FACTS AT A GLANCE
Edition: 9; Released: May 2023
Executive Pool: 34184
Companies: 21 – Players covered include CenturyLink, Inc.; IBM Corporation; Internap Corporation; Oracle Corporation; Rackspace Hosting, Inc. and Others.
Coverage: All major geographies and key segments
Segments: Service (Compute Services, Networking Services, Database Services, Identity & Access Management Services, Volume & Object Storage Services, Professional Services, Managed Services); Vertical (Banking, Financial Services & Insurance, Government, IT and Telecommunication, Healthcare, Retail, Manufacturing, Other Verticals)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; and Rest of Europe); Asia-Pacific; Rest of World.
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ABSTRACT-
Global Bare Metal Cloud Market to Reach $14.8 Billion by 2026
Amid the COVID-19 crisis, the global market for Bare Metal Cloud estimated at US$2.1 Billion in the year 2020, is projected to reach a revised size of US$14.8 Billion by 2026, growing at a CAGR of 38% over the analysis period. Compute Services, one of the segments analyzed in the report, is projected to record a 40.9% CAGR and reach US$5.5 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Networking Services segment is readjusted to a revised 37.9% CAGR for the next 7-year period.
The U.S. Market is Estimated at $925.1 Million in 2023, While China is Forecast to Reach $2.5 Billion by 2026
The Bare Metal Cloud market in the U.S. is estimated at US$925.1 Million in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$2.5 Billion by the year 2026 trailing a CAGR of 36.5% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 34.8% and 32.2% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 26.2% CAGR.
Database Services Segment to Reach US$1.7 Billion by the year 2026
In the global Database Services segment, USA, Canada, Japan, China and Europe will drive the 34.6% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$223.2 Million in the year 2020 will reach a projected size of US$1.8 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. More
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