Latest news with #cloudServices
Reuters
3 days ago
- Business
- Reuters
Applied Digital and CoreWeave ink 15-year lease worth $7 billion
Applied Digital (APLD.O), opens new tab said on Monday it has entered into two 15-year leases with CoreWeave (CRWV.O), opens new tab, a specialized cloud services provider backed by Nvidia (NVDA.O), opens new tab, which will generate about $7 billion in revenue for the data center operator over the lease period. The deal could prove to be a major lifeline for Applied Digital, which has been facing challenges in the data center hosting sector as it transitions into a data center real estate investment trust. The company's shares surged by 17% in premarket trading following the lease announcement. "These leases solidify Applied Digital's position as an emerging provider of infrastructure critical to the next generation of artificial intelligence and high-performance computing,' CEO of Applied Digital, Wes Cummins, said in a statement. "Through these newly signed long-term leases with CoreWeave, we are taking a step forward in our strategic expansion into advanced compute infrastructure." The emergence of new cloud service providers, known as "neoclouds" like CoreWeave, focuses on renting Nvidia's highly sought-after chips to software developers. Leasing data center infrastructure from companies like Applied Digital helps reduce some of the financial burden of providing AI-centric cloud services. CoreWeave's shares were up close to 4%.
CNA
3 days ago
- Business
- CNA
Applied Digital and CoreWeave ink 15-year lease worth $7 billion
Applied Digital said on Monday it has entered into two 15-year leases with CoreWeave, a specialized cloud services provider backed by Nvidia, which will generate about $7 billion in revenue for the data center operator over the lease period. WHY IT'S IMPORTANT The deal could prove to be a major lifeline for Applied Digital, which has been facing challenges in the data center hosting sector as it transitions into a data center real estate investment trust. The company's shares surged by 17 per cent in premarket trading following the lease announcement. KEY QUOTES "These leases solidify Applied Digital's position as an emerging provider of infrastructure critical to the next generation of artificial intelligence and high-performance computing,' CEO of Applied Digital, Wes Cummins, said in a statement. "Through these newly signed long-term leases with CoreWeave, we are taking a step forward in our strategic expansion into advanced compute infrastructure." CONTEXT The emergence of new cloud service providers, known as "neoclouds" like CoreWeave, focuses on renting Nvidia's highly sought-after chips to software developers. Leasing data center infrastructure from companies like Applied Digital helps reduce some of the financial burden of providing AI-centric cloud services. CoreWeave's shares were up close to 4 per cent.
Yahoo
12-05-2025
- Business
- Yahoo
Analysis of 54 Existing and 13 Upcoming Data Center Facilities Across 7+ Locations in Hong Kong
Key drivers in the Hong Kong data center market include its strategic location, tech advancements in AI and cloud services. Tseung Kwan O leads as a data hub with major expansions. Power stability supports growth. Hong Kong Data Center Market Dublin, May 12, 2025 (GLOBE NEWSWIRE) -- The "Hong Kong Data Center Market - Investment Analysis & Growth Opportunities 2025-2030" report has been added to Hong Kong Data Center Market was valued at USD 3.20 billion in 2024, and is projected to reach USD 4.55 billion by 2030, rising at a CAGR of 6.04%. A mix of regional and international firms defines the Hong Kong data center market. Local investments in the Hong Kong data center market are driven by regional operators, such as SUNeVision Holdings (iAdvantage), AirTrunk, NTT DATA, BDx Data Centers, Digital Realty, Equinix, DayOne (GDS Services), Global Switch, Goodman, iTech Tower Data Centre Services, Vantage Data Centers, Telehouse, and others. In addition, the Hong Kong data center market has seen several new players emerge over the past few years. Notable entrants include ESR, TPG Angelo Gordon, and Mapletree. Several data center operators are planning significant investments across the Hong Kong data center market. For example, SUNeVision Holdings currently holds the top spot with an operational data center core & shell power capacity of 150 MW. The Hong Kong data center market has the presence of all the major global cloud providers including Microsoft, Amazon Web Services (AWS), Google, Alibaba, Huawei, and Tencent Cloud. The