There’s no doubt that demand for cloud services is through the roof right now. By the end of 2023, Gartner predicted that the cloud market would grow by 20.4% to reach $678.8 billion in 2024, up from $563.6 billion the year before, and that certainly seems like an optimistic prediction if Hyve Managed Hosting’s experience is anything to go by.
Based in Brighton, UK, Hyve says it has experienced significant growth, with sales increasing 51% over the past three years.
This expansion is a result of the increasing demand for custom cloud services and has led to the company opening a new office in Austin, Texas, doubling its US customer base since the beginning of the year.
Looking forward
Charlotte Webb, Global Marketing and Operations Director at Hyve, said: “The US continues to prove itself to be a leader when it comes to considered cloud adoption, with the market already representing a large portion of our revenue.”
Hyve has also opened an office in Berlin, which Webb says will help the company “serve customers in the EU seamlessly and securely, with a particular focus on helping them comply with data sovereignty and data protection regulations.”
Webb had this to say about how the combination of AI and cloud computing directly benefits businesses: “The collaboration of AI & Machine Learning with cloud computing provides the ability to easily build and deploy accessible AI solutions at scale. Cloud already plays a huge role in digital transformation for businesses, and adding AI amplifies this debate. Cloud computing helps businesses be more agile and flexible, and provides cost benefits by hosting data and applications in the cloud. Adding AI generates insights from the data. It brings intelligence to existing capabilities. This results in a powerful and unique combination that can be leveraged as a competitive advantage.”
The company says it plans to double its US team in the next quarter and is exploring opportunities to expand in the Asia-Pacific region, with a focus on potential projects in Australia.