As the internet grows, along with the number of internet users, storage capabilities must also expand to accommodate the additional data. Big data, artificial intelligence, data analytics, and high-performance computing have created an additional need for storage, processing power, and scalability. Bare metal cloud has risen to meet this need without overextending budgets. The bare metal cloud market report constitutes these changes as well as what we can expect from the industry in the future.
What is bare metal cloud hosting?
Bare metal cloud is a method of hosting that uses a combination of traditional hosting and virtualized cloud Infrastructure as a Service (IaaS). The blend of two hosting options creates an on-demand capacity along with a pay-as-you-go model to an extent. While bare metal cloud is not virtualized, it can still be delivered via a cloud-like service model. Small, medium, and large enterprise businesses choose bare metal cloud hosting for the flexibility it offers as well as the price.
Bare metal cloud hosting market report
Mordor Intelligence Experts estimate that the bare metal cloud hosting industry will expand by a 35% compound annual growth rate by 2024. The fastest-growing sector, as well as the largest market, is in North America, including both the US and Canada.
According to the report, “The North American region has a significant dominance with sustainable and well-established economies, empowering them to actively invest in the R&D activities, and thereby contributing to the development of new technologies, such as Internet of Things (IoT), big data, mobility, DevOps, and social media.”
Security and Risk Assessment
Cyberattacks, whether malicious infiltration or data theft, are top concerns for businesses. The most prolific concerns are security, encryption, risk management, and storage backups. Industries using bare metal cloud include startups and small businesses, healthcare, banking, finance, medical, technology, and high-computing situations including science and academia. These sophisticated models require reliability, redundancy, growth-availability, and secure, optimized connections.
The industry report states that “ financial firms heavily rely on technology and data, in all aspects of their business. In areas, such as risk analytics, derivatives pricing, quantitative modeling, portfolio optimization, and bank stress-testing, the use of high-performance computing (HPC) for a quick performance of complex calculations on large data sets is becoming increasingly prevalent.”
Designing your IaaS
100TB has the expert services and support necessary to create the infrastructure your business needs. Configure the optimal hosting solution for your needs in record time. Whether you need five or five hundred servers to support your virtualized hosting setup, we can provision your order in far less time than the competitor. Our 29 data centers are located close to major internet exchanges to keep your connections fast and your data secure.