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Global Bare Metal Cloud Market 2019-2023|37% CAGR Projection over the Next Five Years | Technavio

April 11, 2019
The global bare metal cloud market will post a CAGR of more than 37% during the period 2019-2023 (Graphic: Business Wire)

LONDON--(BUSINESS WIRE)--Apr 11, 2019--The global bare metal cloud market is expected to post a CAGR of more than 37% during the period 2019-2023, according to the latest market research report by Technavio. However, the market is expected to decelerate as the year-over-year growth is projected to decrease over the forecast period.

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The global bare metal cloud market will post a CAGR of more than 37% during the period 2019-2023 (Graphic: Business Wire)

With the rising cost pressure owing to certain business and economic conditions, several companies are compelled to use flexible IT solutions. The cost of on-premises deployment model is highest as it includes the cost of licensing, system design and customization, implementation, training, and maintenance. Organizations also need to spend a considerable amount on its proper implementation, which increases the overall OPEX. Bare metal cloud is flexible in terms of the deployment model and allows clients to build their cloud-based infrastructure as per their business requirements. The critical advantage of implementing bare metal cloud services is the pay-per-use pricing model in which clients pay for what they use on a monthly or an hourly basis. Hence, the demand for bare metal cloud is expected to increase during the forecast period.

As per Technavio, the rise in the adoption of hybrid bare metal cloud storage systems will have a positive impact on the market and contribute to its growth significantly over the forecast period. This global bare metal cloud market 2019-2023 research report also analyzes other important trends and market drivers that will affect market growth over 2019-2023.

Global bare metal cloud market: Rise in the adoption of hybrid bare metal cloud storage systems

The adoption of hybrid bare metal cloud systems is increasing at a significant rate globally as it provides organizations flexibility in choosing the right cloud deployment model for each workload. The deployment of hybrid bare metal cloud system contains three significant benefits such as improved data management, better security, and compliance, and enhanced IT infrastructure management and flexibility. The hybrid bare metal cloud systems provide both on-premises and cloud-based bare metal data center storage systems for efficient operations. The rising implementation of hybrid bare metal cloud infrastructure is expected to fuel the growth of the global bare metal cloud market in the future.

“With the significant increase in the penetration rate of the Internet, the personal content going on online platforms, especially social media, is increasing. Also, the private and public sectors are increasingly storing their data on the cloud. Further, payment card companies are encouraging customers to make online transactions using the Internet. As a result, cases such as data theft and phishing are on the rise, and new forms of attack are emerging. Hence, end-users are increasingly adopting bare metal cloud solutions to secure their systems from cyber threats,” says a senior research analyst at Technavio.

Global bare metal cloud market: Segmentation analysis

This market research report segments the global bare metal cloud market by end-user (BFSI, government, IT and telecom, healthcare, and others) and geographic regions (APAC, Europe, MEA, North America, and South America).

The BFSI segment held the largest bare metal cloud market share in 2018. The growth of the BFSI segment can be attributed to the growing investment in cloud infrastructure and the inherent benefits of using the bare metal cloud in the BFSI sectors.

The North America region led the market in 2018, followed by Europe, APAC, South America, and MEA respectively. The market in North America is driven by the growing adoption of secured cloud services. The adoption of bare metal cloud in countries such as the US and Canada is the highest in the region.

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Some of the key topics covered in the report include:

Market Landscape

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

Market Sizing

  • Market definition
  • Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

  • Regional comparison
  • Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Competitive scenario

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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SOURCE: Technavio Research

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PUB: 04/11/2019 10:32 AM/DISC: 04/11/2019 10:32 AM

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