial, Services, and Insurance (BFSI)
• Information Technology (IT) and Information Technology Enabled Services (ITeS)
• Advertising
• eCommerce
• Aerospace and Defense
• Chemicals
• Automotive and Transportation
• Materials
• Energy, Power and Utilities
• Food & Beverage
• Agriculture
• Other End Users
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