presence of all these cloud operators in the market highlights the growing significance of Hong Kong as a regional cloud hub. KEY HIGHLIGHTS Hong Kong's strategic location, comprehensive digital transformation initiatives, and robust infrastructure enhance its appeal as a data center hub. The region's focus on becoming a leader in artificial intelligence (AI) and cloud services also contributes to the growing demand for data center infrastructure. Tseung Kwan O, considered the primary data center hub in the Hong Kong data center market, is experiencing a surge in data centers, aiming at the expansion of cloud service providers in the Asia Pacific region. Other emerging locations include Kwai Chung, Fanling, Fo Tan, and other locations. In Hong Kong, data centers primarily rely on two major power utilities, CLP Power and Hong Kong Electric Company to ensure a stable and reliable electricity supply. These companies play a critical role in supporting the region's fast-growing digital infrastructure, including hyperscale and colocation data centers. Overall, the Hong Kong data center market presents exciting growth opportunities. Hong Kong can solidify its position as a leading data center hub in the APAC data center market by addressing land constraints, optimizing energy usage, and staying ahead of technological advancements. WHY SHOULD YOU BUY THIS RESEARCH? Market size available in the investment area, power capacity, and the Hong Kong colocation market revenue. An assessment of the data center investment in Hong Kong by colocation, hyperscale, and enterprise operators. The data center investments in the area (square feet) and power capacity (MW) across cities in the country. A detailed study of the existing Hong Kong data center market landscape, an in-depth market analysis, and insightful predictions about the Hong Kong data center market size during the forecast period. Snapshot of existing and upcoming third-party data center facilities in Hong Kong Facilities Covered (Existing): 54 Facilities Identified (Upcoming): 13 Coverage: 7+ Locations Existing vs. Upcoming (Data Center Area) Existing vs. Upcoming (IT Load Capacity) Data center colocation market in Hong Kong Colocation Market Revenue & Forecast (2021-2030) Wholesale vs. Retail Colocation Revenue (2021-2030) Retail Colocation Pricing Wholesale Colocation Pricing The Hong Kong data center landscape market investments are classified into IT, power, cooling, and general construction services with sizing and forecast. A comprehensive analysis of the latest trends, growth rate, potential opportunities, growth restraints, and prospects for the market. Business overview and product offerings of prominent IT infrastructure providers, construction contractors, support infrastructure providers, and investors operating in the market. A transparent research methodology and the analysis of the demand and supply aspects of the market. EXISTING VS. UPCOMING DATA CENTERS Existing Facilities in the Region (Area and Power Capacity) Tseung Kwan O Other Locations List of Upcoming Facilities in the Region (Area and Power Capacity) Tseung Kwan O Other Locations IT Infrastructure Providers Arista Networks Atos Cisco Dell Technologies Fujitsu Hewlett Packard Enterprise Huawei Technologies IBM Inspur Lenovo NetApp Data Center Construction Contractors & Sub-Contractors Arup AtkinsRealis Aurecon BYME Engineering Chung Hing Engineers Group Cundall DSCO Group Gammon Construction ISG Studio One Design Support Infrastructure Providers ABB Airedale Caterpillar Cummins Delta Electronics Eaton Fuji Electric Rehlko (Kohler) Legrand Mitsubishi Electric Piller Power Systems Rittal Schneider Electric Siemens STULZ Sumber Vertiv Data Center Investors AirTrunk BDx Data Centers CITIC Telecom International China Mobile International China Unicom Digital Realty Equinix DayOne Global Switch Goodman iTech Towers Data Centre Services NTT DATA SUNeVision Holdings Telehouse Towngas Telecom Vantage Data Centers New Entrants ESR TPG Angelo Gordon Mapletree Key Attributes: Report Attribute Details No. of Pages 108 Forecast Period 2024 - 2030 Estimated Market Value (USD) in 2024 $3.2 Billion Forecasted Market Value (USD) by 2030 $4.55 Billion Compound Annual Growth Rate 6.0% Regions Covered Hong Kong Key Topics Covered: 1. Existing & Upcoming Third-Party Data Centers in Hong Kong1.1. Historical Market Scenario1.2. 