The bare metal cloud industry is expected to enjoy year-on-year (YoY) growth of around 25% in 2022, reached valuation of US$ 12 Billion.
By the end of 2021, the global bare metal cloud market is anticipated to reach US$ 12 Bn. The market is predicted to grow by 25% year-over-year (YoY) in 2021 in response to the rising demand for affordable hosted services to achieve effective performance and expanding application across various industry verticals. 0020 From 2023 to 2032, the market grew at a CAGR of 24%. The demand for bare metal cloud management software solutions is being fueled by the rapidly growing information technology (IT) & service sector and the growth of the work from home culture. Due to this, it is anticipated that the market will grow at a CAGR of 27% from 2023 to 2032.
Since the last decade, there has been a noticeable shift away from traditional hosting services and toward bare metal clouds in a number of different industries, particularly in the banking, financial services, and insurance (BFSI) sector and telecommunications. This is due to the increased demand for secure storage facilities and the simplification of data operations. The growing demand for data security, efficient service delivery, and standardized hardware platforms as a result of the adoption of artificial intelligence (AI) across numerous industries will also benefit the market.
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Key Takeaways from the Bare Metal Cloud Market Analysis
Some of the leading players in the market profiled by Fact.MR are:
Key Restraints
Competitive Landscape
The top five vendors in the bare metal clouds market is estimated to account for nearly 35% of overall sales in the global market. Leading players are focusing on launching novel products to enhance their product portfolio. Some of the key vendors are aiming at engaging into strategic collaboration, merger, and acquisition of maintain their lead in the landscape. For instance,
More Valuable Insights on Bare Metal Cloud Market
Fact.MR, in its new report, offers an unbiased analysis of the global bare metal cloud market, analyzing forecast statistics through 2021 and beyond. The survey reveals growth projections on in bare metal cloud market with detailed segmentation:
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Jun 23, 2023
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