Blockchain Press Releases
Data Center As A Service Market to be Worth $461.44 Billion By 2030: Grand View Research, Inc.
SAN FRANCISCO, July 18, 2023 /PRNewswire/ — The global data center as a service market size is estimated to reach USD 461.44 billion by 2030, expanding at a CAGR of 25.1% from 2023 to 2030, according to a new study conducted by Grand View Research, Inc. The data center as a service (DCaaS) market growth can be attributed to the rising government support and higher spending by key players in the market. Further, the rising use of advanced technologies such as cloud, AI, IoT, and machine learning in data centers offer a wide array of benefits to organizations and is expected to drive the growth.
Key Industry Insights & Findings from the report:
- The storage segment is expected to register a CAGR of 28.0% from 2023 to 2030. The growing adoption of cloud platforms to reduce the complexity of the growing data sets and the proliferation of data centers are expected to drive the demand for system infrastructure storage software worldwide.
- The SMEs segment is anticipated to expand at a CAGR of 27.3% from 2023 to 2030. Data Center-as-a-Service (DCaaS) provides SMEs with a favorable option to cut down on their overhead costs by shifting their workloads to the cloud.
- The healthcare segment is anticipated to expand at a CAGR of 30.5% from 2023 to 2030. Continued advances in the medical field and the outbreak of the COVID-19 pandemic in particular are accelerating the adoption of data center as a service in the healthcare industry vertical.
- Asia Pacific is anticipated to expand at a CAGR of 30.2% from 2023 to 2030. The demand for data center development and infrastructure is growing in the region owing to the large data volumes generated by extensive telecom networks, large e-commerce customer base, and numerous service providers in the region, thereby resulting in high traffic flows in servers.
Read 130 page market research report, “Data Center As A Service Market Size, Share & Trends Analysis Report By Infrastructure (Servers, Storage, Networking), By Organization Size (SMEs, Large Enterprises), By Vertical, By Region, And Segment Forecasts, 2023 – 2030“, published by Grand View Research.
Data Center As A Service Market Growth & Trends
Governments across the globe are supporting the development of data centers to build energy-efficient and reliable data storage facilities. Furthermore, key players such as Amazon, IBM, Microsoft, and Equinix are making significant investments in the development of advanced data center facilities across the globe. For instance, in November 2022, Amazon Web Services, Inc. announced the launch of the AWS Europe (Spain) Region. This was the eighth AWS infrastructure Region in Europe these are the key factors expected to create lucrative opportunities for the data center as a service market over the forecast period.
Data Center service providers offer data center services on rent or lease to clients. The rapid shift of various end-use companies toward Data Center services instead of settling up expensive data centers is expected to boost the growth of the market over the forecast period. The increasing demand for Data Center solutions is encouraging various industry players to strengthen their Data Center as a service solutions portfolio to improve their brand representation. For instance, in July 2022, Data Holdings acquired Stack41 which provides data center management, cloud & virtual machines, cybersecurity, and other hosting services. The following acquisition is expected to help Data Holding in offering a group of fully outsourced data center services to the customers.
Data Center As A Service Market Report Scope
|
Report Attribute |
Details |
|
Market size value in 2023 |
USD 96.32 billion |
|
Revenue forecast in 2030 |
USD 461.44 billion |
|
Growth rate |
CAGR of 25.1% from 2023 to 2030 |
|
Base year for estimation |
2022 |
|
Historical data |
2018 – 2021 |
|
Forecast period |
2023 – 2030 |
Data Center As A Service Market Segmentation
Grand View Research has segmented the global data center as a service market based on infrastructure, organization size, vertical, and region:
Data Center As A Service Market – Infrastructure Outlook (Revenue, USD Billion, 2018 – 2030)
- Servers
- Storage
- Networking
Data Center As A Service Market – Organization Size Outlook (Revenue, USD Billion, 2018 – 2030)
- SMEs
- Large Enterprises
Data Center As A Service Market – Vertical Outlook (Revenue, USD Billion, 2018 – 2030)
- Retail
- BFSI
- IT & Telecom
- Healthcare
- Manufacturing
- Others
Data Center As A Service Market – Regional Outlook (Revenue, USD Billion, 2018 – 2030)
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Asia Pacific
- China
- India
- Japan
- South Korea
- Australia
- Latin America
- Brazil
- Mexico
- Argentina
- Middle East & Africa
- U.A.E
- Saudi Arabia
- South Africa
List of Key Players in the Data Center As A Service Market
- IBM Corporation
- Microsoft Corporation
- Hewlett Packard Enterprise Development LP
- Dell Inc.
