Blockchain Press Releases
Hyperscale Computing Market worth $109.2 billion by 2028 – Exclusive Report by MarketsandMarkets™
CHICAGO, Aug. 3, 2023 /PRNewswire/ — Growth, technological progress, edge computing, AI adoption, improved security, sustainability initiatives, and potential research into quantum computing, along with the emergence of hybrid and multi-cloud strategies and industry-specific solutions, will characterise the future of the Hyperscale Computing Market.
The Hyperscale Computing Market size is expected to grow from USD 40.9 billion in 2023 to USD 109.2 billion by 2028 at a compound annual growth rate (CAGR) of 21.7% during the forecast period, according to a new report by MarketsandMarkets™. Hyperscale computing has emerged as a game-changer in the digital era, revolutionizing the way businesses scale their computing resources. With its ability to provide scalable, flexible, and cost-effective infrastructure, the Hyperscale Computing Market is experiencing significant growth and transforming industries across the globe. In today’s data-driven world, businesses generate vast amounts of data, and traditional IT infrastructures often struggle to handle the increasing workload. Hyperscale computing offers a solution by enabling organizations to scale their computing resources dynamically and on demand. Whether handling sudden spikes in user traffic or accommodating rapid business growth, hyperscale computing empowers businesses with the agility to adapt swiftly to changing demands.
Browse in-depth TOC on “Hyperscale Computing Market“
300 – Tables
100 – Figures
275 – Pages
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Scope of the Report
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Report Metrics |
Details |
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Market size available for years |
2018–2028 |
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Base year considered |
2022 |
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Forecast period |
2023–2028 |
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Forecast units |
Value (USD Million/Billion) |
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Segments Covered |
Offering, Application, Vertical, and Region |
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Geographies Covered |
North America, Europe, Asia Pacific, Middle East and Africa, and Latin America |
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Companies Covered |
Some of the significant Hyperscale Computing Market vendors are AWS (US), Google (US), Microsoft Corporation (US), IBM Corporation (US), Oracle Corporation (US), HPE (US), Alibaba Cloud (China), Tencent Cloud (China), Salesforce (US), Huawei (China), Viavi Solutions (US), Broadcom (US), AFL Hyperscale (US), OVHcloud (France), Iron Mountain (US), DigitalOcean (US), Rackspace (US), NTT Communications (Japan), and Digital Reality (US). |
Moreover, hyperscale computing offers the ability to process and analyze vast volumes of data; organizations can unlock valuable insights, drive data-driven decision-making, and foster innovation. Industries such as retail and e-commerce, finance, healthcare, and manufacturing leverage hyperscale computing to optimize operations, enhance customer experiences, and gain a competitive edge. The scalability and performance offered by hyperscale computing open doors to advanced technologies such as artificial intelligence, machine learning, and big data analytics, driving transformative changes in various sectors.
By offering, the services segment is expected to capture the highest CAGR during the forecast period.
The Hyperscale Computing Market by offering, includes solutions and services. The Hyperscale Computing Market covers various services, including consulting, integration and implementation, and training, support, and maintenance. Service providers in the Hyperscale Computing Market offer consulting services to help organizations assess their requirements, define their infrastructure strategy, and develop a roadmap for hyperscale adoption. It assists in designing and architecting the infrastructure to ensure scalability, performance, and reliability. The implementation and setup of software and networking components are all included in integration and implementation services, assuring resource use and seamless integration. This comprises activities such as network configuration, virtualization, and workload movement. To reduce downtime and disruptions, service providers also provide support services such as technical help, problem-solving, and issue resolution. They help resolve potential network problems, hardware or software breakdowns, and other operational difficulties.
Based on application, the cloud computing segment is expected to account for the largest market share during the forecast period.
The Hyperscale Computing Market, by application, is segmented into cloud computing, big data, IoT, and other applications. It is expected that during the forecast period, the cloud computing segment is estimated to account for the largest market size and share in the Hyperscale Computing Market. Hyperscale computing allows cloud providers to scale their infrastructure rapidly and seamlessly. By utilizing hyperscale architectures, cloud providers can add and remove computing resources on-demand, matching their users’ dynamic needs, and enabling cloud providers to provision resources flexibly and granularly. With hyperscale architectures, cloud providers can allocate compute, storage, and networking resources in a highly dynamic and efficient manner, ensuring optimal utilization and cost-effectiveness. Users can easily scale up or down their resource allocations based on their needs, paying only for their consumption. This scalability ensures that cloud services can handle fluctuating workloads efficiently, providing high performance and availability.
