Latest News- Bare Metal Cloud Market: BFSI is expected to lead the End-user segment during 2024-2028

The Bare Metal Cloud Market is being driven by Increasing online content with high Internet penetration

The Bare Metal Cloud Market is expected to grow at a CAGR of 32.14% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 19109.8 million. In the realm of bare metal cloud solutions, hyper-convergence infrastructure represents a game-changing approach. This solution integrates storage, computing, and virtualization technologies within a single X-86 server, enabling organizations to run all their applications in a virtualized environment. By consolidating these components, hyper-convergence infrastructure significantly reduces complexities in storage systems, leading to power savings, optimized space utilization, and enhanced operational efficiency. Moreover, the current business landscape is witnessing a surge in the adoption of advanced analytics solutions. These solutions enable companies to derive valuable insights from their data by analyzing patterns and trends, ultimately informing strategic decision-making and enhancing consumer understanding. The integration of advanced analytics within bare metal cloud solutions further bolsters their value proposition, offering organizations a competitive edge in today's data-driven economy. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• End-user
  • BFSI
  • Government
  • IT and telecom
  • Healthcare
  • Others
• Type
  • Hardware
  • Service
• Application
  • Compute Services
  • Storage Services
  • Networking Services
• Geography
  • North America
    • US
  • Europe
    • Germany
    • UK
  • APAC
    • China
    • Japan
  • South America
  • Middle East and Africa

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Increasing online content with high Internet penetration
• Rise in popularity of SOA
• Increasing adoption of new technologies

However, the market also witnesses some limitations, which are as follows:

• System integration and interoperability issues
• Stringent cloud data storage regulations
• Premium pricing model of bare metal cloud

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Market Scope in Bare Metal Cloud Market Research Report

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Research Analysis Overview

The Bare Metal Cloud market is a revolutionary approach in cloud computing that offers businesses the benefits of both physical servers and virtualized cloud instances. With the need for scalability, adaptability, and reliability, Bare Metal Cloud has emerged as a preferred choice for IT professionals. This solution provides access to dedicated hardware components, ensuring optimal performance and security. Equinix, a leading colocation data center provider, is at the forefront of this trend, offering Bare Metal Cloud services. The central dashboard allows users to manage their cloud servers with ease, deploying Lightweight Hypervisors and Virtual Machines (VMs) as needed. Bare Metal Cloud caters to various industries, including Social Media, Mobility, Big Data, AI, IoT, and Oil & Gas, where real-time processing and high-performance computing are essential. The solution's adaptability and reliability make it an ideal choice for businesses dealing with inflation and fluctuating market conditions. Security is a top priority, with services ensuring data privacy, compliance, and protection against cyber threats. The integration of AI and Machine Learning further enhances the value proposition, enabling predictive maintenance and automation. Overall, Bare Metal Cloud offers a cost-effective, high-performance alternative to traditional cloud computing.

Market Research Overview

The global IT services market encompasses businesses specializing in IT consulting and integration, application services, electronic data processing, business process outsourcing, infrastructure services, and Internet services. The Internet services and infrastructure market segment specifically focuses on companies delivering services and infrastructure for the Internet industry. This includes data centers, cloud networking and storage infrastructure, and hosting services. Exclusively, it does not cover software product providers. Furthermore, this market category incorporates IT security services and cloud computing services, as calculated by Technavio, based on the consolidated revenue generated by all companies involved in the provision of Internet services and infrastructure services.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
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UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/