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3D Bioprinting Market Data Analysis Stood at USD 6.9 billion by 2032 | CAGR of 16.1%

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New York, April 26, 2023 (GLOBE NEWSWIRE) — The Global 3D Bioprinting Market is projected to grow at a CAGR of 16.1%, with its worth expected to increase from USD 1.6 billion in 2022 to approximately USD 6.9 billion by 2032. 3D Bioprinting is an additive manufacturing technique that makes biomedical parts by 3D printing. It mimics natural tissue characteristics as closely as possible. 3D Bioprinting is a method that involves layer-by-layer deposition of bio-inks to create tissue-like structures. These structures can then be used in tissue engineering and medical research. This can be used for drug development, research, scaffolds, and medical implant development. 3D Bioprinting now includes scaffold printing, which can be used for reconstructing joints and ligaments. The study of biomaterials, which are innovative materials, is a key component of 3D Bioprinting technology. This technology has made tremendous advancements in medical tissue engineering.

3D bioprinting market growth

Get additional highlights on major revenue-generating segments, Request a Global 3D Bioprinting market sample report at https://market.us/report/3d-bioprinting-market/request-sample/

Key Takeaway:

  • By technology, in 2022, the 3D Bioprinting market was dominated by the Inkjet-based bio printing segment with a market share of 39% 2022, owing to its ability to print complex living tissues or organs on culture substrates using biomaterials as bio-ink.
  • By material, the living cells segment dominates the largest market share in 2022, owing to increased investments in R&D in the regenerative medicine sector.
  • By application, the medical segment dominated the largest market share of 37.1% in end-user type analysis
  • In 2022, North America dominated the market with the highest revenue share of over 36.4%.
  • APAC is expected to grow at a greater pace among all the regions covered in the report.

Factors affecting the growth of the 3D Bioprinting industry

Several factors can have an impact on the growth of the 3D Bioprinting industry. Some of these factors include:

  • Faster Drug Development: By printing human-like tissue, scientists can now get the results of any particular drug’s reaction on the pathogen within a few hours compared to the traditional method, which would take around three to six years for the same process
  • High Costs: The cost of printing any human body part or tissue is very high and can be challenging to estimate as several process variables come into play. Thus this factor can limit the 3D bioprinting industry’s growth to a certain extent.
  • Increasing use in the Cosmetics sector: Several cosmetics companies are using 3D bio-printed tissues to test their products, especially in Europe, as the EU banned animal testing in 2013.
  • Skilled Professionals: Highly trained professionals are required for operating 3D bioprinters as it requires continuous process monitoring.

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Market Growth

3D Bioprinting’s ability to reduce drug reactions and expand treatment options drives medical tourism growth in European countries. The UK government invested US$ 70 million in the industry strategy challenge fund to improve the healthcare infrastructure. For advanced precision and gene therapy, it has established three treatment centers for advanced therapy. Artificial intelligence, which is based on innovative advances, is revolutionizing healthcare. It makes it easier for healthcare professionals to track and monitor clinical data, resulting in fewer errors. AstraZeneca plc, and Renalytix AI plc, introduced strategies for 3D Bioprinting to treat metabolic, renal, or cardiovascular diseases in August 2020. Researchers at Seoul National University Hospital & College of Medicine also developed artificial intelligence (A.I.). Deep Learning Based Automatic Detection is an algorithm that analyzes chest radiographs to identify abnormal cancer growth. As such, the market growth is being driven by AI in 3D Bioprinting.

Regional Analysis

North America was the dominant region in 2022, with a market share of 36.4%. The increasing integration of IT in the healthcare industry is estimated to drive market growth during the forecast period. In addition, the United States government has recently become a key stakeholder in the 3D bioprinting industry. The US government has also made considerable investments in the research and development of bioprinting, with several federal grants awarded to universities for this purpose. The presence of several major key players is another factor that may boost the growth of the North American region, among others. Moreover, Asia Pacific is expected to grow at the fastest CAGR holding the largest market share during the forecast period.

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Scope of the Report

Report Attribute Details
Market Value (2022) USD 1.6 Billion
Market Size (2032) USD 6.9 Billion
CAGR (from 2023 to 2032) 16.1%
North America Revenue Share 36.4%
Historic Period 2016 to 2022
Base Year 2022
Forecast Year 2023 to 2032

Market Drivers

The 3D bioprinting market growth is being driven by various factors, including technological advancements in the bioprinting space and the subsequent rise in its adoption across various industries. The 3D bioprinting market growth is primarily the result of several factors related to the rapid advancement of technology and increasing demand for organ transplantation. Primarily, the emergence of high-performance materials such as hydrogels, polymers, and metals has enabled greater precision in bioprinting techniques. This has allowed for increased applications, including tissue engineering and regenerative medicine.

