Digital business transformation has entered a more challenging and urgency-driven phase due to the COVID-19 pandemic. Global giants are providing customers with cost-effective and productive digital solutions as every industry is economically hard-hit from the pandemic.
New York, April 26, 2021 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "Bare Metal Cloud Market by Service Type, Organization Size, Vertical And Region - Global Forecast to 2026" - https://www.reportlinker.com/p04604331/?utm_source=GNW
The sudden shutdowns of organizations and institutions increased the demand for cloud solutions and other online services. In current times, the bare metal cloud market is profitable for bare metal cloud vendors as several companies from diverse verticals are progressively adopting cloud-based solutions and services. This market is expected to grow further in North America and Europe, whereas it is expected to hold a significant growth rate in APAC, Latin America, and MEA. Factors such as the increased adoption of cloud among SMEs and the Work From Home (WFH) business model due to COVID–19 are expected to drive the market growth.
Need for no noisy neighbors and hypervisor tax with the help of advanced technologies
Noisy neighbor refers to the co-tenant of virtualized cloud environment, which dominates or necessarily shares the bandwidth, disk I/O, CPU, and other resources of the infrastructure and negatively affects the performance of other users resulting in lower throughput among processes.The advantage of no noisy neighbor has been one of the USPs for bare metal infrastructure vendors, and the majority of them have been vouching for an entirely new scheme for enabling processing through dedicated resources.
The bare metal infrastructure vendors primarily focus on offering a single-tenant architecture wherein multiple resources are clubbed together for dedicated instances of data-intensive operations resulting in delivering higher performance.Hypervisors in a virtualized environment consume higher server-side processing power causing a tradeoff for enterprises to adjust between latency hit operations and low-cost cloud compute infrastructure.
The custom-based lightweight hypervisors have been offered as an alternative to bare metal offerings since public cloud owners have been creating dedicated instances offering a greater share of resources to clients whose data migration costs from the public cloud are significant.
The BFSI vertical expected to hold largest market share in 2020.
Banking, Financial, Services, and Insurance (BFSI) is one of the fastest-growing segment.The banking vertical predominantly requires bare-metal cloud services with the rise in the transactions and details related to them.
Moreover, the critical need for high security and data protection during online banking, secure transactions, and access violations has also pushed the data traffic demanding the use of bare metal cloud solutions. In areas, such as risk analytics, derivatives pricing, quantitative modeling, portfolio optimization, and bank stress-testing, the use of High-Performance Computing (HPC) for a quick performance of complex calculations on large data sets is becoming increasingly prevalent.
North America to hold the largest market size and Asia Pacific (APAC) to grow at a higher rate during the forecast period
APAC is one of the fastest-growing regions in terms of technology adoption, and the demand for digitization is driven by various initiatives carried out by different governments and large enterprises in the region.Countries such as China, Japan, Australia, Singapore, India, and Indonesia are leading this technology adoption, which includes embracing new-age technologies such as AI, edge, IoT, analytics, and cloud.
The region houses a large number of enterprises related to retail and consumer goods, telecommunications, healthcare and Lifesciences, manufacturing, and media and entertainment, which is further expected to drive the demand for bare metal cloud market.
In the process of determining and verifying the market size for several segments and subsegments gathered through secondary research, extensive primary interviews were conducted with the key people.
The breakup of the profiles of the primary participants as follows:
• By Company Type: Tier I: 37%, Tier II: 25%, and Tier III: 38%
• By Designation: C-Level: 22%, D-Level: 33%, and Others: 45%
• By Region: North America: 42%, Europe: 25%, APAC: 18%, and RoW: 15%
The report profiles the following key vendors:
1. IBM (US)
2. Oracle (US)
3. Lumen (US)
4. Internap (US)
5. Rackspace (US)
6. AWS (US)
7. Dell (US)
8. Equinix (US)
9. Google (US)
10. Microsoft (US)
11. Alibaba Cloud (China)
12. Scaleway (France)
13. Joyent (US)
14. HPE (US)
15. OVHcloud (France)
16. Limestone Networks (US)
17. MediaTemple (US)
18. Bigstep (UK)
19. Zenlayer (US)
20. phoenixNAP (US)
The report segments the global bare metal cloud market by Services, the bare metal cloud market has been segmented into compute services, networking services, database services, security services, storage services, professional services, and managed services.By vertical, the bare metal cloud market has been classified into Banking, financial services and insurance (BFSI); retail and consumer goods; IT and ITeS; Telecommunications; healthcare and life sciences; manufacturing; media and entertainment; government; and others.
• By region, the market has been segmented into North America, Europe, APAC, MEA, and Latin America.
Key Benefits of Buying the Report
The report will help the market leaders/new entrants in the bare metal cloud market with information on the closest approximations of the revenue numbers for the overall bare metal cloud market and the subsegments.The report will help stakeholders understand the competitive landscape and gain more insights to better position their businesses and to plan suitable go-to-market strategies.
The report also helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities.
Read the full report: https://www.reportlinker.com/p04604331/?utm_source=GNW
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