The global bare metal cloud market is anticipated to reach $26.21 billion by 2025, according to a new report by Grand View Research. 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.
According to the Grand View Research market study, bare metal cloud solutions are gaining momentum and witnessing a high demand from enterprises across different industry verticals. These solutions would offer benefits such as efficient data storage, streamlined data center operations, and faster service delivery through various solutions such as bare metal dedicated server 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, states Grand View Research. The increased use of dedicated server 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 managed 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. According to Grand View Research, this is further creating an opportunity for market growth.
Browse Grand View Research’s full market research report on “Bare Metal Cloud Market Analysis By Type (Hardware, Service), By Deployment (Hosted, On-Premise), By Enterprise, By End-use (Advertising, BFSI, Government, Healthcare), By Region, And Segment Forecasts, 2014 – 2025” here.