Market Restraints

The 3D bioprinting market is subject to certain restraining factors which have been identified as having a detrimental effect on the growth of this sector. Firstly, the lack of existing infrastructure and regulatory frameworks in some countries has proven to be an obstruction when it comes to the development of this industry. Secondly, the cost associated with the technology required for 3D bioprinting processes is deemed too high for several manufacturers. Therefore, factors as such are anticipated to hamper the market’s growth to a certain extent.

Market Opportunities

Technological advances such as increased accessibility and the development of new materials play a significant role in determining market opportunities. In addition, developments in 3D bioprinting are a direct result of the convergence of several research fields. All of these developments have contributed to the creation and advancement of bioprinters. 3D Bioprinting is an emerging technology that has been making waves in the medical field. It allows for printing biological structures that can be used to create more effective and personalized treatments, potentially revolutionizing medicines. Since its inception, 3D Bioprinting technology has been used to print a wide variety of biological structures, including skin tissue, bone, heart valves, and blood vessels.

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Report Segmentation of the 3D Bioprinting Market

Technology Insight

Based on technology, the 3D bioprinting market is segmented into magnetic levitation, laser-assisted, and inkjet-based bioprinting. Among these, inkjet-based bioprinting has dominated the market, with the majority of the revenue share of 39% in 2022. Because it enables complex living tissues or organs to be printed on culture substrates using biomaterials as bio-ink. The growing use of inkjet technology in the medical industry is fueling the growth of this market. This segment is estimated to rise significantly throughout the forecast period, owing to its rising reliability and demand.

Material Insight

Based on this segment, the 3D bioprinting market has been segmented into living cells, extracellular matrices, and hydrogels. Among these materials, the living cells segment accounted for the largest market share in 2022. Moreover, during the forecast period, the hydrogel segment is expected to dominate the 3D bio-printing market. Hydrogel is used in tissue engineering applications for three reasons. They may be employed as gap fillers, bioactive chemical transport vectors, and 3D structures that function as scaffolding for cells and aid in the formation of perfect tissues.

Application Insight

The 3D bioprinting market is segmented based on application into medical, dental, bioinks, and biosensors. The increased usage of medicinal pharmaceuticals to treat numerous chronic conditions is propelling the 3D Bioprinting industry forward. Furthermore, the rising need for cost-effective biomedical medications and applications based on this technology is propelling this industry forward. The need for medical pharmaceuticals is growing as the number of pharmaceutical sector players grows. Millions of individuals take capsules and tablets on a daily basis all across the world. As a result, this segment is predicted to increase profitably throughout the projected period.

For more insights on the historical and Forecast market data from 2016 to 2032 – download a sample report at https://market.us/report/3d-bioprinting-market/request-sample/

Market Segmentation

By Technology

  • Magnetic levitation Bioprinting
  • Laser-assisted Bioprinting
  • Inkjet-Based Bioprinting

By Materials

  • Living Cells
  • Extracellular Matrices
  • Hydrogels

By Applications

  • Medical
  • Dental
  • Bioinks
  • Biosensors

By Geography

  • North America
    • The US
    • Canada
    • Mexico
  • Western Europe
    • Germany
    • France
    • The UK
    • Spain
    • Italy
    • Portugal
    • Ireland
    • Austria
    • Switzerland
    • Benelux
    • Nordic
    • Rest of Western Europe
  • Eastern Europe
    • Russia
    • Poland
    • The Czech Republic
    • Greece
    • Rest of Eastern Europe
  • APAC
    • China
    • Japan
    • South Korea
    • India
    • Australia & New Zealand
    • Indonesia
    • Malaysia
    • Philippines
    • Singapore
    • Thailand
    • Vietnam
    • Rest of APAC
  • Latin America
    • Brazil
    • Colombia
    • Chile
    • Argentina
    • Costa Rica
    • Rest of Latin America
  • Middle East & Africa
    • Algeria
    • Egypt
    • Israel
    • Kuwait
    • Nigeria
    • Saudi Arabia
    • South Africa
    • Turkey
    • United Arab Emirates
    • Rest of MEA

Competitive Landscape

Major market participants are exploring new tactics, creating a competitive landscape among important competitors. To acquire a competitive edge, key organizations prioritize research & development in order to create novel technological applications. In addition, large businesses form alliances, mergers, and acquisitions to expand their range of applications and manufacturing capabilities and differentiate themselves from the competition.

