Connect with us

Technology

Omdia: AWS dominated $57 billion global cloud storage services market in 2023

Published

on

LONDON, June 17, 2024 /PRNewswire/ — The latest analysis from Omdia has found that the global cloud storage services market generated $57 billion, in directly billed revenue in 2023. Amazon Web Services (AWS) led the market with a commanding 30% share of the storage services revenue, followed by Microsoft and Google. Among Chinese Tier 1 vendors, Alibaba dominated with a 6% global revenue share, closely followed by China Telecom, which has been aggressively expanding its presence in the Chinese services market over the past few years.

The analysis forms part of Omdia’s highly anticipated 2024 Storage Data Services Report, offering an in-depth breakdown of the cloud data storage services market. This comprehensive report tracks cloud data storage services across three core categories: object, networked block, and file storage.

Omdia forecasts robust growth for the global cloud data storage services market, projecting it to reach $128 billion by 2028, with a CAGR of 17% over the next five years. Key factors driving this market expansion include the rise of remote work, ongoing digital transformation efforts, the proliferation of IoT devices, advances in data analytics, and the increasing need for scalable and cost-effective cloud solutions.

In 2023, the total storage capacity sold in cloud storage services amounted to a staggering 2,100 exabytes. Amazon led in terms of global storage capacity consumed, accounting for approximately 38% of the market. Object storage, often referred to as cloud storage, dominated the services capacity sold, making up 70% of the total storage services capacity.

Commenting on the new report, Dennis Hahn, Omdia Principal Analyst said: “File storage is poised to be the fastest-growing segment, with an expected CAGR of 21% through 2028. This growth is largely attributed to the increasing use of file storage as high-performance storage in AI workloads. Despite object storage leading in capacity, storage services revenues are more evenly distributed among object, block, and file storage. This is due to higher per-capacity service charges for block and file storage from most vendors.”

The findings of Omdia’s 2024 Storage Data Services Report underscore a rapidly evolving market landscape, characterized by significant growth opportunities and shifts in storage technology preferences.

“As businesses maneuver through the intricacies of digital evolution and handling data, there’s a growing need for adaptable, top-notch cloud storage solutions,” concluded Hahn.

ABOUT OMDIA

Omdia, part of Informa Tech, is a technology research and advisory group. Our deep knowledge of tech markets combined with our actionable insights empower organizations to make smart growth decisions.

Contact: Fasiha Khan Fasiha.khan@omdia.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/omdia-aws-dominated-57-billion-global-cloud-storage-services-market-in-2023-302174449.html

SOURCE Omdia

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Technology

Topband’s “Cloud-PV-ESS-Charger” Solutions Shine at The Smarter E Europe 2025 in Munich, Innovative Technologies Driving Transformation in the Energy Sector

Published

on

By

MUNICH, May 10, 2025 /PRNewswire/ — The highly anticipated The Smarter E Europe exhibition concluded on May 9 in Munich, Germany. Topband (002139.SZ) made a compelling appearance with its integrated “Cloud-PV-ESS-Charger” solution. With its cutting-edge technologies and system-level innovation capabilities, Topband attracted extensive engagement from industry experts and partners, underscoring its core competitiveness and market appeal in the digital energy sector. The presence further affirmed Topband’s long-term commitment to green energy and its accelerating global expansion strategy.

An End-to-End Product Ecosystem for a Smart, Safe, and Worry-Free Energy Experience

As an innovative leader in digital energy, Topband relies on its core technology system of “1 Cell1Cloud 3S(Cells, Cloud Platform, BMS,EMS, PCS)”, enabling a fully integrated ecosystem that spans cloud services, PV, energy storage, and EV charging system. Topband serves diverse application scenarios including outdoor portable applications, residential energy and C&I energy. Topband is consistently dedicated to developing safe, intelligent, and hassle-free one-stop energy solutions, driving the large-scale adoption of green energy, and genuinely bringing smart energy into every user.

At this exhibition, Topband unveiled its latest liquid-cooled all-in-one C&I energy storage system, powered by high-performance 314Ah lithium iron phosphate (LFP) cells. With high energy density and long cycle life, the system delivers up to 90% charging efficiency and supports parallel expansion. Optimized for peak shaving, dynamic capacity enhancement, and PV consumption, it offers exceptional energy efficiency and delivers the lowest levelized cost of storage (LCOE) for commercial and industrial users.