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Moreover, hyperscale computing enables the automation and orchestration of cloud resources and services. Cloud providers can leverage hyperscale architectures to automate resource provisioning, deployment, and management processes. This automation streamlines operations, reduces manual intervention, and improves the efficiency of cloud service delivery.
North America is projected to hold the largest market share during the forecast period.
The Hyperscale Computing Market by region has been segmented into North America, Europe, Asia Pacific, the Middle East and Africa, and Latin America. As per region, North America is estimated to account for the largest market share in the global Hyperscale Computing Market in 2023, and this trend is expected to continue during the forecast period. The Hyperscale Computing Market in North America has been studied for countries including the US and Canada. The adoption of the hyperscale computing solution is expected to be the highest in North America compared to other regions. The rising need for cloud services, big data analytics, artificial intelligence, and other data-intensive applications has led to tremendous growth in hyperscale computing in North America in recent years. The development and expansion of hyperscale infrastructure by the “Big Three” cloud providers, including Amazon Web Services (AWS), Microsoft Azure, and Google Cloud Platform (GCP), have further fuelled the market growth in the region. These businesses run sizable data centers all over the region to provide their consumers with cloud services.
Top Key Companies in Hyperscale Computing Market:
Some of the significant Hyperscale Computing Market vendors are AWS (US), Google (US), Microsoft Corporation (US), IBM Corporation (US), Oracle Corporation (US), HPE (US), Alibaba Cloud (China), Tencent Cloud (China), Salesforce (US), Huawei (China), Viavi Solutions (US), Broadcom (US), AFL Hyperscale (US), OVHcloud (France), Iron Mountain (US), DigitalOcean (US), Rackspace (US), NTT Communications (Japan), and Digital Reality (US).
Recent developments:
- In June 2023, Oracle Cloud Infrastructure (OCI) announced the availability of new compute instances based on the 4th Generation AMD EPYC processors. These instances leverage the advanced features and performance capabilities of the AMD EPYC processors to deliver enhanced computing power, efficiency, and security for workloads running on the Oracle Cloud.
- In March 2023, AWS and Nvidia collaborated to develop next-generation infrastructure to support the training of large machine learning (ML) models and the creation of generative AI applications. This collaboration combines AWS’s expertise in cloud computing with Nvidia’s industry-leading GPU technology. The collaboration aims to address the growing demand for computational power and specialized hardware required for training increasingly large and complex ML models.
- In July 2022, AWS to expand its portfolio included memory-optimized Amazon EC2 R6a instances featuring AMD EPYC (Milan) processors 10 percent less expensive than comparable x86 instances. High-performance computing and video processing workloads, which benefit from decreased network latency and highly scalable inter-node communication, are supported by Elastic Fabric Adapter (EFA) on R6a instances, which are built on the AWS Nitro System.
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Hyperscale Computing Market Advantages:
- By using hyperscale computing, enterprises may dynamically and on-demand scale their IT infrastructure. As a result, they are able to easily modify their computer resources to handle a variety of workloads, assuring the best performance and financial effectiveness.
- Businesses can take advantage of economies of scale by utilising cloud-based hyperscale data centres, which lowers capital expenditures for hardware and maintenance. When compared to conventional on-premises data centres, it is a more affordable option because they just pay for the resources they utilise.
- High availability and data resilience are ensured by the redundancy and failover technologies used in hyperscale data centres. By reducing the chance of downtime and data loss, this creates a dependable computing environment.
- Businesses may serve clients and users globally with reduced latency and a better user experience thanks to the data centres that hyperscale computing providers have spread out across several regions.
- Businesses can choose from a variety of services, including virtual machines, storage, databases, and AI/ML capabilities, with the flexibility of hyperscale computing. As a result, they can modify their IT infrastructure to meet their unique requirements.
