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Bare Metal Cloud Market Size
- Report ID: GMI6948
- Published Date: Jul 2024
- Report Format: PDF
Bare Metal Cloud Market Size
Bare Metal Cloud Market size was valued at USD 7.1 billion in 2023 and is estimated to register a CAGR of over 18% between 2024 and 2032. The rising global demand for High-Performance Computing (HPC) is a significant factor driving the market growth. HPC applications, such as scientific simulations, AI/ML modeling, and data analytics, require immense computational power, low-latency access to hardware, and optimal performance.
For instance, in January 2023, DartPoints launched a bare metal cloud solution, providing dedicated servers for organizations seeking high performance and customization in their IT infrastructure. This offers full control over physical equipment, combining the agility of cloud with the benefits of secure & dedicated hardware and subsequently addressing the unique needs of mid-size markets.
| Report Attribute | Details |
|---|---|
| Base Year: | 2023 |
| Bare Metal Cloud Market Size in 2023: | USD 7.1 Billion |
| Forecast Period: | 2024 to 2032 |
| Forecast Period 2024 to 2032 CAGR: | 18.4% |
| 2032 Value Projection: | USD 30.5 Billion |
| Historical Data for: | 2018 - 2023 |
| No. of Pages: | 250 |
| Tables, Charts & Figures: | 336 |
| Segments covered: | Service type, deployment model, organization size, and end-user |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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Technological advancements are driving the bare metal cloud market growth by delivering enhanced performance, automation, and security. These advancements include faster processors, high-speed networking, and efficient storage solutions, allowing bare metal servers to meet the growing needs of modern workloads.
In January 2023, OVHcloud unveiled Bare Metal Instances, a pay-as-you-go service offering dedicated single-tenant physical servers with computational, storage, and networking resources. Users can be billed on an hourly or monthly basis, which helps in ensuring cost flexibility. Bare Metal Instances has been designed to seamlessly integrate with the public cloud ecosystem, enabling users to enhance their deployments with the complete public cloud catalog. This integration is facilitated through APIs and Infrastructure-as-Code (IaC) tools, making it easier for businesses to leverage bare metal instances while optimizing their cloud-based workloads.
The limited availability of bare metal cloud services can be a challenge for businesses. Bare metal cloud options are not as widely available as traditional virtualized cloud offerings. This scarcity restricts the choices available to businesses and may hinder their ability to find a suitable provider that meets their specific requirements for dedicated & high-performance physical servers. It can also result in higher costs and reduced flexibility due to a lack of competitive options in the market.
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Bare Metal Cloud Market Scope