- Alibaba
- AT & T
- Cloudian
- 365 Data Centers
- Digital Reality
- Cyxtera Technologies.
- Digital Ocean, LLC.
- Linode LLC.
- Equinix, Inc.
- Huawei
- Amazom.com, Inc.
Check out more related studies published by Grand View Research:
- Data Center Accelerator Market – The global data center accelerator market size is anticipated to reach USD 70.99 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to grow at a CAGR of 23.5% from 2022 to 2030. The demand for data center accelerators is likely to grow owing to increasing adoption of technologies such as AI, IoT, & big data analytics. The COVID-19 pandemic had a positive impact on the data center accelerator market. Factors such as increased corporate awareness of the advantages that cloud services can offer, increased board pressure to provide more secure & robust IT environments, as well as the establishment of local data centers contributed to the growth of data center accelerators. Demand for businesses that rely on digital infrastructure has increased, which has led to significant growth in demand for data center network services in many industries.
- Data Preparation Tools Market – The global data preparation tools market size is anticipated to reach USD 12.89 billion by 2028, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 18.6% from 2021 to 2028. Data preparation tools can help organizations augment their efficiency by ensuring easy access to data. The increasing demand for data analytics, particularly in the IT and retail sectors, is expected to drive the demand for data preparation tools.
- Data Classification Market – The global data classification market size is expected to reach USD 2.44 billion by 2025, expanding at a CAGR of 25.7% over the forecast period, according to a new report by Grand View Research, Inc. Increasing stringency on regulatory compliance, generation of large data volume, and the introduction of big data and machine learning technology are some of the major growth drivers for the market. Moreover, the data-driven decision-making for sales, rising product launch, and increasing number of enterprises are some of the factors providing impetus to the growth.
Browse through Grand View Research’s IT Services & Applications Research Reports.
About Grand View Research
Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc.
Phone: 1-415-349-0058
Toll Free: 1-888-202-9519
Email: [email protected]
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Blockchain Press Releases
MEXC Announces Listing of Hyperlane (HYPER) with a 165,000 HYPER and 50,000 USDT Prize Pool
VICTORIA, Seychelles, April 21, 2025 /PRNewswire/ — MEXC, a leading global cryptocurrency exchange, announced the Hyperlane (HYPER) listing on April 22, 2025(UTC).To celebrate this significant addition to the exchange, MEXC is launching a special event with a prize pool of 165,000 HYPER and 50,000 USDT for new and existing users.
Hyperlane is the first permissionless, universal interoperability protocol dedicated to building a truly open and decentralized cross-chain communication infrastructure. As “The Open Interoperability Framework,” it enables anyone to freely expand, utilize, and customize the network, allowing developers to easily and securely build cross-chain applications and token bridges. To date, Hyperlane has connected over 140 blockchains, processed nearly 9 million cross-chain messages, and bridged more than $6 billion in volume through its Warp Routes.
$HYPER is the native token of the Hyperlane ecosystem, with an initial total supply of 1 billion tokens. It plays a critical role in securing the protocol through staking, rewarding validators for verifying cross-chain messages, incentivizing user-driven activity, and enabling community governance over protocol development.
To celebrate the listing, MEXC will launch an Airdrop+ event with substantial rewards for users:
Event Period: April 21, 2025, 10:00 – May 01, 2025, 10:00 (UTC)
Benefit 1: Deposit and share 120,000 HYPER (New user exclusive)
Benefit 2: Spot Challenge — Trade to share 15,000 HYPER (For all users)
Benefit 3: Futures Challenge — Trade to share 50,000 USDT in Futures bonus (For all users)
Benefit 4: Invite new users and share 30,000 HYPER (For all users)
MEXC has established itself as a leading exchange by consistently offering users early access to high-potential crypto assets. In 2024 alone, the platform listed 2,376 new tokens, including 1,716 initial listings. According to the latest TokenInsight report, MEXC led the industry with 461 spot listings between November 1, 2024, and February 15, 2025. During this period, the exchange maintained a high listing frequency, consistently ranking among the top six platforms, demonstrating its agility in capturing emerging market trends. MEXC will continue to expand its asset offerings and help users seize timely opportunities in the fast-moving crypto market.
