Dallas, Texas, May 25, 2021 (GLOBE NEWSWIRE) -- The “Bare Metal Cloud Service Market by Service Type (Database Services, Compute Services, Volume & Object Storage Services, Identity, and Access Management Services, Networking Services, and Others), Organization Size (Large Organizations and Small & Medium Organizations), Industry Vertical (IT and Telecommunication, Retail, BFSI, Government, Manufacturing, and Others), and Region (North America, Europe, Asia Pacific, Middle East and Africa and South America), Global Forecast, 2018 to 2028” study provides an elaborative view of historic, present and forecasted market estimates.
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The global bare metal cloud service market size is likely to attain over USD 27 billion by the year 2028. In addition, it is likely to project a CAGR of over 35% during the forecast years 2020-2028. The bare metal cloud is a service that offers numerous management services such as pre-built IT architecture, lifecycle management, tested installations, hardware maintenance, and others. The growing need for dedicated servers, physically discrete, customized, high performance, and better storage are the key factors boosting the demand for bare metal cloud service solution across large and small & medium organizations. that allows organizations to execute the marketing of their products or services through digital media platforms.
The present and future bare metal cloud service market progress are summarized to conclude the attractiveness of the entire market. In addition, prime factors that influence the bare metal cloud service market opportunities during the forecast years. Elements such as the serious need for constant load balancing of data-focused and latency-sensitive operations is the key factor driving the market growth for bare metal cloud service. Also, the increasing demand for non-locking compute and storage resources from small & medium, as well as large organizations, is another factor driving the market growth. However, the rigorous government protocols associated with the cloud are hampering the market growth. Furthermore, the applications in DevOps applications and big data are likely to be opportunistic for the bare metal cloud service market in the upcoming years.
The report further summarises the different characteristics of the global bare metal cloud service industry by considering the market from value chain analysis. Moreover, the report encompasses numerous qualitative features of the bare metal cloud service industry which comprises market restraints, drivers, as well as key industry opportunities. Furthermore, the report offers an inclusive evaluation of the company profiling along with the market rivalry of local and global vendors.
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The bare metal cloud service market has tough competition among the new emerging and pre-established market vendors. In addition, the bare metal cloud service industry vendors are trying to capture the prospective markets to grab a competitive advantage over the remaining industry vendors. To capture the market, market players are forming agreements, acquiring other companies & startups, mergers & acquisitions, partnerships & collaboration, and escalating their business existence.
Based on the organization size, the market is segmented into large organizations and small and medium organizations. The small and medium organizations segment collected the foremost growth and it is probable to hold its place throughout the forecast years 2020-2028. The adoption of bare metal cloud services across the small and medium organizations segment is mainly credited to the growing need to simplify the data operations. However, the large organization's segment captured the major market portion also, it is likely to do so throughout the forecast years.
In terms of region, the market is analyzed across North America, Europe, South America, Asia-Pacific, and Middle East & Africa. The Asia-Pacific region is likely to gather noteworthy growth through the forecast period 2020-2028. The growth of bare metal cloud service in this region is largely ascribed to the growing focus on data security and investments in advanced technologies by the respective governments. Conversely, the North American region is likely to account for the maximum market contribution during the forecast years. The domination of this region is largely credited to the increasing cloud service adoption and growing investments across the IT sector.
The major players of the global bare metal cloud service market are Amazon Web Services, Bigstep, Dell Technologies, IBM, CenturyLink, Oracle, Internap, Scaleway, Rackspace Hosting, and Packet. Moreover, the other potential players in the bare metal cloud service market are Joyent, Strom, Limestone Networks, Datapipe, and LightEdge Solutions. Renowned companies are offering new and modern bare metal cloud service solutions.
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Major Points from Table of Contents:
Chapter 1 Introduction
Chapter 2 Research Methodology
Chapter 3 Executive Summary
Chapter 4 Market Outlook
Chapter 5 Bare Metal Cloud Service Market by Service Type
Chapter 6 Bare Metal Cloud Service Market by Organization Size
Chapter 7 Bare Metal Cloud Service Market by Industry Vertical
Chapter 8 Bare Metal Cloud Service Market By Region
Chapter 9 Competitive Landscape
Chapter 10 Company Profiles
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