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Blockchain Press Releases

Industrial Cloud Platforms Revenue Will Exceed US$300 Billion by 2033 as Manufacturers Look to Effectively Utilize Data as a Resource

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NEW YORK, Aug. 16, 2023 /PRNewswire/ — Total industrial cloud platform revenue in manufacturing will surpass US$300 billion by 2033 with a CAGR of 22.57%, driven by solution providers enhancing platform operability while expanding partner ecosystems for application development. ABI Research, a global technology intelligence firm, found the cloud manufacturing market will grow over the next decade due to the adoption of new architectural frameworks that enhance data extraction and operability for manufacturers looking to maximize utility from their data.

“Historically, manufacturers have built out their infrastructure to include expensive data housing in the form of on-premises servers. The large initial upfront cost of purchasing, setting up, and maintaining these servers is a selling point for cloud manufacturing providers who beat them out in costs. With low data storage prices, manufacturers who make the switch to a cloud-based system can see up to 60% reduction in overhead costs relating to data storage,” explains James Iversen, Industrial & Manufacturing Technologies Industry Analyst at ABI Research. For manufacturers who have outsourced their data storage to an external data warehouse provider, other problems arise. According to Iversen, “External Data Warehouses are prone to data fragmentation and duplication, along with creating data siloes where critical datasets sit independent of one another, not collaborating to produce new KPIs. Cloud manufacturing providers are eliminating these concerns by interconnecting applications bi-directionally, leading to sharing and communication between applications and their data.”

In this report, ABI Research examined revenue, market share, application offerings, and recent updates of the hyperscalers AWS, Microsoft, and Google, along with other key industry players, Alibaba, IBM, SAP, Tencent, and Oracle, to complete a full analysis of the cloud manufacturing market. Looking at the position of the hyperscalers, AWS and Microsoft provide comparable offerings and together represent 2/3 of market revenue in 2022 together. “Both have comparable payment options, data pricing (Microsoft narrowly beats out AWS), and application offerings where AWS holds the advantage. AWS has slowly nudged away from Microsoft due to having an existing reputation as a dominant cloud service provider while also offering the most comprehensive suite of applications tailored to data ingestion, contextualization, and analysis. Google has been playing catch up to the other hyperscalers from a technological standpoint with their new updates (Data Engine and Connect Edge) already having counterparts at AWS and Microsoft, hindering their market share in comparison,” Iversen says.

New 2023 updates from AWS and Microsoft support this trend as comparable architectural structures “fabric” were released on their platforms for enhanced data connection, operability, and communication between applications. “Two key domains which are seeing significant investments are data packaging in the edge prior to uploading to the cloud and low/no code pipelines with reduced latency. Look to see Google, Alibaba, IBM, SAP, Tencent, and Oracle follow in step with these developments, advancing their solution offerings in these areas,” Iversen concludes. 

These findings are from ABI Research’s The Industrial Cloud: Data, Applications, and the Horsepower for the Modern Industrial Factory application analysis report. This report is part of the company’s Industrial and Manufacturing Technologies research service, which includes research, data, and ABI Insights. Based on extensive primary interviews, Application Analysis reports present in-depth analysis on key market trends and factors for a specific application, which could focus on an individual market or geography.

About ABI Research

ABI Research is a global technology intelligence firm delivering actionable research and strategic guidance to technology leaders, innovators, and decision makers around the world. Our research focuses on the transformative technologies that are dramatically reshaping industries, economies, and workforces today.

ABI Research是一家国际科技情报公司,为全球科技领袖、创新人士和决策者提供实用的市场研究和战略性指导。我们密切关注一切为各行各业、全球经济和劳动市场带来颠覆性变革的创新与技术。

For more information about ABI Research’s services, contact us at +1.516.624.2500 in the Americas, +44.203.326.0140 in Europe, +65.6592.0290 in Asia-Pacific, or visit www.abiresearch.com.

Contact Info

Global
Deborah Petrara
Tel: +1.516.624.2558
[email protected]

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Blockchain Press Releases

Bitget Wallet now supports the Blast Mainnet, pioneering full ecosystem support as a Web3 wallet

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VICTORIA, Seychelles, March 1, 2024 /PRNewswire/ — The globally leading Web3 trading wallet Bitget Wallet has now integrated support for the Blast Mainnet, making it the first all-in-one Web3 wallet for the Blast ecosystem. Users can effortlessly add and switch mainnets within the wallet with just one click, without the need for manual configuration. This integration enables users to manage, transfer, swap, and interact on one of the largest L2 launches in 2024.

Bitget Wallet has aggregated liquidity from mainstream DEXs within the Blast ecosystem, such as BlasterSwap and MonoSwap, into its Swap feature. This allows for mainnet token Swap transactions, providing users with convenient services for trading assets on the Blast blockchain.

During the Blast testnet phase, Bitget Wallet was among the first to offer support, unveiled a dedicated zone in its DApp page for Blast. This section featured over 40 elite projects from Blast’s Big Bang incentive program, enabling users to easily explore, interact, and potentially receive future airdrops in the Blast ecosystem. Following the launch of the Blast mainnet, Bitget Wallet plans to continue integrating popular projects from the Blast ecosystem, offering users extensive asset management features and a comprehensive ecosystem experience.