54 Unique Data Center Properties1.3. Data Center IT Load Capacity1.4. Data Center White Floor Area Space1.5. Existing vs Upcoming Data Center Capacity by Cities1.6. Locations Covered1.6.1. Tseung Kwan O1.6.2. Other Cities1.7. List of Upcoming Data Center Projects2. Investment Opportunities in Hong Kong2.1. Microeconomic and Macroeconomic Factors for Hong Kong Market2.2. Investment Opportunities in Hong Kong2.3. Digital Data in Hong Kong2.4. Investment by Area2.5. Investment by Power Capacity3. Data Center Colocation Market in Hong Kong3.1. Colocation Services Market in Hong Kong3.2. Retail vs Wholesale Data Center Colocation3.3. Navigating Digital Landscape in Hong Kong3.4. Retail vs Wholesale Colocation Pricing (Quarter Rack, Half Rack, Full Rack) & ADD-Ons4. Market Dynamics4.1. Market Enablers4.2. Market Trends4.3. Market Restraints5. Market Segmentation5.1. IT Infrastructure Segmentation5.2. Electrical Infrastructure Segmentation5.3. Mechanical Infrastructure Segmentation5.4. General Construction Services Segmentation6. Tier Standards Investment6.1. Tier I & II6.2. Tier III6.3. Tier IV7. Key Market Participants7.1. IT Infrastructure Providers7.2. Construction Contractors & Sub-Contractors7.3. Support Infrastructure Providers7.4. Data Center Investors7.5. New EntrantsFor more information about this report visit About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. Attachment Hong Kong Data Center Market CONTACT: CONTACT: Laura Wood,Senior Press Manager press@ For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
12-05-2025
- Business
- Yahoo
Speech-To-Text API Market to Reach $5 Billion by 2024 in the Short Term and $21 Billion by 2034 Globally, at 15.2% CAGR: Allied Market Research
The global speech-to-text API market is experiencing rapid growth due to rising demand for voice recognition technology in smart devices and cloud-based services. Businesses are adopting these solutions to enhance productivity, accessibility, and customer experiences, driving further expansion. WILMINGTON, Del. , May 12, 2025 /PRNewswire/ -- Allied Market Research published a report titled, "Speech-to-text API Market - Global Opportunity Analysis and Industry Forecast, 2024-2034," valued at $5 Billion in 2024. The market is expected to grow at a CAGR of 15.2% from 2025 to 2034, reaching $21 Billion by 2034. Key factors fueling this growth include the increasing adoption of AI-powered voice recognition, demand for real-time transcription in healthcare and legal sectors, and the rise of voice-enabled smart devices. In addition, advancements in natural language processing (NLP) and cloud-based solutions are accelerating market expansion. Report Overview: The speech-to-text API market is driven by the rising demand for voice-enabled applications in smart devices, virtual assistants, and customer service automation. Advancements in AI, machine learning, and NLP enhance accuracy, fueling adoption across healthcare, legal, and education sectors. The shift toward cloud-based solutions and the need for real-time transcription in multilingual environments further propel growth. In addition, increase in remote work trends and the push for accessibility compliance boost market expansion. However, high development costs and data privacy concerns hinder market growth, especially in regulated industries. Accuracy challenges with accents, background noise, and dialects limit adoption. Integration complexities with legacy systems and a lack of skilled professionals also pose barriers, slowing down implementation in some enterprises. Request Sample Pages: Key Segmentation Overview: The speech-to-text API market is segmented on the basis of component, enterprise size, application, industry vertical, and region. By Component: Software and Services. By Enterprise Size: Large Enterprise and SMEs. By Application: Contact Center And Customer Management, Content Transcription, Fraud Detection & Prevention, Risk & Compliance Management, Subtitle Generation, and Others. By Industry Vertical: BFSI, IT & Telecom, Healthcare, Retail & E-Commerce, Media & Entertainment, Education, Government & Defense, and Others. By Region: North America (U.S. and Canada) Europe (UK, Germany, France, Italy, Spain, and rest of Europe) Asia-Pacific (China, Japan, India, Australia, South Korea, and rest of Asia-Pacific) LAMEA (Latin America, Middle East, and Africa) Market Highlights By Component, the software segment dominated the market in 2024 and is expected to continue leading due to increasing demand for cloud-based, AI-powered transcription solutions and seamless API integrations across platforms. By Enterprise Size, the SMEs segment witnessed significant growth due to cost-effective, scalable speech-to-text solutions that enhance productivity, customer engagement, and