For full event details and participation rules, please visit here.
About MEXC
Founded in 2018, MEXC is committed to being “Your Easiest Way to Crypto.” Serving over 36 million users across 170+ countries, MEXC is known for its broad selection of trending tokens, everyday airdrop opportunities, and low trading fees. Our user-friendly platform is designed to support both new traders and experienced investors, offering secure and efficient access to digital assets. MEXC prioritizes simplicity and innovation, making crypto trading more accessible and rewarding.
MEXC Official Website｜ X ｜ Telegram ｜How to Sign Up on MEXC
Risk Disclaimer:
The information provided in this article regarding cryptocurrencies does not constitute investment advice. Given the highly volatile nature of the cryptocurrency market, investors are encouraged to carefully assess market fluctuations, the fundamentals of projects, and potential financial risks before making any trading decisions.
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Blockchain Press Releases
Introducing Clementine Bridge: Citrea Deploys First Complete BitVM Bridge Design on Testnet
Citrea’s Clementine Bridge marks the first time that a fully programmable layer is tested for settling on Bitcoin.
GEORGE TOWN, Cayman Islands, April 21, 2025 /PRNewswire/ — Citrea, the first ZK rollup to enhance capabilities of Bitcoin blockspace and enable Bitcoin applications (₿apps), has successfully deployed its Clementine Bridge, the first complete BitVM bridge design on Bitcoin Testnet. Citrea has also recently revealed Clementine’s whitepaper, marking the first real-world implementation of a BitVM-based bridge which extends BTC’s utility to decentralized finance in the most Bitcoin-secured and native way possible. With Clementine’s testnet deployment, Bitcoin is for the first time tested for optimistically verifying a fully programmable layer. The Clementine whitepaper is currently the only documentation of how to use BitVM in a bridge design with clear solutions toward a secure and efficient bridge implementation.
Despite being the world’s largest digital asset, BTC has struggled to build relevance in decentralized finance. A secure bridge between Bitcoin and a secondary layer has always been a bottleneck for using BTC in a programmable environment. This problem has forced users to either keep Bitcoin as a passive store of value or rely on custodians for using BTC in financial activities. Citrea’s BitVM-based Bitcoin bridge Clementine solves this by enabling the safest and most trust-minimized way to bridge BTC and extend its utility to decentralized finance.
Citrea’s Clementine bridge marks a historic moment for Bitcoin and a new beginning for BTC’s utility. “It felt like magic when we saw all the bridge components work smoothly in our internal tests and that any malicious act is stopped by a single honest actor,” said Ekrem Bal, Co-Creator of Citrea. “We’re now ready to test Clementine in a real Bitcoin Testnet environment and make it more battle-tested for Citrea mainnet.”
With the introduction of BitVM by a Bitcoin developer Robin Linus, verifying computations on Bitcoin and building Bitcoin-secured bridges became a possibility. Very soon after its introduction, Citrea team became a core contributor of BitVM and later a founding member of BitVM alliance, where BitVM’s fundamental technology of executing a fraud proof of a zero-knowledge (ZK) proof on Bitcoin was developed collaboratively. Although accomplishing a ZK proof verification on Bitcoin was a prerequisite, there were still critical problems to address to implement this fundamental technology securely and efficiently into a Bitcoin bridge design. A detailed breakdown of this can be found in Clementine’s whitepaper.
Clementine’s design and whitepaper introduce novel solutions to two main research topics in BitVM-based bridge implementation, namely Bitcoin chain fork selection and capital efficiency of operators. These topics have been critical to solve as they ensure both the bridge’s security and efficiency. Citrea’s Clementine bridge offers clear solutions to both of these problems:
- Bitcoin Chain Fork Selection: This is related to ensuring that the bridge follows the longest Bitcoin chain. It has been an open research topic where the BitVM creator introduced superblocks approach but its security was later found to be broken. Citrea introduces a new Bitcoin Light Client design that uses succinct Header Chain Proofs of Bitcoin. These proofs are aggregated by operators into a single BitVM proof.