Some of the major players include:

  • EnvisionTEC, Inc.
  • Organovo Holdings Inc.
  • Regemat 3D S.L.
  • Bico group ab
  • Collplant Biotechnologies Ltd.
  • Regenhu
  • Cyfuse Biomedical K.K.
  • 3D Bioprinting Solutions
  • Cellink Global
  • Inventia Life Science PTY LTD
  • Poietis
  • Vivax Bio, LLC
  • Allevi
  • Aspect Biosystems Ltd.
  • Advanced Solutions Life Sciences, LLC
  • Rokit Healthcare, Inc.
  • Pandorum Technologies pvt. ltd.
  • Foldink Life Science Technologies
  • Revotek Co., ltd.
  • Precise Bio

Recent Development of the 3D   Market

  • In July 2022, Triastek, Inc. partnered with Eli Lilly and Company, a major pharmaceutical industry, to use 3D printing technology. This initiative will concentrate on the target release of drugs in the gut. Triastek concentrates on the thorough investigation of process parameters to ensure drug stability during the release of drugs and also during the formulation 3D printing process and formulation creation.
  • In August 2022, the Indian Institute of Science (IISc) and CELLINK, a global pioneer of 3D bioprinter development, announced their partnership to construct a 3D bioprinting Centre of Excellence in Bengaluru, India. The Biosystems Science and Engineering at IISc provide access to 3D bioprinting systems, allowing researchers to make advancements in their projects through specific applications to improve medical outcomes.

Browse More Related Reports:

  • Medical 3D Printing Market is projected to reach a value of USD $ 6,422.6 Mn by 2030, from USD $ 1,408.2 Mn in 2020, at a CAGR of 16.7%.
  • 3D Cell Culture Market size is expected to be worth around US$ 6,529 Million by 2032 from USD 1,700 Million in 2022
  • Printing ink Market was valued at USD 21.2 billion and is expected to grow to around USD 30 billion by 2032 between 2023 and 2032
  • 3D Printing in the Education Market was valued at USD 278.6 Mn in 2022 and is projected to increase significantly at a CAGR of 10% from 2022 to 2033.
  • 3D Printing Metal Market size is expected to be worth around USD 5274.45 million by 2032 from USD 589.5 million in 2022

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Artificial Intelligence

IBM to Acquire HashiCorp, Inc. Creating a Comprehensive End-to-End Hybrid Cloud Platform

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$6.4 billion acquisition adds suite of leading hybrid and multi-cloud lifecycle management products to help clients grappling with today’s AI-driven application growth and complexity
HashiCorp’s capabilities to drive significant synergies across multiple strategic growth areas for IBM, including Red Hat, watsonx, data security, IT automation and Consulting
As a part of IBM, HashiCorp is expected to accelerate innovation and enhance its go-to-market, growth and monetization initiatives
Transaction expected to be accretive to Adjusted EBITDA within the first full year, post close, and free cash flow in year two
ARMONK, N.Y. and SAN FRANCISCO, April 24, 2024 /PRNewswire/ — IBM (NYSE: IBM) and HashiCorp Inc. (NASDAQ: HCP), a leading multi-cloud infrastructure automation company, today announced they have entered into a definitive agreement under which IBM will acquire HashiCorp for $35 per share in cash, representing an enterprise value of $6.4 billion. HashiCorp’s suite of products provides enterprises with extensive Infrastructure Lifecycle Management and Security Lifecycle Management capabilities to enable organizations to automate their hybrid and multi-cloud environments. Today’s announcement is a continuation of IBM’s deep focus and investment in hybrid cloud and AI, the two most transformational technologies for clients today.

