The Bare Metal Cloud Market is projected to grow significantly, reaching approximately US$ 27,180.47 million by 2030, up from US$ 6,690.24 million in 2022, reflecting a compound annual growth rate (CAGR) of 19.2% during the period from 2022 to 2030.Â
One of the primary benefits of bare metal cloud services is their inherent flexibility. These services grant users complete control over their cloud resources, allowing for tailored setups and customizations according to specific requirements. Unlike traditional cloud solutions, where physical resources are obscured by a hypervisor layer, bare metal cloud services provide users with direct physical access to the hardware. This level of control enables users to manage the number of virtual machines and their workloads effectively. Although the cost per unit may be higher, bare metal cloud services can prove to be more economical than virtualized servers, particularly for demanding workloads, as pricing is based on either hourly or monthly usage rates.
The bare metal cloud market is categorized by service type into several segments, including networking services, storage and database services, compute services, security services, and others. In 2022, the storage and database services segment dominated the market. Bare metal cloud solutions offer high-performance storage capabilities that utilize non-volatile memory express (NVMe) servers, facilitating rapid data transfer between enterprise systems and clients, which is crucial for sectors like banking, financial services, and insurance (BFSI). Additionally, vendors such as Oracle provide dynamically attachable remote block storage, which enhances input/output operations per second (IOPS). The scalable storage infrastructure supports real-time trading, analytics, and compliance-driven data archival, addressing the growing need for managing extensive datasets from various sources.
When examining applications, the bare metal cloud market is divided into sectors such as BFSI, manufacturing, government, retail, healthcare, IT and telecommunications, among others. The IT and telecommunications sector held the largest market share in 2022. Factors contributing to the growth of this segment include the surge in data generated by major social media platforms, the rising adoption of smart devices, and the increasing use of mobile applications. In the IT industry, size, speed, and efficiency are critical. The proliferation of smartphones, tablets, laptops, and gaming consoles has heightened the demand for additional data storage. Bare metal cloud solutions offer numerous advantages to the IT sector, including rapid deployment, energy efficiency, and scalability, making them an attractive option for companies striving to remain competitive.
The segmentation of the bare metal cloud market encompasses service type, enterprise size, and application. The service type categories include networking services, storage and database services, compute services, security services, and others. In terms of enterprise size, the market is divided into small and medium-sized enterprises (SMEs) and large enterprises. The application segments include BFSI, manufacturing, government, retail, healthcare, IT and telecommunications, and others. Geographically, the Bare Metal Cloud Market is segmented into regions such as North America, Europe, Asia Pacific, the Middle East and Africa, and South America.
Key players in the bare metal cloud market include major companies such as Amazon.com Inc, Microsoft Corporation, Alphabet Inc, IBM Corporation, Oracle Corporation, Rackspace Service Type Inc, Lumen Technologies Inc, Internap Holding LLC, Equinix Inc, Limestone Networks Inc, Scaleway SAS, Bigstep Inc, and Cyxtera Technologies Inc, all of which are highlighted in this market analysis.
The overall size of the Bare Metal Cloud Market has been determined through a combination of primary and secondary research methods. Extensive secondary research has been conducted using both internal and external sources to gather qualitative and quantitative data related to the market. This research process aids in forming a comprehensive overview and forecast of the market across all segments. Additionally, numerous primary interviews have been carried out with industry stakeholders to validate the findings and gain deeper analytical insights. This includes discussions with industry experts such as vice presidents, business development managers, market intelligence managers, and national sales managers, as well as external consultants like valuation experts, research analysts, and key opinion leaders specializing in the Bare Metal Cloud Market.