- To protect customer data, hyperscale data centres make significant investments in security safeguards and compliance requirements. They use cutting-edge security procedures, encryption, and monitoring to protect against online dangers.
- With the help of cutting-edge cooling technologies and renewable energy sources, many hyperscale data centres are built to be energy-efficient. By doing this, the carbon footprint is decreased, and environmental sustainability objectives are met.
- Through self-service interfaces, businesses may swiftly deploy and provision computer resources in a matter of minutes, reducing the time needed to set up and configure new systems.
Report Objectives
- To define, describe, and forecast the Hyperscale Computing Market by offerings (solution and services), application, vertical, and region
- To provide detailed information about the major factors (drivers, restraints, opportunities, and industry-specific challenges) influencing the growth of the Hyperscale Computing Market
- To analyze the market with respect to individual growth trends, prospects, and contributions to the overall market
- To forecast the market size of five main regions: North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and Latin America
- To analyze the opportunities in the market for stakeholders by identifying the high-growth segments of the market
- To profile the key players in the market and comprehensively analyze their core competencies in each subsegment
- To analyze the competitive developments, such as partnerships, acquisitions, and product/solution launches and enhancements, in the Hyperscale Computing Market
- To analyze the impact of the recession on the global Hyperscale Computing Market
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The new, fully self-owned facility enhances Compass’s capacity and offers customers greater choice for machine deployment
WILMINGTON, Del., Nov. 19, 2024 /PRNewswire/ — Compass Mining (“Compass” or the “Company”), a leading provider of Bitcoin mining hardware, hosting, and services, today announced its acquisition of property and power agreements to establish a state-of-the-art mining facility in Iowa. Construction is already underway on the expandable facility, with an initial 8 megawatts (MW) scheduled for energization in January 2025 and plans for expansion up to 30 MW as Compass pursues additional infrastructure investments.
Located on a 5-acre greenfield site, the new Iowa facility marks a significant step in the Company’s growth strategy, increasing its self-owned infrastructure portfolio. With an Electric Service Agreement (ESA) in place, Compass is on track to energize 8 MW of capacity by January 2025. Once operational, Compass customers will have the option to select “Iowa 4″ as the deployment location for new machines purchased through Compass’s platform.
Compass Mining has traditionally partnered with third-party facilities but is actively working to reduce counterparty risk through ownership of its own sites, such as the new Iowa facility, which is both self-owned and self-operated. This ownership model allows Compass to strengthen control over its operations and offer enhanced flexibility to customers.
“This new site marks an important milestone,” said Shanon Squires, Chief Mining Officer of Compass Mining. “By increasing our self-owned capacity, we can provide our customers greater operational control. At the same time, our partnerships with reliable third-party facilities provide our customers greater deployment flexibility, reflecting both power market dynamics and geographic diversity.”
The Iowa facility builds on Compass’s broader U.S. expansion, following the successful energization of facilities across Kentucky (10 MW) and Nebraska (7.5 MW) earlier this year. In 2024 alone, Compass has energized nearly 50 MW of new power capacity across Indiana, Iowa, Ohio, Kentucky, Nebraska, and Texas, with an additional 20 MW planned by January 2025.
About Compass Mining
Compass Mining is a customer-first company that provides a platform for individuals and businesses to purchase Bitcoin mining hardware, host machines, build and manage mining facilities, and access a range of ancillary services. With a commitment to exceptional customer support and transparency, Compass Mining sets the benchmark for bitcoin mining hosting. Its mission is to make Bitcoin mining accessible to everyone. To learn more about Compass Mining or to start mining today, visit compassmining.io.
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Blockchain Press Releases
Ethiopia-Exclusive: Bybit Livens up P2P Marketplace with 12,000 USDT in Rewards
DUBAI, UAE, Nov. 18, 2024 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, is pleased to announce an Ethiopia-only limited time offer for Bybit P2P users. From now to Dec. 5, eligible makers and users on Bybit P2P can choose a special rewards track while capturing opportunities in P2P trading.
