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Bare Metal Cloud Market Trends

  • Report ID: GMI6948
  • Published Date: Jul 2024
  • Report Format: PDF

Bare Metal Cloud Market Trends

Edge computing adoption is an emerging trend in the bare metal cloud industry due to the growing demand for real-time processing & low-latency applications. Edge computing brings data processing closer to the source of data generation, thereby reducing latency and enhancing performance. For instance, in April 2023, Spectro Cloud launched the Secure Edge-Native Architecture (SENA) to facilitate the secure deployment and management of edge computing environments. This solution streamlines edge operations, making it more accessible and appealing to those organizations seeking to harness the benefits of High-Performance Computing (HPC) closer to data sources.

Bare metal cloud providers are strategically placing servers at edge locations, thereby enabling businesses to deploy dedicated & high-performance infrastructure for edge computing workloads. This trend caters to applications, such as IoT, autonomous vehicles, and smart cities, where rapid data processing at the edge is essential for optimal performance and responsiveness.
 

The hybrid & multi-cloud integration in the bare metal cloud market strikes a balance between high performance and operational flexibility. By seamlessly incorporating bare metal cloud alongside virtualized cloud resources and on-premises infrastructure, organizations can optimize their workloads. They can retain control and security through dedicated servers while leveraging the scalability and versatility of cloud environments. This approach ensures that mission-critical applications receive the necessary computing power required while accommodating the evolving business needs, making hybrid & multi-cloud integration a compelling trend in the bare metal cloud landscape.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of bare metal cloud reached USD 7.1 billion in 2023 and is set to grow at over 18% CAGR from 2024 to 2032, owing to the rising global demand for high-performance computing.

The large enterprises organization size segment accounted for 60% of the market share in 2023, due to their complex IT requirements.

North America garnered 30% of the market share in 2023, driven by presence of robust technology ecosystem and the thriving enterprise landscape with diverse industry verticals.

Some of the key bare metal cloud companies are Microsoft Corporation, Oracle Corporation, IBM Corporation, Amazon Web Services (AWS), Google LLC., Alibaba Cloud, and Rackspace Technology.

Bare Metal Cloud Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 15
  • Tables & Figures: 336
  • Countries covered: 20
  • Pages: 250
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