For EV charging system, Topband showcased its 60kW DC fast charger, supporting dual-vehicle charging with real-time dynamic power distribution. Engineered for outdoor reliability with IP54 protection and an operating range of -20°C to 50°C, it ensures stable performance in various conditions. With OCPP protocol support for seamless cloud integration, it helps urban commercial hubs upgrade their energy services and delivers a smarter, more convenient green mobility experience.

Partnering with SAX Power to Build a Smarter, Low-Carbon Energy Future

During the event, Topband signed a strategic partnership agreement with SAX Power, marking a new chapter in renewable energy collaboration. As a key technology partner of the German railway system, SAX Power brings deep expertise in high-voltage traction networks and lithium-ion energy storage systems. This partnership will integrate Topband’s strengths in “four electrics and one network”, energy storage products, R&D capabilities, and global supply chain with SAX Power’s robust localization capabilities and influence in the European market.

Looking ahead, Topband and SAX Power will join forces to expand internationally, delivering advanced energy solutions to customers across Europe and around the world. Topband looks forward to creating long-term value alongside SAX Power and driving the transformation toward a smart, low-carbon energy future.

Amid the global energy transition, Topband will continue to build on its strong technological foundation and empower global customers with more efficient and intelligent energy solutions—contributing to a greener, more sustainable world.

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/topbands-cloud-pv-ess-charger-solutions-shine-at-the-smarter-e-europe-2025-in-munich-innovative-technologies-driving-transformation-in-the-energy-sector-302451642.html

SOURCE TOPBAND

Continue Reading

Technology

Solavita at Intersolar Europe 2025 – Shaping the Future of Energy

Published

on

By

MUNICH, May 10, 2025 /PRNewswire/ — At this year’s Intersolar Europe, Solavita, the solar energy brand under Skyworth Group, made a strong impression by unveiling new innovations in both commercial and residential energy solutions. Exhibiting a full range of modules, mounting systems, inverters and energy storage systems, Solavita demonstrated growing commitment to driving smarter, more flexible, and sustainable energy systems worldwide.

Launching the 30–50kW Hybrid Inverter for Commercial Projects

Solavita, ranked among the Top 2 Distributed PV Brands in China, proudly introduced new 30–50kW hybrid inverter, designed specifically for commercial solar projects. Built to meet the evolving demands of distributed energy, the inverter brings advanced features that deliver higher efficiency, greater flexibility, and enhanced system protection.

The new hybrid inverter is equipped with up to five MPPTs and supports 2x PV oversizing, maximizing energy capture even in complex rooftop scenarios. On the storage side, it offers three independent 55A battery inputs, supporting both 3-in-1 and separate battery configurations, and is fully compatible with 280 / 314Ah battery— ensuring seamless adaptability across projects.

Engineered for reliability, the inverter delivers 100% unbalanced output and supports 2x rated power input, ensuring stable operation under varying load conditions. It also includes a GEN port, providing more options for diesel generator integration, smart load management, or AC-coupled expansion.

Safety and durability were key design priorities: with smart RSD connectivity, optional AFCI, and an IP66 rating, the inverter is prepared for a wide range of installation environments. Operating at noise levels below 60dB, it’s also a perfect fit for projects with strict noise requirements.

This launch marks another important milestone in Solavita’s mission to deliver smarter, cleaner energy to businesses around the world.

Recognized as a Top Inverter Innovator by EUPD Research

In recognition of the continuous investment in technology and innovation, Solavita proudly received the “Top Inverter Innovator” and “Sustainable Exhibitor” award from EUPD Research during Intersolar Europe. These awards highlight Solavita’s position as a forward-thinking brand delivering trusted, high-performance energy solutions for a sustainable future.

Residential Energy Storage Solutions Take Center Stage

In addition to commercial offering, Solavita showcased its latest residential energy storage solutions, drawing significant attention from visitors through a live teardown demonstration.

The residential portfolio features a 5–15kW hybrid inverter built for adaptability and resilience. With low startup voltage, a wide operating range, rapid on-grid/off-grid switching under 10 milliseconds, and robust surge protection, it ensures uninterrupted and stable energy supply for households. Its durable design supports long-term reliability with minimal maintenance.

Complementing the inverter, Solavita’s high-voltage battery system was also on display. Featuring a modular stackable design, IP65-rated protection, and scalability up to eight modules, the battery system offers homeowners flexibility to expand their storage capacity as needed. Using premium lithium battery cells, the system is engineered for a long service life and dependable performance in all conditions.