“Enterprise clients are wrestling with an unprecedented expansion in infrastructure and applications across public and private clouds, as well as on-prem environments. The global excitement surrounding generative AI has exacerbated these challenges and CIOs and developers are up against dramatic complexity in their tech strategies,” said Arvind Krishna, IBM chairman and chief executive officer. “HashiCorp has a proven track record of enabling clients to manage the complexity of today’s infrastructure and application sprawl. Combining IBM’s portfolio and expertise with HashiCorp’s capabilities and talent will create a comprehensive hybrid cloud platform designed for the AI era.”
The rise of cloud-native workloads and associated applications is driving a radical expansion in the number of cloud workloads enterprises are managing. In addition, generative AI deployment continues to grow alongside traditional workloads. As a result, developers are working with increasingly heterogeneous, dynamic, and complex infrastructure strategies. This represents a massive challenge for technology professionals.
HashiCorp’s capabilities enable enterprises to use automation to deliver lifecycle management for infrastructure and security, providing a system of record for the critical workflows needed for hybrid and multi-cloud environments. HashiCorp’s Terraform is the industry standard for infrastructure provisioning in these environments. HashiCorp’s offerings help clients take a cloud-agnostic, and highly interoperable approach to multi-cloud management, and complement IBM’s commitment to industry collaboration (including deep and expanding partnerships with hyperscale cloud service providers), developer communities, and open-source hybrid cloud and AI innovation.
“Our strategy at its core is about enabling companies to innovate in the cloud, while providing a consistent approach to managing cloud at scale. The need for effective management and automation is critical with the rise of multi-cloud and hybrid cloud, which is being accelerated by today’s AI revolution,” said Armon Dadgar, HashiCorp co-founder and chief technology officer. “I’m incredibly excited by today’s news and to be joining IBM to accelerate HashiCorp’s mission and expand access to our products to an even broader set of developers and enterprises.”
“Today is an exciting day for our dedicated teams across the world as well as the developer communities we serve,” said Dave McJannet, HashiCorp chief executive officer. “IBM’s leadership in hybrid cloud along with its rich history of innovation, make it the ideal home for HashiCorp as we enter the next phase of our growth journey. I’m proud of the work we’ve done as a standalone company, I am excited to be able to help our customers further, and I look forward to the future of HashiCorp as part of IBM.”
Transaction Rationale
Strong Strategic Fit – The acquisition of HashiCorp by IBM creates a comprehensive end-to-end hybrid cloud platform built for AI-driven complexity. The combination of each company’s portfolio and talent will deliver clients extensive application, infrastructure and security lifecycle management capabilitiesAccelerates growth in key focus areas – Upon close, HashiCorp is expected to drive significant synergies for IBM, including across multiple strategic growth areas like Red Hat, watsonx, data security, IT automation and Consulting. For example, the powerful combination of Red Hat’s Ansible Automation Platform’s configuration management and Terraform’s automation will simplify provisioning and configuration of applications across hybrid cloud environments. The two companies also anticipate an acceleration of HashiCorp’s growth initiatives by leveraging IBM’s world-class go-to-market strategy, scale, and reach, operating in more than 175 countries across the globeExpands Total Addressable Market (TAM) – The acquisition will create the opportunity to deliver more comprehensive hybrid and multi-cloud offerings to enterprise clients. HashiCorp’s offerings, combined with IBM and Red Hat, will give clients a platform to automate the deployment and orchestration of workloads across evolving infrastructure including hyperscale cloud service providers, private clouds and on-prem environments. This will enhance IBM’s ability to address the total