Bare Metal Cloud Demand in Telecommunication Industry to Increase at 23% CAGR through 2031

NEW YORK, Sept. 27, 2021 /PRNewswire/ -- As per a newly published report by Fact.MR, the global bare metal cloud market is poised to total US$ 12 Bn by the end of 2021. In response to the surging demand for cost-effective hosted services to achieve efficient performance and increasing application across different industry verticals, the market is anticipated to exhibit a year-on-year (YoY) growth of 25% in 2021.0020

The market registered growth at a CAGR of 24% from 2016 to 2020. Rapidly expanding information technology (IT) & service industry and proliferation of the work from home culture are propelling the demand for bare metal cloud management software solutions. Driven by this, the market is projected to exhibit a CAGR of 27% during the forecast period 2021-2031.

Since the last decade, rapid shift towards bare metal cloud from traditional hosting services is notices across diverse industries, especially in telecommunication and banking, financial, services, and insurance (BFSI) sector. This can be attributed to the growing need for secure storage facilities and streamlining data operations.

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The market also will gain from the rising demand for data security, effective service delivery, and standardized hardware platforms due to the integration of artificial intelligence (AI) across various industries.

As per Fact.MR, the telecommunication industry is expected to record the highest demand for bare metal cloud solutions. Driven by the increasing adoption of digital operations and surging demand for efficient storage of large data sets, the sales in the segment is estimated to rise at an impressive CAGR of 23% through 2031.

"Growing digitalization and extensive usage of advance technologies such as machine learning, internet of things (IoT), AI, and analytics across diverse industries are expected to facilitate growth in the market over the future course of time," says a Fact.MR analyst.

Key Takeaways from the Bare Metal Cloud Market Analysis

Key Drivers

Key Restraints

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Competitive Landscape

The top five vendors in the bare metal clouds market is estimated to account for nearly 35% of overall sales in the global market. Leading players are focusing on launching novel products to enhance their product portfolio. Some of the key vendors are aiming at engaging into strategic collaboration, merger, and acquisition of maintain their lead in the landscape. For instance,

Some of the leading players in the market profiled by Fact.MR are:

More Valuable Insights on Bare Metal Cloud Market

Fact.MR, in its new report, offers an unbiased analysis of the global bare metal cloud market, analyzing forecast statistics through 2021 and beyond. The survey reveals growth projections on in bare metal cloud market with detailed segmentation:

Key Questions Covered in the Bare Metal Cloud Market Report 

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