Registration is required for all three events:
1. Merchant-exclusive Event
On Bybit P2P, users may enter the P2P Maker Battle for a share of a 2,000 USDT prize pool. Merchants may get a share of the prize pool by placing a sell ad in the Ethiopian Birr (ETB) on the Bybit P2P marketplace, inviting others to buy USDT.
The prize pool will be divided by the top 10 merchants who trade with the largest number of unique users, and complete a minimum trading volume of 5,000 USDT and minimum number of 50 unique buyers. To qualify, the Merchant must register and submit their UIDs using this form.
2. Cashback Event: Up to 2% for Existing Users
All buyers have a chance at an easy win from another 8,000 USDT prize pool. Existing P2P users may simply trade to reach a minimum of 500 USDT in trading volume to unlock 2% cashback, up to 10 USDT per user.
3. Sharers Get More
Users have another way to access a 2,000 USDT prize pool by using the “share” button to spread the word about their ETB journey on Bybit P2P. The top 10 participants with the highest views will get to tell their stories and take home the rewards. Interested users may use this form to submit their work.
P2P trading is an organic part of the crypto market and an indispensable tool for improving financial inclusion and interconnectivity between community members. Bybit P2P provides a secure and user-friendly peer-to-peer trading solution, enabling users to seamlessly trade among themselves at zero fees.
Bybit offers resources about posting trades on Bybit P2P, and Ethiopian users may visit here for more.
#Bybit / #TheCryptoArk
About Bybit
Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving over 50 million users. Established in 2018, Bybit provides a professional platform where crypto investors and traders can find an ultra-fast matching engine, 24/7 customer service, and multilingual community support. Bybit is a proud partner of Formula One’s reigning Constructors’ and Drivers’ champions: the Oracle Red Bull Racing team.
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The European Union’s landmark MiCA regulation is set to transform the crypto industry, establishing stringent standards that many current Virtual Asset Service Providers may find challenging to meet. As MiCA compliance becomes the standard for operating within the European Economic Area, crypto exchanges and asset companies must take prompt action to align their operations with these comprehensive regulations.
To support businesses in navigating this significant transition, an exclusive webinar “Adapt or Die: The Urgent Shift from VASP to MiCA” will be held on Tuesday, November 19th, 2024, at 5:00 PM (CET) time.
This session is designed to provide industry professionals with practical insights and strategies to ensure their software and operations comply with MiCA standards.
Key highlights of the webinar include:
● Detailed analysis of MiCA regulations and their implications for the crypto sector.
● Actionable steps for software adaptation to achieve MiCA compliance.
● Case study feature: How Kyrrex achieved MiCA readiness using solutions from Simplify Labs.
● Practical tools for Anti-Money Laundering, Know Your Customer processes, cybersecurity, and transaction monitoring.
The webinar will be useful for CEOs, COOs, Compliance Officers, Regulatory and Legal Professionals, Tech Managers, and Investors looking to enter or expand within the EEA market. Attendees will gain the knowledge and tools necessary to adapt and thrive under the new MiCA regulatory framework.
Featured speakers:
Vadim Rozov, CEO at Simplify Labs, brings over 20 years of management and software development experience. Under his leadership, the company is dedicated to simplifying crypto and blockchain technology, making it accessible for non-technical founders and management teams.
Kevin Plumpton, CEO at Kyrrex, is a warranted advocate with extensive expertise in finance, business, property, and international law. He specializes in corporate governance, risk, and compliance legislation, and is a prominent figure in the Anti-Money Laundering and Counter Financing of Terrorism fields. He is recognized for developing innovative KYC and due diligence platforms utilized by leading organizations.
“The crypto industry is at a critical juncture where understanding and adhering to MiCA regulations is essential for continued growth and market access,” said Kevin Plumpton, CEO at Kyrrex. “Events like these are vital for bringing together industry leaders to share knowledge and best practices, ensuring businesses can adapt effectively and sustain their operations.”
Franklin Cachia, Executive Director at CSB Group, is an accomplished professional who advises clients on taxation, financial services, AML compliance, and corporate law, among other areas. His broad expertise also encompasses gaming, GDPR, and property law.
The post Adapt or Die: The Urgent Shift from VASP to MiCA appeared first on .
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