compliance without heavy infrastructure investment. By Application, fraud detection and prevention is expected to register the highest growth, due to the rising need for real-time voice analytics, call monitoring, and AI-driven scam detection in financial and telecom sectors. By Industry Vertical, the education sector is expected to register the highest growth, due to the adoption of voice-enabled e-learning tools, lecture transcription, and accessibility features for students with disabilities. Report Coverage & Details: Report Coverage Details Forecast Period 2025–2034 Base Year 2024 Market Size in 2024 $5 Billion Market Size in 2034 $21 Billion CAGR 15.2 % Segments covered Component, Enterprise Size, Application, Industry Vertical, and Region Drivers Rise in need for voice-based devices Opportunities Innovation in speech-to-text solutions for disabled students Restraints Transcribing audio from multichannelMultilingual support for captioning and subtitling Enquiry Before Buying: Factors Affecting Market Growth & Opportunities: The global speech-to-text API market is experiencing rapid expansion, driven by several key factors. Increase in adoption of AI and ML has significantly enhanced transcription accuracy, making these solutions indispensable across industries such as healthcare, legal, and customer service. The proliferation of smart devices and voice-enabled applications, including virtual assistants, further fuels demand. In addition, the shift toward cloud-based solutions offers scalability and cost-efficiency, particularly for SMEs. The growing emphasis on accessibility and compliance with regulations also promotes market growth, as organizations seek inclusive communication tools. However, challenges such as data privacy concerns, integration complexities with legacy systems, and accuracy limitations with diverse accents & noisy environments restrain market potential. High development costs and a shortage of skilled professionals further hinder adoption. Despite these barriers, emerging opportunities in fraud detection, real-time analytics, and multilingual support present significant growth avenues. The education sector, in particular, offers untapped potential with the rise of e-learning and voice-enabled educational tools. As NLP and deep learning technologies advance, the market is poised for further innovation, creating opportunities for vendors to develop specialized, industry-specific solutions. Regulatory Landscape & Compliance: The speech-to-text API market is significantly influenced by evolving data privacy and security regulations, such as GDPR (Europe), CCPA (California), and HIPAA (healthcare sector), which mandate strict handling of voice data. Compliance with these laws is critical, as APIs often process sensitive personal and financial information. Providers must implement end-to-end encryption, anonymization techniques, and secure storage to meet regulatory standards. In addition, industry-specific regulations—such as PCI-DSS for payment processing and FERPA in education, impact deployment, requiring tailored solutions. The rise of AI ethics guidelines also affects development, ensuring transparency and bias mitigation in speech recognition algorithms. Non-compliance risks hefty fines and reputational damage, pushing vendors to adopt auditable, privacy-by-design frameworks. Meanwhile, regions with laxer data laws have see faster adoption but face future regulatory tightening. Overall, adherence to compliance standards remains a key competitive differentiator in this rapidly growing market. Technological Innovations & Future Trends: AI-Powered Real-Time Transcription: Startups and tech giants are leveraging deep learning and neural networks to deliver ultra-accurate, low-latency speech-to-text solutions. For example, Deepgram uses end-to-end AI for enterprise-grade transcription, while offers real-time APIs for developer integrations. Edge Computing & On-Device Processing: Companies like Sonantic (acquired by NVIDIA) and Picovoice are enabling offline speech recognition for privacy-sensitive applications, reducing reliance on cloud infrastructure. Multilingual & Dialect Adaptation: Innovations in self-supervised learning allow APIs to support underrepresented languages and dialects. Platforms like Speechmatics and Google's Chirp are expanding access for non-English speakers. Voice Analytics for Fraud Prevention: Fintech and call-center industries are adopting speech-to-text APIs with emotion/sentiment analysis to detect scams, monitor compliance, and enhance customer interactions. Buy this Complete