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]
Web: https://www.grandviewresearch.com
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Blockchain Press Releases
Bybit Partnered with University of Wollongong in Dubai to Host Exclusive Demo Trading Challenge
DUBAI, UAE, March 18, 2025 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, has partnered exclusively with the University of Wollongong in Dubai (UOWD) to host a Demo Trading Challenge & Workshop at UOWD campus. This initiative equipped students from Business Analysis, Finance, Accounting, and other business-related disciplines with practical trading knowledge, enhanced their understanding of cryptocurrency markets, and bridged the gap between academic theory and real-world trading strategies.
UOWD, the UAE’s first international Australian university, is recognized for its commitment to academic excellence and industry collaboration. Accredited by both the UAE Ministry of Education and Australia’s Tertiary Education Quality and Standards Agency (TEQSA), UOWD has played a key role in developing future business and finance leaders.
Bybit leveraged this collaboration to strengthen its ties with UOWD, increase brand visibility within the academic community, and introduce students to the Bybit trading ecosystem. Additionally, this initiative aligned with Bybit’s broader strategy to identify and recruit top-tier fresh graduates, expanding its talent pipeline in the region.
The workshop provided participants with hands-on experience using Bybit’s demo trading platform, allowing them to navigate market fluctuations in real time while learning key strategies from industry experts. The event culminated in a competitive trading challenge, where students applied their newly acquired knowledge in a dynamic, risk-free environment.
Attendees also gained insights from a lineup of distinguished speakers alongside Bybit’s senior product managers specializing in trading bots, copy trading, and demo trading. Their expertise gave students a deeper understanding of spot and contract trading processes, market data analysis, and risk management.
“At Bybit, we believe that financial literacy and hands-on experience are key to unlocking opportunities in the digital economy,” said Phoebe Peng, Head of Organization Development at Bybit. “Through this collaboration with UOWD, we empowered the next generation of professionals with the skills and knowledge needed to thrive in the evolving world of cryptocurrency trading.”
This partnership underscored Bybit’s dedication to fostering financial literacy and talent development within the digital asset ecosystem. Bybit continues to expand its engagement with educational institutions worldwide, creating opportunities for emerging professionals to explore the potential of Web3 and decentralized finance.
#Bybit / #TheCryptoArk
About Bybit
Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 60 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com.
For more details about Bybit, please visit Bybit Press
For media inquiries, please contact: [email protected]
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SHANGHAI, March 18, 2025 /PRNewswire/ — Cango Inc. (NYSE: CANG) (“Cango” or the “Company”), a leading Bitcoin mining company with an automotive transaction service in China, today announced that it has been included in the Bitwise Bitcoin Standard Corporations ETF (NYSE Arca: OWNB), launched by Bitwise Asset Management on March 11, 2025. The exchange-traded fund (ETF) tracks the Bitwise Bitcoin Standard Index, providing investors with exposure to forward-looking publicly traded corporations holding a minimum of 1,000 Bitcoins on their balance sheets.
“We are proud to be included in the recently launched Bitwise Bitcoin Standard Corporations ETF. Our inclusion highlights the industry’s acknowledgement of our strategic pivot to Bitcoin mining and significant achievements in such a short time,” said Mr. Jiayuan Lin, Chief Executive Officer of Cango. “As a forward-looking company, our future-ready business model ensures we are well-positioned for sustained growth, global expansion, and operational flexibility in the Bitcoin mining sector in 2025 and beyond.”
Since transitioning to a capital-light Bitcoin mining model in Q4 2024, Cango has achieved a number of milestones, including leading the industry in productivity per hash rate with 17.81 Bitcoin per EH/s and securing a hashrate of 32 EH/s, ranking 3rd globally.
About Cango Inc.
Cango Inc. (NYSE: CANG) primarily operates a leading Bitcoin mining business. Headquartered in Shanghai, China, Cango has deployed its mining operation across strategic locations including North America, Middle East, South America, and East Africa. Cango expanded into the crypto assets market in November 2024, driven by the development in blockchain technology, increasing prevalence of crypto assets and its endeavor to diversify its business. Meanwhile, Cango has continued to operate the automotive transaction service in China since 2010, aiming to make car purchases simple and enjoyable. For more information, please visit: www.cangoonline.com.
Safe Harbor Statement
This announcement contains forward-looking statements. These statements are made under the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates” and similar statements. Cango may also make written or oral forward-looking statements in its periodic reports to the SEC, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about Cango’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: Cango’s goal and strategies; Cango’s expansion plans; Cango’s future business development, financial condition and results of operations; Cango’s expectations regarding demand for, and market acceptance of, its solutions and services; Cango’s expectations regarding keeping and strengthening its relationships with dealers, financial institutions, car buyers and other platform participants; general economic and business conditions; and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks is included in Cango’s filings with the SEC. All information provided in this press release and in the attachments is as of the date of this press release, and Cango does not undertake any obligation to update any forward-looking statement, except as required under applicable law.
Investor Relations Contact
Yihe Liu
Cango Inc.
Tel: +86 21 3183 5088 ext.5581
Email: [email protected]
Helen Wu
Piacente Financial Communications
Tel: +86 10 6508 0677
Email: [email protected]
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Blockchain Press Releases
BingX Levels Up Trading Experience with CScalp’s Advanced Features & Fee Discounts
PANAMA CITY, Panama, March 18, 2025 /PRNewswire/ — BingX, a global leading cryptocurrency exchange, is excited to announce its integration with CScalp, a free and powerful trading terminal designed for active cryptocurrency and futures traders. This partnership aims to provide BingX users with advanced trading tools and a seamless trading experience across multiple exchanges.
CScalp is renowned for its robust features tailored for scalping and intraday trading. The platform allows traders to operate across multiple exchanges and trade different instruments within a single interface. Its user-friendly interface and comprehensive tools are optimized for quick market analysis, one-click order placement, and efficient position management.
With this integration, BingX users can now leverage CScalp’s capabilities to enhance their trading strategies. The platform’s features, such as multi-account management, stable connection, and customizable workspace, will enable users to execute trades more efficiently and effectively. BingX users can also benefit from discounts on exchange fees, access to trading signals, and an active trader community, fostering a more informed and cost-effective trading experience.
“We are thrilled to integrate BingX with CScalp, providing our users with a powerful tool to enhance their trading experience”, said Vivien Lin, Chief Product Officer of BingX. “This collaboration underscores our commitment to offering innovative solutions that cater to the diverse needs of our trading community.”
This integration not only benefits individual traders but also strengthens BingX’s position in the market by offering a more versatile and user-centric platform. By aligning with CScalp, BingX continues to demonstrate its dedication to providing cutting-edge tools and services that empower its users to navigate the dynamic cryptocurrency trading landscape with confidence.
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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