At 19.2% CAGR, the Europe Bare Metal Cloud Market is Projected to be Worth US$ 7,564.33 Million by 2030, Says Business Market Insights

According to Business Market Insights research, the Europe bare metal cloud market was valued at US$ 1,856.54 in 2022 and is expected to reach US$ 7,564.33 million by 2030, registering a CAGR of 19.2% from 2022 to 2030. Rising adoption of cloud and low CAPEX and OPEX required for bare metal cloud infrastructure are among the critical factors attributed to the Europe bare metal cloud market expansion.

Enterprises are looking for service providers that can evolve with their changing demands without requiring them to make significant changes in the contract, IT environment, data center systems, and building systems. Enterprises require large amounts to invest in architecture, server management, upfront capital expenditure, energy cost, operations, IT staffing, hardware, and more to build cloud infrastructure. SMEs and large enterprises intend to save a lot of cost by renting a service to store their critical information rather than building their own infrastructure. Renting cloud and storage solutions helps enterprises avail services, data space, power, bandwidth, internet solutions, hardware services, and more, which benefits them and gives more return on investment (ROI) than personal cloud infrastructure.

Moreover, organizations need towards cloud infrastructure are increasing owning to benefits of clouds such as cost effectiveness, security, reliability, and others. Therefore, they are engaging themselves into various strategic decisions to enhance the adoption of cloud into their workflow.

Therefore, the advent of bare metal cloud services has created an opportunity for the several market players across various industries to enhance their flexibility, agility, speed, and resilience as a competitive advantage by cutting cost availing to cloud services. Thus, to cater their changing needs to grow their businesses, enterprise will opt for bare metals solutions which creates the opportunity for the bare metal cloud market growth.

On the contrary, complex infrastructure hampers the growth Europe bare metal cloud market.

Based on service type, the Europe bare metal cloud market is segmented into networking services, storage & database services, compute services, security services, and others. The storage & database services segment held 40.7% share of the Europe bare metal cloud market in 2022, amassing US$ 755.04 million. It is projected to garner US$ 2,996.57 million by 2030 to expand at 18.8% CAGR during 2022-2030.

In terms of enterprise size, the Europe bare metal cloud market is bifurcated into SMEs and large enterprises. The large enterprises segment held 69.6% share of the Europe bare metal cloud market in 2022, amassing US$ 1,291.41 million. It is projected to garner US$ 5,068.97 million by 2030 to expand at 18.6% CAGR during 2022-2030.

By application, the Europe bare metal cloud market is segmented into BFSI, manufacturing, government, retail, healthcare, IT & telecommunications, and others. The IT & telecommunications segment held 37.0% share of Europe bare metal cloud market in 2022, amassing US$ 687.14 million. It is projected to garner US$ 2,910.71 million by 2030 to expand at 19.8% CAGR during 2022-2030.

Based on country, the Europe bare metal cloud market is categorized into Germany, France, Italy, the UK, Russia, and the Rest of Europe. The UK held 26.1% share of Europe bare metal cloud market in 2022, amassing US$ 483.81 million. It is projected to garner US$ 2,138.43 million by 2030 to expand at 20.4% CAGR during 2022-2030.

Key players operating in the Europe bare metal cloud market are Bigstep Inc, Cyxtera Technologies Inc, Equinix Inc, International Business Machines Corp, Limestone Networks Inc, Lumen Technologies Inc, Oracle Corp, Rackspace Technology Inc, and Scaleway SAS, 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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