Bare Metal Cloud Market - Growing Demand, Trends and Insights (2020-2030)

According to our latest study on “Bare Metal Cloud Market Forecast to 2030 – COVID-19 Impact and Global Analysis – by Service Type, Enterprise Size, and Application,” the bare metal cloud market?size was valued at US$ 6,690.24 million in 2022 and is expected to reach US$ 27,180.47 million by 2030; it is estimated to record a CAGR of 19.2% from 2022 to 2030.

The biggest advantage of deploying bare metal cloud models for organizations is reducing the capital expenditure (CAPEX) and operational expenditure (OPEX) for organizations. Bare metal cloud avails the use of hardware and software services only on a subscription basis as per the amount used. The end-user of this service does not have to pay for owning the hardware and software. Third-party vendor owns, maintains, and upgrades the hardware and software. Also, In the deployment of a bare metal cloud-based solution, the need for servers, backups, upgrade complexity, and version control is eliminated. As bare metal cloud deployments are generally low capital intensive, end-use companies can install cheap and consistent IT infrastructure models. Also, they can focus on their core competencies. Flexibility is a significant advantage offered by bare metal cloud services. It provides end-user complete control over cloud assets so that the user can setup and customize it as per need. Mainly, the user has direct physical access to the resources compared to typical cloud offerings where physical resources are hidden behind the hypervisor layer. Bare metal cloud services allow one to control the number of virtual machines and the workload on them. Despite higher per-unit costs, bare-metal cloud service is more cost-efficient than virtualized servers for high workloads. Since, usage rates are calculated on whichever is suitable an hourly or a monthly basis.

Organizations grow rapidly and hence expect operations to scale up as per the requirement. With easier scalability being offered by the bare metal cloud model, many organizations seem to adopt the model for their diverse operations, including financial management and IT infrastructure management. Adopting such a modular structure that can scale up the IT infrastructure, storage, computing, and fabric in a single architecture has been the adopted widely today. The flexibility offered by bare metal cloud models gives a competitive advantage to companies by quickly adjusting to the demands of customers and making the necessary changes in the operations efficiently. High efficiency and low latency are a prerequisite for leading companies, and deployment of bare metal cloud service gives them the power to be flexible and efficient.

The top five companies in the market Alphabet Inc, Amazon.com , Microsoft Corporation, IBM Corporation and Oracle Corporation. The above listing of key players is derived by considering multiple factors such as overall revenue, current well completion equipment and services portfolio, new product launches, market initiatives, investment in technology up-gradation, mergers & acquisitions, and other joint activities.

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