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on January 5, 2024
The global bare metal cloud service market share is set to witness substantial growth, with a projected CAGR of 31.3% between 2024 and 2032, according to a report by Expert Market Research (EMR). The increasing demand for high-performance computing solutions, coupled with the surge in data-intensive applications across various industries, is expected to drive the market's expansion during the forecast period. Bare metal cloud services provide users with dedicated physical servers without the virtualization layer, offering superior performance and customization options compared to traditional cloud services.
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The adoption of bare metal cloud services is gaining momentum as businesses recognize the need for enhanced processing power, low-latency performance, and robust security measures. Industries such as finance, healthcare, and gaming, which require intensive computing capabilities, are expected to be key contributors to the market's growth. Additionally, the flexibility of bare metal cloud services to accommodate diverse workloads, from data analytics to artificial intelligence, positions them as a preferred choice for enterprises seeking versatile and scalable solutions.
The report highlights that the bare metal cloud service market is not only driven by performance considerations but also by the increasing emphasis on data sovereignty and compliance. Certain industries, especially those dealing with sensitive information, are opting for bare metal solutions to meet regulatory requirements and ensure data residency. As data privacy concerns continue to grow, this trend is expected to fuel the adoption of bare metal cloud services across various sectors.
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Bare Metal Cloud Service Market Segmentation
The bare metal cloud service market can be segmented based on deployment model, service type, and end-user industry.
Market Breakup by Deployment Model
- Public Cloud
- Private Cloud
- Hybrid Cloud
Market Breakup by Service Type
- Compute Services
- Networking Services
- Database Services
- Storage Services
- Others
Market Breakup by End-User Industry
- IT and Telecommunications
- BFSI (Banking, Financial Services, and Insurance)
- Healthcare
- Retail
- Manufacturing
- Others
Regional Analysis
The global bare metal cloud service market is geographically segmented into:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Bare Metal Cloud Service Market Competitive Landscape
The EMR report provides a comprehensive analysis of the competitive landscape, including market shares, strategic partnerships, mergers and acquisitions, and key developments. Some of the major players operating in the global bare metal cloud service market, as highlighted in the report, include:
- International Business Machines Corporation
- Oracle Corporation
- Scaleway S.A.S
- Internap Holding LLC
- Lumen Technologies, Inc.
- Others
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Posted in: Business
Topics:
bare metal cloud service market