Report (422 Pages PDF with Insights, Charts, Tables, and Figures) at: Regional Insights The Asia-Pacific region emerged as the dominant force in the speech-to-text API market, primarily due to its massive smartphone user base and rapid digital transformation across key economies. Countries like China, India, and Japan drove growth through widespread adoption of AI-powered voice assistants and smart devices. Government initiatives promoting digital infrastructure and smart city projects further accelerated market expansion. The region's thriving e-commerce sector and booming BPO industry created substantial demand for real-time transcription services. Latin America is poised for explosive growth in the speech-to-text API market, fueled by increasing digitalization across multiple sectors. Brazil and Mexico are leading this charge, with growing adoption in fintech, telehealth, and customer service applications. The region's unique linguistic needs are driving demand for sophisticated Spanish and Portuguese language processing capabilities. Rising smartphone penetration and improved internet infrastructure are making cloud-based voice solutions more accessible. Key Players: Major players in the speech-to-text API market include Amazon Web Services, Inc., IBM Corporation, Google LLC, VoiceCloud, Descript, Microsoft, Voicebase, Inc., Amberscript Global B.V., Speechmatics, TurboScribe, Apple, Inc., Deepgram Inc., AssemblyAI, Inc., Twilio Inc., and Trint. These companies are focusing on expanding their service offerings, strategic partnerships, and enhancing digital accessibility, customer outreach, and financial inclusion in the speech-to-text API industry. If you have any questions, please feel free to contact our analyst at: Key Strategies Adopted by Competitors In August 2023, Descript acquired SquadCast, a move that enhances Descript's capabilities by integrating reliable remote recording directly into its platform. This acquisition allows Descript users to access SquadCast's remote recording features for free, making it easier to record, edit, and publish audio and video content all in one place. The integration aims to streamline the workflow for podcasters and content creators, offering high-quality recordings even if internet connections are unstable. In April 2025, Trint launched Trint Live, an innovative feature that offers real-time speech-to-text transcription. It allows users to capture and transcribe live conversations, meetings, and events seamlessly across both desktop and mobile devices. Trint Live supports over 30 languages and can automatically detect and transcribe the spoken language, making it a powerful tool for breaking down language barriers. This feature is designed to enhance productivity by providing immediate access to editable transcripts, which can be shared and collaborated on in real-time. In March 2025, Twilio partnered with Cedar to enhance patient billing experiences using AI-powered solutions. This partnership leverages Twilio's scalable communications technology to streamline patient interactions and improve accessibility. Cedar utilizes Twilio's SMS capabilities for bill notifications and appointment reminders and integrates Twilio's Voice API for secure phone payments. In addition, Twilio's ConversationRelay service will enable AI-powered voice agents to handle patient billing inquiries, reducing wait times and improving satisfaction. AVENUE- A Subscription-Based Library (Premium on-demand, subscription-based pricing model): AMR introduces its online premium subscription-based library Avenue, designed specifically to offer cost-effective, one-stop solution for enterprises, investors, and universities. With Avenue, subscribers can avail an entire repository of reports on more than 2,000 niche industries and more than 12,000 company profiles. Moreover, users can get an online access to quantitative and qualitative data in PDF and Excel formats along with analyst support, customization, and updated versions of reports. Get an access to the library of reports at any time from any device and anywhere. For more details, follow the link: About us: Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Wilmington, Delaware. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain. Contact:David Correa1209 Orange Street,Corporation Trust Center,Wilmington, New Castle,Delaware 19801 +1-503-894-6022Toll Free: +1-800-792-5285UK: +44-845-528-1300India (Pune): +91-20-66346060Fax: +1-800-792-5285help@ Logo: View original content: SOURCE Allied Market Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