With strong showing at Intersolar Europe 2025, Solavita continues to push the boundaries of innovation in distributed energy. Backed by the legacy of Skyworth Group — which also owns well-known brands Metz and Strong in Germany — Solavita is expanding its global footprint, helping more customers achieve smarter, greener, and more sustainable living.

Photo – https://mma.prnewswire.com/media/2683681/EUPD_Award___TOP_Innovator_Inverter.jpg

 

View original content:https://www.prnewswire.co.uk/news-releases/solavita-at-intersolar-europe-2025—shaping-the-future-of-energy-302451208.html

Continue Reading

Technology

HERO ESPORTS ASIAN CHAMPIONS LEAGUE REVEALS VALORANT CHAMPIONS TOUR SCHEDULE AND ESPORTS WORLD CUP QUALIFICATION PATH

Published

on

By

SHANGHAI, May 10, 2025 /PRNewswire/ — The HERO ESPORTS Asian Champions League (ACL), Asia’s premier multi-title esports tournament, has revealed the schedule, format, and qualification details for its VALORANT Champions Tour (VCT) events.

The ACL series, hosted by Hero Esports, will include a total of four coveted spots for the VALORANT at the Esports World Cup (EWC) 25—2 spots from the VALORANT China Evolution Series: ACT 2 x ACL and 2 spots from the ACL 2025 EWC Qualifier: Pacific.

Tournament Highlights

From May 6–25, ACL will host a series of high-stakes competitions:

VALORANT China Evolution Series: Act 2 x ACL (May 8–12)ACL x VCT Day1-3 (May 14–16, Shanghai)ACL Grand Finals 2025 (May 18, Shanghai)ACL 2025 EWC Qualifier: Pacific (May 22–25, Online)

All stages except the ACL 2025 EWC Qualifier: Pacific will be broadcast globally on ACL’s Twitch, YouTube, and TikTok channels, with live audiences in attendance.

Key Stages & Format

1.    China Evolution Series: ACT 2 x ACL (May 8–12)

Co-hosted by TJ Sports (Tencent & Riot Games joint venture).12 VCT CN teams compete in a single-elimination bracket (BO3/BO5).Top 2 teams qualify for the Esports World Cup.

2.    ACL x VCT Day 1-3 (May 14–16)

3 VCT PAC teams vs. 3 VCT CN teams in a new competitive format.Top 2 teams advance to the ACL Grand Finals.$10,000 for per match win, and $10,000 bonus for defeating a higher-ranked opponent.

3.    ACL Grand Finals 2025 (May 18, Shanghai)

$50,000 prize and championship title on the line.

4.    ACL 2025 EWC Qualifier: Pacific (May 22–25, closed broadcast)

10 VCT PAC teams in a single round-robin format.Top 4 teams compete for 2 EWC spots.

Star Commentary & Global Appeal

The ACL x VCT matches will have Chinese, English and Korean commentaries. The English broadcast will feature top-tier talent, including Paperthin and Achilios, offering expert analysis for international audiences.

Jonny Wang, CEO of ACL, said: “In the ACL x VCT tournament, we will bring the VCT PAC teams and the VCT CN teams together. It’s thrilling to see how they’ll compete and who will emerge victorious. Our bonus system will also motivate lower-ranking teams to reach their full potential, adding excitement to the game.”

Danny Tang, Co-Founder and CEO of Hero Esports, remarked: “The ACL x VCT tournament is not just a test of skill, but also a celebration of cultural exchange. We look forward to seeing how teams from different regions spark creativity and competition on the field. “

About the HERO ESPORTS Asian Champions League

The HERO ESPORTS Asian Champions League (ACL) is the premier and largest international multi-title esports event in Asia. Hosted by leading esports company Hero Esports, the tournament boasts a total prize pool of $2 million. This year, the inaugural ACL features nine premier esports titles, including Counter-Strike 2, Dota 2, Honor of Kings, Street Fighter 6, The Legend Cup of League of Legends, Teamfight Tactics, VALORANT Champions Tour, Delta Force and Crossfire.

The ACL Grand Finals 2025 (May 16–18, Shanghai) will partner with DreamHack, uniting elite players, gaming tech, and fans. Selected ACL winners will earn direct entry to the Esports World Cup in Riyadh, Saudi Arabia—the largest esports event in history.

For more info, please check ACL official website: https://esportsacl.com/home

For media inquiries, please contact:
ACL PR Team | aclpr@heroesports.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/hero-esports-asian-champions-league-reveals-valorant-champions-tour-schedule-and-esports-world-cup-qualification-path-302451614.html

SOURCE Hero Esports

Continue Reading

Trending