- Capital Efficiency of Operators: This has been another limitation of implementing BitVM efficiently into a bridge design. With Citrea’s approach to non-standard Bitcoin transactions, operators can now process hundreds of withdrawals in parallel with a single collateral. Disproving only one withdrawal is enough to stop other malicious withdrawal processes.
Clementine’s design relies on zero-knowledge proofs, Bitcoin data availability, a novel Bitcoin Light Client design and BitVM. In the case of a malicious act, an honest watchtower provides a proof of the longest Bitcoin chain. Then the operator generates a proof verifying Citrea’s state, watchtowers’ challenges and payout for the withdrawal. If the operator is malicious, it won’t be able to generate such proof, resulting in slashing the operator. Clementine has three main bridge actors to ensure the system’s integrity:
- Signers enforce BitVM spendings by managing peg-ins through presign transactions
- Watchtowers are tasked with monitoring operators and challenging any malicious behavior by sending a proof of longest Bitcoin chain
- Operators, a group of profit-seeking entities, temporarily cover users’ withdrawals and are later reimbursed with presigned transactions.
Citrea: Bitcoin’s Application (₿app) Layer
Citrea extends Bitcoin’s utility without sacrificing its security. With zero-knowledge technology, Citrea enables Bitcoin to function as a fully programmable layer. With its Bitcoin bridge Clementine, Citrea offers the safest and most trust-minimized way to bridge BTC to a fully programmable secondary layer.
For the first time in its history, Bitcoin Network will be able to support diverse on-chain applications and its utility will be extended to decentralized finance.
Apply to Citrea’s unique incubation program ‘Citrea Origins‘ to build ₿apps.
For more information, please visit: Citrea website | Citrea X Account
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PANAMA CITY, April 21, 2025 /PRNewswire/ — BingX, a global leading cryptocurrency exchange, announces the listing of EPT, the native token for Balance.fun, for both spot trading and also on the BingX Xpool. The spot listing will commence on April 21 at 12:00 (UTC) while the Xpool launch will start on April 22 at 10:00 (UTC). BingX users can stake BTC and EPT in Xpool, though new users will have an additional option to stake USDT to win a bigger share of the reward pool that includes 2,000,000 EPT Points. The first 1000 new users who stake a minimum of 100 USDT will also be able to earn an additional bonus voucher worth 100 USDT.
EPT is the governance token of Balance, an AI-powered web3 experience infrastructure designed for the masses. This new digital asset will fuel the new Balance Platform to create an open and inclusive gaming ecosystem for both gamers and developers with fairness at its core. With the integration of AI and blockchain technology, games can be built and marketed more easily while allowing players to benefit from the enhanced and diversified gaming experience.
Users of the existing Epal platform can transfer their EPT tokens to BingX, enabling a reliable method to trade EPT or, alternatively, purchase EPT for governance purposes. Having a solid exchange to further explore the vast world of cryptocurrencies, this new listing further empowers both Epal and Balance users in the process.
Vivien Lin, Chief Product Officer of BingX, shared her thoughts on the new trading option and Xpool listing: “I think providing users with these new trading and early investment options is our responsibility as a responsible cryptocurrency exchange since some of our users rely on us to introduce such projects with such numerous functions across multiple subcategories”.
Visit bingx.com to join the Xpool starting April 22 and start trading EPT on spot from April 21. Whether you’re a gamer, builder, or crypto enthusiast, this is your chance to be part of a new decentralized chapter in entertainment.
About BingX
Founded in 2018, BingX is a leading crypto exchange, serving over 20 million users worldwide. BingX offers diversified products and services, including spot, derivatives, copy trading, and asset management – all designed for the evolving needs of users, from beginners to professionals. BingX is committed to providing a trustworthy platform that empowers users with innovative tools and features to elevate their trading proficiency. In 2024, BingX proudly became the official crypto exchange partner of Chelsea Football Club, marking an exciting debut in the world of sports.
For more information, please visit: https://bingx.com/
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