Bare Metal Cloud Market is Driven by Telecom & IT due to the Growing Big Data
by Susan Hill Business ConsultantThe global bare metal cloud market is anticipated to reach USD
26.21 billion by 2025, according to a new report by Grand View Research, Inc.
Factors such as increased demand for secure storage facility and rapid
developments in the cloud industry have encouraged enterprises to switch to
bare metal cloud from conventional cloud services.
Bare metal cloud solutions
are gaining momentum and witnessing a high demand from enterprises across
different industry verticals. These solutions offer manifold benefits such as
efficient data storage, streamlined data center operations, and faster service delivery
through various solutions such as bare metal compute and storage network.
Presently, the rapid uptake of internet and networking has increased the demand
for more storage space, advanced networking solutions, and high computing power
in cloud services.
The hardware segment
dominated the market in 2016. The increased use of compute, network, and
storage facilities to virtualize data centers is driving the hardware market.
Moreover, the accelerated use of internet-based technologies and electronic
devices is expected to further propel the market growth.
The maintenance service
segment is anticipated to witness substantial growth owing to the need for
regular maintenance post installation. The demand for these services is
expected to increase over the forecast period. The increasing advancements in
cloud services are encouraging providers to introduce new updates in minimal
time with better quality. This is further creating an opportunity for market
growth.
Further key findings from the report suggest:
- The demand for bare metal cloud has
increased over the years, owing to the increasing significance of data
security and rising adoption of advanced cloud services along with
advanced authentication support.
- The U.S. government is investing
considerable amount of monetary and non-monetary resources to encourage
the adoption of cloud services across various sectors and carry out
initiatives such as smart
cities.
- The increasing use of cloud and
internet-based technology in Canada has triggered the adoption of bare
metal cloud services in businesses of all sizes.
- Factors such as high demand for
cloud-based services and automated storage adoption by small- and
mid-sized companies are expected to be the key trends influencing the
market growth.
- Key players in the market include IBM
Corporation, Oracle Corporation, and Rackspace Inc., among others.
Access full research report on global bare metal cloud market: www.grandviewresearch.com/industry-analysis/bare-metal-cloud-market
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Created on Mar 18th 2020 14:04. Viewed 230 times.