Global Bare Metal Cloud Market 2019-2023
About this market
The service-oriented architecture (SOA) provides IT frameworks for entities to manage their storage and network infrastructure with greater flexibility. It helps organizations implement bare metal cloud in a simplified way with less implementation time. With the growing market competition for innovative products and services, SMEs require IT frameworks to enhance the time-to-market of products and services. The SOA offered by vendors in the global bare metal cloud market allows enterprises to connect with their channel partners and stakeholders on an integrated platform. In addition, SOA provides loosely coupled architecture and design applications, services, and codes that can be reused. Loosely coupled architecture provided by bare metal cloud vendors ensures that the application running in a cloud environment does not intersect with other applications. Thus, the rising popularity of SOA is expected to fuel the adoption of bare metal cloud solutions during the forecast period. Technavio’s analysts have predicted that the bare metal cloud market will register a CAGR of over 37% by 2023.
Increasing adoption of new technologies
Organizations need strategic planning that is aligned with their operational strategy to provide innovative products and service offerings. Bare metal cloud helps organizations align their project management planning with their business objectives for innovations and sustainable development. Bare metal cloud helps enterprises in the strategic planning process and enhances resource allocation for project development across their venues in various places globally.
System integration and interoperability issues
The adoption of advanced technologies in several industry verticals, including BFSI, IT and telecom, healthcare, and media, is increasing significantly, which leads to system integration and interoperability issues in their current IT systems. Vendors must provide unified bare metal cloud solutions to manage cloud infrastructure that can be seamlessly integrated with the IT infrastructure of organizations.
For the detailed list of factors that will drive and challenge the growth of the bare metal cloud market during the 2019-2023, view our report.
The market appears to be moderately fragmented and with the presence of several vendors. This market research report will help clients identify new growth opportunities and design unique growth strategies by providing a comprehensive analysis of the market’s competitive landscape and offering information on the products offered by companies.
Technavio Announces the Publication of its Research Report – Global Bare Metal Cloud Market 2019-2023
Technavio recognizes the following companies as the key players in the global bare metal cloud market: CenturyLink, Dell Inc., IBM, Oracle, Rackspace, US Inc.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is the rise in adoption of hybrid bare metal cloud storage systems.”
According to the report, one of the major drivers for this market is the increasing online content with high Internet penetration.
Further, the report states that one of the major factors hindering the growth of this market is the stringent cloud data storage regulations.
Rackspace, US Inc.
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