cloud opportunity, which according to IDC had a TAM of $1.1 trillion in 2023, with a compound annual growth rate in the high teens through 2027.1Attractive Financial Opportunity – The transaction will accelerate IBM’s growth profile over time driven by go-to-market and product synergies. This growth combined with operating efficiencies, is expected to achieve substantial near-term margin expansion for the acquired business. It is anticipated that the transaction will be accretive to Adjusted EBITDA within the first full year, post close, and free cash flow in year two.HashiCorp boasts a roster of more than 4,400 clients, including Bloomberg, Comcast, Deutsche Bank, GitHub, J.P Morgan Chase, Starbucks and Vodafone. HashiCorp’s offerings have widescale adoption in the developer community and are used by 85% of the Fortune 500. Their community products across infrastructure and security were downloaded more than 500 million times in HashiCorp’s FY2024 and include:
Terraform – provides organizations with a single workflow to provision their cloud, private datacenter, and SaaS infrastructure and continuously manage infrastructure throughout its lifecycleVault – provides organizations with identity-based security to automatically authenticate and authorize access to secrets and other sensitive dataAdditional products – Boundary for secure remote access; Consul for service-based networking; Nomad for workload orchestration; Packer for building and managing images as code; and Waypoint internal developer platformTransaction Details
Under the terms of the agreement, IBM will acquire HashiCorp for $35 per share in cash, or $6.4 billion enterprise value, net of cash. HashiCorp will be acquired with available cash on hand.
The boards of directors of IBM and HashiCorp have both approved the transaction. The acquisition is subject to approval by HashiCorp shareholders, regulatory approvals and other customary closing conditions.
The Company’s largest shareholders and investors, who collectively hold approximately 43% of the voting power of HashiCorp’s outstanding common stock, entered into a voting agreement with IBM pursuant to which each has agreed to vote all of their common shares in favor of the transaction and against any alternative transactions.
The transaction is expected to close by the end of 2024.
____________________1 The total cloud opportunity is the sum of the cloud-directed spends across Hardware, IT services and SW for Private and Public cloud implementation, sourced from IDC’s Worldwide Black Book Live Edition, March 2024 (V1 2024)
Conference Call Details
IBM’s regular quarterly earnings conference call is scheduled to begin at 5:00 p.m. ET, today. The Webcast may be accessed here. Presentation charts will be available shortly before the Webcast.
About IBM
IBM is a leading provider of global hybrid cloud and AI, and consulting expertise. We help clients in more than 175 countries capitalize on insights from their data, streamline business processes, reduce costs and gain the competitive edge in their industries. Thousands of government and corporate entities in critical infrastructure areas such as financial services, telecommunications and healthcare rely on IBM’s hybrid cloud platform and Red Hat OpenShift to affect their digital transformations quickly, efficiently and securely. IBM’s breakthrough innovations in AI, quantum computing, industry-specific cloud solutions and consulting deliver open and flexible options to our clients. All of this is backed by IBM’s legendary commitment to trust, transparency, responsibility, inclusivity and service. Visit www.ibm.com for more information. 
About HashiCorp
HashiCorp is The Infrastructure Cloud™ company, helping organizations automate multi-cloud and hybrid environments with Infrastructure Lifecycle Management and Security Lifecycle Management. HashiCorp offers The Infrastructure Cloud on the HashiCorp Cloud Platform (HCP) for managed cloud services, as well as self-hosted enterprise offerings and community source-available products. The company is headquartered in San Francisco, California. For more information, visit HashiCorp.com.
Press Contacts:
IBM:Tim Davidson, [email protected]
HashiCorp:Matthew Sherman / Jed Repko / Haley Salas / Joycelyn BarnettJoele Frank, Wilkinson Brimmer Katcher212-355-4449
 
