At 18.2% CAGR, the North America Bare Metal Cloud Market is Projected to be Worth US$ 9,812.15 Million by 2030, Says Business Market Insights
According to Business Market Insights research, the North America bare metal cloud market was valued at US$ 2,570.39 in 2022 and is expected to reach US$ 9,812.15 million by 2030, registering a CAGR of 18.2% from 2022 to 2030. Rising demand for colocation services and low CAPEX and OPEX required for bare metal cloud infrastructure are among the critical factors attributed to the North America bare metal cloud market expansion.
Constructing data center involves huge capital investments, and ROI is comparatively low. Also, other expenses and efforts such as maintenance and service become a burden on enterprises. Small enterprises don't have enough budget or capital investments to construct a data center. Therefore, most of these enterprises are choosing colocation or cloud services to store their data. Moreover, the rising demand for colocation services is propelling the construction of mega data centers as they offer economies of scale. Therefore, many colocation service providers are expanding their businesses and launching new data centers across the world to cater to requirements of enterprises and businesses. Thus, it is anticipated that the colocation service products will increase in the coming years.
The data center market players are engaged in gaining profits by providing running bare-metal servers in colocation centers. The deployment of workloads on bare-metal servers is gaining traction among organizations to host a server in colocation facilities rather than on-premises due to several benefits offered by the colocation services. Due to the drawback of running applications on the virtual server where the performance of the system is flaky, bare-metal colocation service can solve this issue by allowing the organizations to deploy their workloads directly on physical servers, where GPUs can crunch large volumes of numbers quickly and enhance the system performance. Thus, increasing demand for colocation services will drive the bare metal cloud market growth in the coming years.
On the contrary, complex infrastructure hampers the growth North America bare metal cloud market.
Based on service type, the North America bare metal cloud market is segmented into networking services, storage & database services, compute services, security services, and others. The storage & database services segment held 41.9% share of the North America bare metal cloud market in 2022, amassing US$ 1,075.80 million. It is projected to garner US$ 4,005.44 million by 2030 to expand at 17.9% CAGR during 2022-2030.
In terms of enterprise size, the North America bare metal cloud market is bifurcated into SMEs and large enterprises. The large enterprises segment held 68.5% share of the North America bare metal cloud market in 2022, amassing US$ 1,761.24 million. It is projected to garner US$ 6,477.20 million by 2030 to expand at 17.7% CAGR during 2022-2030.
By application, the North America bare metal cloud market is segmented into BFSI, manufacturing, government, retail, healthcare, IT & telecommunications, and others. The IT & telecommunications segment held 36.2% share of North America bare metal cloud market in 2022, amassing US$ 931.22 million. It is projected to garner US$ 3,717.10 million by 2030 to expand at 18.9% CAGR during 2022-2030.
Based on country, the North America bare metal cloud market is categorized into the US, Canada, and Mexico. The US held 82.1% share of North America bare metal cloud market in 2022, amassing US$ 2,111.32 million. It is projected to garner US$ 8,036.15 million by 2030 to expand at 18.2% CAGR during 2022-2030.
Key players operating in the North America bare metal cloud market are Bigstep Inc, Cyxtera Technologies Inc, Equinix Inc, Internap Holding LLC, International Business Machines Corp, Limestone Networks Inc, Lumen Technologies Inc, Oracle Corp, and Rackspace Technology Inc, among others.
- In Feb 2023, IBM Cloud Bare Metal Servers for VPC was recognized as the 2022-2023 Cloud Awards winner in the Best Cloud Infrastructure category.
- In Aug 2023, Cyxtera Technologies, Inc. and Hewlett-Packard Development Company, L.P. collaborated to help customers accelerate and simplify their hybrid IT strategies. Cyxtera Technologies, Inc. is leveraging the HPE GreenLake edge-to-cloud platform to support Enterprise Bare Metal solution.
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