Bitget Wallet’s COO, Alvin Kan, highlights Blast as a Layer 2 solution with staking at its core, gaining market attention since launch. He says, “We’re committed to cutting-edge tech, lowering Web3 engagement barriers. Collaborating with quality mainnets like Blast, we aim to drive Web3 ecosystem growth.”

This week, Bitget Wallet engages with popular Blast ecosystem projects, exploring market traction, “Stake Layer 2” narrative, TVL enhancement strategies by staking and earning points, notable projects, and effective ways for users to participate in the Blast ecosystem upon mainnet launch. This provides users with valuable insights for meaningful ecosystem engagement.

Additionally, Bitget Wallet is organizing major events to support the Blast ecosystem, providing users with opportunities for discovering new assets.

About Bitget Wallet

Bitget Wallet stands as Asia’s largest and one of the world’s top non-custodial Web3 wallets, boasting over 19 million users globally. Featuring a comprehensive array of features including asset management, intelligent market data, swap functionality, launchpad, inscribing, DApp browsing, and more, Bitget Wallet promises users an unmatched multi-chain Web3 experience. Currently, Bitget Wallet supports over 100 blockchains, hundreds of EVM-compatible chains, and more than 250,000 cryptocurrencies. By aggregating liquidity across hundreds of leading DEXs and cross-chain bridges, Bitget Wallet is able to facilitate seamless and efficient trades on 40+ blockchains.

For more information, visit: Website | Twitter | Telegram | Discord

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Blockchain Press Releases

Cashback and Crypto: Bybit’s Monthly Bonanza

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DUBAI, UAE, March 1, 2024 /PRNewswire/ —Bybit, one of the world’s top three crypto exchanges by volume, now unveils March’s Fiat Cashback Splash for both fresh and seasoned users who make fiat deposits.

This effort celebrates both new and familiar faces within the Bybit fold. The “Fiat Cashback Splash” is part of Bybit’s pledge to be the world’s Crypto Ark, leading the way to the new financial system, and offering straightforward chances for anyone to get involved. Indeed, any crypto users, including newcomers, will be able to walk the crypto path with Bybit as a reliable ally.

“We aim to always offer more to our users, and the Fiat Cashback Splash is our latest move to improve their journey,” said Ben Zhou, Bybit’s co-founder and CEO. “The Fiat Cashback Splash is our way of saying thank you to our community, both old and new, for their trust and support.”

This event spans the first week of every month and any one of Bybit’s 20 million users who bring fiat to the table will see rewards. Newcomers putting down $100 through fiat or a single click buy will get up to $10 back on fees. Those already with Bybit, depositing $500 or more, will see $5 returned.

For the heavy hitters depositing over $5,000, Bybit adds a $30 Buy Crypto Coupon into the mix, widening the horizon for investment.

#Bybit / #TheCryptoArk

About Bybit

Bybit is a top-three cryptocurrency exchange by volume with 20 million users established in 2018. It offers 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.

For more details about Bybit, please visit Bybit Press.
For media inquiries, please contact: [email protected]
For more information, please visit: https://www.bybit.com
For updates, please follow: Bybit’s Communities and Social Media

Discord | Facebook | Instagram | LinkedIn | Reddit | Telegram | TikTok | X | Youtube

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Blockchain Press Releases

Bybit Card Now Supports Google Pay, Enhancing Assets Spending Convenience in EEA Region

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DUBAI, UAE, March 1, 2024 /PRNewswire/ — Bybit, one of the world’s top three crypto exchanges by volume, is thrilled to announce a significant advancement in its Bybit Card service, enhancing user convenience and accessibility. The integration of Google Pay now allows Bybit Card users in the European Economic Area (EEA) to seamlessly spend their assets with unprecedented ease and security.

Google Pay integration marks a major enhancement to the Bybit Card experience, enabling users to manage their finances and payments effortlessly. Effective immediately, Bybit Card holders can link their cards to Google Pay, empowering them to conduct secure, fast, and hassle-free transactions online, in-app, and in physical stores wherever Google Pay is accepted.

Key benefits of the Bybit Card integration with Google Pay include:

Seamless Integration: Bybit Card holders can easily link their cards to Google Pay for quick access to their assets.

Convenient Transactions: Users in the EEA can make secure and fast transactions online, in-app, and in stores, leveraging the widespread acceptance of Google Pay.

Enhanced Security: Google Pay’s advanced security features provide an additional layer of protection for Bybit Card transactions, giving users peace of mind.

Bybit remains committed to delivering innovative solutions that empower individuals to harness the full potential of cryptocurrencies in their everyday lives. The integration of Google Pay exemplifies Bybit’s dedication to enhancing user experience and expanding the utility of its products.

#Bybit / #TheCryptoArk

About Bybit

Bybit is one of the world’s top three crypto exchanges by volume with over 20 million users. Established in 2018, Bybit offers 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.

For more details about Bybit, please visit Bybit Press.
For media inquiries, please contact: [email protected]
For more information, please visit: https://www.bybit.com
For updates, please follow: Bybit’s Communities and Social Media

Discord | Facebook | Instagram | LinkedIn | Reddit | Telegram | TikTok | X | Youtube

Bybit Logo

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