Worldwide Bare Metal Cloud Market to Grow at a CAGR of 43.2% During the Period 2016-2022 to Aggregate $9,150.3 Million by 2022
As the cloud infrastructure is growing, the demand for single tenancy and security improves the strength of the market, leading hardware segment to hold the majority of the share and reach $4,639.2 million by 2022, while services market will reach $3,616.2 million.
Bangalore, India, May 17, 2017 (Newswire.com) - According to Infoholic Research, bare metal cloud market will change the way the IaaS market structure is being developed. The bare metal cloud is mostly used by the large organizations which are ready to invest and use new technology for better flexibility and efficiency.
With higher ownership and deployment of new technologies, IaaS market will have a change in the architecture and will result in higher growth rate in the coming 10 years. The market is expected to grow at a CAGR of 43.2% during the period 2016–2022 to touch an aggregate of $9,150.3 million by 2022. Most of the bare metal cloud is linked with cloud services, which help both hardware and software to work seamlessly and integrate with other traditional systems present.
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“The demand for wireless communication, adoption of cloud-based services, increase in the development of government regulations, and the removal of a noisy neighbor are driving the bare metal cloud market. The scalability, flexibility, and performance are considered to be the core offerings of the bare metal cloud. Predominantly, key security solutions are expected to attract the banks and insurance companies in more numbers. BFSI segment is forecasted to have the highest market share compared to other verticals in the upcoming years,” said KR Sreenivasan, Founder Director at Infoholic Research
How did bare metal cloud come into the picture? The bare metal cloud emerged due to IaaS platforms that were not offering major control over the data and infrastructure. The market for IaaS started changing when the two-tenant model of virtualization developed and started with the problems of noisy neighbor and virtual machines. Then, some of the cloud providers developed bare metal cloud, which transmits the two-tenant model into single-tenant for better security and control.
In view of the above, leading stakeholders in the business, especially large, MNC vendors, need to invest in research and development and testing of market-specific machinery and equipment for standardization and control, and training and popularization.
“Bare metal cloud might be the booster for organizations with I/O-heavy workloads, big data applications and majorly crafted for those organizations who have settled for lower performance levels. On-demand storage and metered hourly billing could be the key benefits for organizations around the globe. North America holds the major share in enabling them and boosting their organizations with efficiency, flexibility, and scalability,” said Jaydeep Bhattacharjee, Group head at Infoholic Research
The “Worldwide Bare Metal Cloud Market to Grow at a CAGR of 43.2% during the period 2016–2022 to aggregate $9,150.3 million by 2022” report is segmented by types, deployment model, end-users, and regions. If we analyze the market by end-users, the major share of the revenue comes from Banking, Financial Services and Insurance or BFSI (20.46%), followed by Healthcare (16.63%) and Government (14.45%). The growth in the verticals has led to the overall growth of the bare metal cloud market with the IT & Telecom market predicted to reach $869.3 million by 2022 from $101.3 million in 2016, at a CAGR of 43.1%.
“Bare metal cloud is the perfect substitute to the traditional multi-tenant format, improving the efficiency and flexibility of the streamlined data flow. Moreover, organizations will shift their focus to the bare metal cloud to cut overhead cost, security and take the advantage of the single-tenant model,” said Preeti Wadhwani, Senior Research Analyst at Infoholic Research
If we analyze the market by types, the major share of the revenue comes from hardware segment followed by services and software. The growth in the hardware has led to the overall growth of the market revenue, with the storage market predicted to reach $1,554.1 million by 2022, at a CAGR of 43.9%.
As IT industry shows a robust route to development, there are definite chances that Market revenue across Hardware, Software and Services is destined to grow.
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Trends in overall market revenue of Bare Metal Cloud market looks decisively positive with $700 million in 2016 hoping to $3450 million by 2019. By 2022 it gives clear indication of a whooping number!
From $343.7 million in 2015, the hardware segment in Bare Metal Cloud will soar to $1,722.3 million by 2019. And our research says that will reach to a staggering height till 2022.