Additional Information and Where to Find It
HashiCorp, Inc. (“HashiCorp”), the members of HashiCorp’s board of directors and certain of HashiCorp’s executive officers are participants in the solicitation of proxies from stockholders in connection with the pending acquisition of HashiCorp (the “Transaction”). HashiCorp plans to file a proxy statement (the “Transaction Proxy Statement”) with the Securities and Exchange Commission (the “SEC”) in connection with the solicitation of proxies to approve the Transaction. David McJannet, Armon Dadgar, Susan St. Ledger, Todd Ford, David Henshall, Glenn Solomon and Sigal Zarmi, all of whom are members of HashiCorp’s board of directors, and Navam Welihinda, HashiCorp’s chief financial officer, are participants in HashiCorp’s solicitation. Information regarding such participants, including their direct or indirect interests, by security holdings or otherwise, will be included in the Transaction Proxy Statement and other relevant documents to be filed with the SEC in connection with the Transaction. Additional information about such participants is available under the captions “Board of Directors and Corporate Governance,” “Executive Officers” and “Security Ownership of Certain Beneficial Owners and Management” in HashiCorp’s definitive proxy statement in connection with its 2023 Annual Meeting of Stockholders (the “2023 Proxy Statement”), which was filed with the SEC on May 17, 2023 (and is available at https://www.sec.gov/ix?doc=/Archives/edgar/data/1720671/000114036123025250/ny20008192x1_def14a.htm). To the extent that holdings of HashiCorp’s securities have changed since the amounts printed in the 2023 Proxy Statement, such changes have been or will be reflected on Statements of Change in Ownership on Form 4 filed with the SEC (which are available at https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001720671&type=&dateb=&owner=only&count=40&search_text=). Information regarding HashiCorp’s transactions with related persons is set forth under the caption “Related Person Transactions” in the 2023 Proxy Statement. Certain illustrative information regarding the payments to that may be owed, and the circumstances in which they may be owed, to HashiCorp’s named executive officers in a change of control of HashiCorp is set forth under the caption “Executive Compensation—Potential Payments upon Termination or Change in Control” in the 2023 Proxy Statement. With respect to Ms. St. Ledger, certain of such illustrative information is contained in the Current Report on Form 8-K filed with the SEC on June 7, 2023 (and is available at https://www.sec.gov/ix?doc=/Archives/edgar/data/1720671/000162828023021270/hcp-20230607.htm). Promptly after filing the definitive Transaction Proxy Statement with the SEC, HashiCorp will mail the definitive Transaction Proxy Statement and a WHITE proxy card to each stockholder entitled to vote at the special meeting to consider the Transaction. STOCKHOLDERS ARE URGED TO READ THE TRANSACTION PROXY STATEMENT (INCLUDING ANY AMENDMENTS OR SUPPLEMENTS THERETO) AND ANY OTHER RELEVANT DOCUMENTS THAT HASHICORP WILL FILE WITH THE SEC WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION. Stockholders may obtain, free of charge, the preliminary and definitive versions of the Transaction Proxy Statement, any amendments or supplements thereto, and any other relevant documents filed by HashiCorp with the SEC in connection with the Transaction at the SEC’s website (http://www.sec.gov). Copies of HashiCorp’s definitive Transaction Proxy Statement, any amendments or supplements thereto, and any other relevant documents filed by HashiCorp with the SEC in connection with the Transaction will also be available, free of charge, at HashiCorp’s investor relations website (https://ir.hashicorp.com/), or by emailing HashiCorp’s investor relations department ([email protected]).
Forward-Looking Statements
Certain statements contained in this communication may be characterized as forward-looking under the Private Securities Litigation Reform Act of 1995. These statements involve a number of risks, uncertainties and other factors that could cause actual results to differ materially.
Statements in this communication regarding IBM and HashiCorp that are forward-looking may include statements regarding: (i) the Transaction; (ii) the expected timing of the closing of the Transaction; (iii) considerations taken into account in approving and entering into the Transaction; (iv) the anticipated benefits to, or impact of, the Transaction on IBM’s and HashiCorp’s businesses; and (v) expectations for IBM and HashiCorp following the closing of the Transaction. There can be no assurance that the Transaction will be consummated.
Risks and uncertainties that could cause actual results to differ materially from those indicated in the forward-looking statements, in addition to those identified above, include: (i) the possibility that the conditions to the closing of the Transaction are not satisfied, including the risk that required approvals from HashiCorp’s stockholders for the Transaction or required regulatory approvals to consummate the Transaction are not obtained, on a timely basis or at all; (ii) the occurrence of any event, change or other circumstance that could give rise to a right to terminate the Transaction, including in circumstances requiring HashiCorp to pay a termination fee; (iii) possible disruption related to the Transaction to IBM’s and HashiCorp’s current plans, operations and business relationships, including through the loss of customers and employees; (iv) the amount of the costs, fees, expenses and other charges incurred by IBM and HashiCorp related to the Transaction; (v) the risk that IBM’s or HashiCorp’s stock price may fluctuate during the pendency of the Transaction and may decline if the Transaction is not completed; (vi) the diversion of IBM and HashiCorp management’s time and attention from ongoing business operations and opportunities; (vii) the response of competitors and other market participants to the Transaction; (viii) potential litigation relating to the Transaction; (ix) uncertainty as to timing of completion of the Transaction and the ability of each party to consummate the Transaction; and (x) other risks and uncertainties detailed in the periodic reports that IBM and HashiCorp filed with the SEC, including IBM’s and HashiCorp’s respective Annual Reports on Form 10-K.  All forward-looking statements in this communication are based on information available to IBM and HashiCorp as of the date of this communication, and, except as required by law, IBM and HashiCorp do not assume any obligation to update the forward-looking statements provided to reflect events that occur or circumstances that exist after the date on which they were made.
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Businessabc.net, part of Ztudium group partners with IEBF to offer GenerativeAI tools for SMEs, Adds Dilip Pungliya to Leadership

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LONDON and NEW DELHI, April 24, 2024 /PRNewswire/ — Businessabc.net part of ztudium group partners with Indo-European Business Forum IEBF and signed an MOU to collaborate in building tech AI-powered tools and trade corridors and technological solutions for businesses in India, UK, and Europe.

Businessabc.net is a global business abc AI, digital certification search engine, and directory marketplace that offers a fresh approach to business insights, and analytics and makes it accessible to every company, and employee, empowering knowledge-sharing and strategic insights across every level for businesses worldwide. Businessabc offers a digital hub marketplace to empower SMEs and businesses of all types with B2B, B2C, and AI-powered tools, that give them access to strategies, and insights and connect them with chambers of commerce, trade corridors, digital supply chains, provenance tools, and multi-store e-commerce solutions. The Indo-European Business Forum – IEBF is an independent, impartial organisation promoting two-way flows of trade, and investment in India, the UK, and EU member countries.
Businessabc.net owned by ztudium announces this strategic partnership with the IEBF and announces Dilip Pungliya as a new partner and Board Member to lead these endeavours. In this role, Mr. Pungliya, a tech, business, and data scientist executive will bring his extensive expertise in business strategy and digital transformation to lead key initiatives within the organisation.
The growth of Generative AI among Small and Medium Enterprises (SMEs) worldwide has been steadily gaining momentum, and in India, the UK, and Europe a burgeoning tech ecosystem is growing awareness of the transformative potential of artificial intelligence.
IEBF and Businessabc.net join forces to expand the platform with new indexes powered by Generative AI to enhance efficiency, streamline operations, and give companies a competitive edge in the market. Factors such as the availability of cost-effective AI solutions, the skilled workforce, and a global need to push towards digitalisation have contributed to the adoption of Generative AI technologies. GenAI tools and tech solutions are critical to unlocking new value for businesses and becoming the most important tools for organisations of all sizes. AI revolution through platforms such as businessabc.net semantic and GenAI search, indexes, and chatbots, can solve business problems and offer leaders integrated solutions for their growth.
IEBF has been collaborating with Governments in India, UK, and Europe,. Their contribution includes events in the UK House of Lords, Indian governmental organisations, and research and education initiatives for businesses. Created by Mr. Vijay Goel and Mr. Sunil Kumar Gupta the founders, responsibles for the organisation said about this: “We are excited to work and enhance business solutions between IEBF and Businessabc.net, part of Ztudium group. All businesses need to be aware, educated, and prepared for this new AI and digital growth tools world. Data from India’s Ministry of Electronics and Information Technology (MeitY) reports that GenAI is expected to add USD 450–500 billion to India’s GDP by 2025 – 10% of the country’s USD 5 trillion GDP target. We expect to work together to empower businesses in India, the UK, and Europe joining forces with Businessabc.net to organise strategic trade corridors, events, and Indexes.”
Dinis Guarda, Founder of Ztudium / Businessabc.net, a business top thought leader, author, and Youtuber said about the partnership: “We are thrilled to work with IEBF to expand the businessabc.net solutions to India, UK, and Europe businesses and welcome Dilip Punglyia to support, lead this partnership and Ztudium group. Together we will offer cutting-edge simple tools that use genAI in business and finance. In the financial sector alone GenAI is expected to increase global gross domestic product (GDP) by 7%—nearly $7 trillion—and boost productivity growth by 1.5%, according to Goldman Sachs Research.”
Dilip Pungliya, a seasoned tech, digital, and business strategy leader with more than twenty five years of experience creating data-driven solutions will be at the forefront of this partnership. Mr. Dilip Pungliya said about this: “I’m thrilled to join businessabc.net and Ztudium leadership team and contribute to the growth of the partnership with the IEBF and its holistic company’s mission of driving innovation and digital transformation through cutting-edge technologies like AI, fintech, Web 3.0, Metaverse, and Blockchain. This partnership will allow us to create a digital ID, new AI data-driven generative tools, and scale growth for businesses in India, UK, and Europe, and Dilip’s wealth of experience and strategic vision will be invaluable as we continue to drive innovation and empower businesses with transformative technologies.”
About the Indo-European Business Forum
IEBF is an independent, impartial body actively promoting two-way flows of trade, and investment in India and EU member countries. Indo European Business Forum is an open forum comprising like-minded people who believe that “India can offer strong and sustained business opportunities for European Union countries”. IEBF is patronised by leading personalities from both India and the EU having excellence in the fields of business, finance, real estate, and art, to name a few. Our advisory board consists of people who are determined to create a progressive world.
About the Businessabc.net,
Founded in August 2011 by Dinis Guarda, who was joined by Sonesh Sira as board and partner some years after businessabc.net part of Ztudium group has been creating Digital Transformation, and AI tools and being recognised as one of the top global thought leaders organisations by organisations like Thinkers360.com. The company has been working and advising Fortune 500 companies and governments and offers technology products and platforms. Some of its offers are citiesabc.com, fashionsabc.com, sportsabc.org. It also manages a media division with intelligenthq.com, tradersdna.com, hedgethink.com, and services that integrate a wide range of 4IR, AI, 3D, web 3.0, and blockchain technologies solutions such as Metaverseabc. tech, MStores.shopping, iDNA.technology, and AI.DNA. The platform unveiled recently its Top 10,000 Public Companies Market Cap Index, which lists tech giants like Apple, Microsoft, Google, Alphabet, Nvidia, and Meta, and LVMH, IBM, and JPMorgan Chase & Co., from other industries at the top.
About Ztudium: The maker of 4IR, AI, Web 3.0, and Smart Cities technologies
Ztudium is a UK-based global maker of leading proprietary intellectual property and technologies that integrate Fourth Industrial Revolution (4IR) technologies. The company creates technology products, platforms, media, and services that integrate fintech, smart cities, Web 3.0, AI, Metaverse, and Blockchain. Ztudium collaborates with multiple governments, organisations, educational institutions, and business networks worldwide.
For media inquiries, please contact:
Media Contact Name: Manan KothariEmail Address: [email protected] Number: +44 7833881659
Company Name: Businessabc / ZtudiumCompany Address: 85, Great portland street, London W1W7LTWebsite URL: www.businessabc.net, www.ztudium.com

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South Korea Data Center Market to Witness Investment of $7.22 Billion by 2029 – Get Insights on 35 Existing Data Centers and 19 Upcoming Facilities across South Korea

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south-korea-data-center-market-to-witness-investment-of-$7.22-billion-by-2029-–-get-insights-on-35-existing-data-centers-and-19-upcoming-facilities-across-south-korea

CHICAGO, April 24, 2024 /PRNewswire/ — According to Arizton’s latest research report, the South Korea data center market is growing at a CAGR of 8.43% during 2023-2029.

To Know More, Download the Free Sample Report: https://www.arizton.com/market-reports/south-korea-data-center-market-investment-analysis
South Korea Data Center Market Report Scope
Report Attributes
Details
Market Size (Investment)
USD 7.22 Billion (2029)
Market Size (Area)
688 thousand sq. Feet (2029)
Market Size (Power Capacity)
143 MW (2029)
CAGR Investment (2023-2029)
8.43 %
Colocation Market Size (Revenue)
USD 1.42 Billion (2029)
Historic Year
2020-2022
Base Year
2023
Forecast Year
2024-2029
 
South Korea is becoming a resilient data center market, propelled by a strategy prioritizing cloud service, a conducive business climate, and a well-established regulatory framework. Moreover, South Korea is a prominent Southeast Asian market, with investment opportunities driven by Artificial Intelligence and Renewable Energy initiatives. Major investments from local and international data center providers position the country as a pivotal player in the Asia-Pacific (APAC) digital infrastructure landscape.
Recently, South Korea has seen the development of smart cities such as Seoul, Incheon, Busan, and Daejeon. These cities implemented various smart solutions, including the Integrated Public Transportation Fare System, Demand-Responsive Transportation (DRT), Smart Grid, Smart Waste Management System, and numerous others.
Investment Opportunities in South Korea
In October 2023, LGU+ announced the completion of their second facility, Pyeoungchon 2 Center, in South Korea.In September 2023, Kakao announced the completion of their data center facility in Ansan, Gyeonggi, South Korea.In September 2023, SK Ecoplant announced plans to develop a data center campus facility in Pohang, South Korea.In August 2023, the South Korean government announced plans to develop a 1GW data center campus in the Southwest of South Korea.In June 2023, Empyrion DC commenced constructing its first data center facility in the Gangnam area of Seoul, South Korea.Market Trends
The South Korean government has committed to overturning the earlier policy by the administration of phasing out nuclear energy—the previous approach aimed to reduce the number of operational nuclear plants to 17 by 2034.South Korea plans to reduce its dependence on coal-fired power generation to 19.7% by 2030 and further down to 14.4% by 2036. Additionally, the country aims to decrease its reliance on gas-fired generation to 22.9% by 2030 and 9.3% by 2036.KOEN, formerly Korea South-East Power (KOSEP), generates renewable power from photovoltaic – 36 MW, hydro – 18.6 MW, fuel cells – 51.9 MW, wind – 58.4 MW, and biomass – 325 MW.Korea Western Power owns and operates around 17 solar power plants with a total capacity of around 43 MW. The Taean Small Hydro Power plant generates 2.2 MW, and the Hwasun Wind Power plant produces around 16 MW. In addition, the company generates around 39 MW of power capacity through fuel cells, generating around 35 MW of power through biomass.Significant Growth in Cloud, Mission Critical, and High-Performance Infrastructure to Increase OCP and Arm-based Server Adoption Booming the Market Growth
The expansion of hyperscale data centers will likely increase the demand for arm-based servers and promote the procurement of high-performance infrastructure solutions and OCP infrastructure solutions. South Korea-based cloud service provider Douzone Bizon adopted Intel Xeon Scalable Processor solutions to decrease the total cost of ownership for managing blade servers.
Why Should You Buy This Research?
Market size is available regarding investment, area, power capacity, and South Korea colocation market revenue.An assessment of the data center investment in South Korea by colocation, hyperscale, and enterprise operators.Investments in the area (square feet) and power capacity (MW) across cities in the country.A detailed study of the existing South Korea data center market landscape, an in-depth market analysis, and insightful predictions about market size during the forecast period.Snapshot of existing and upcoming third-party data center facilities in South KoreaFacilities Covered (Existing): 35Facilities Identified (Upcoming): 19Coverage: 12+ CitiesExisting vs. Upcoming (Area)Existing vs. Upcoming (IT Load Capacity)Data Center Colocation Market in South KoreaColocation Market Revenue & Forecast (2023-2029)Wholesale vs. Retail Colocation Revenue (2023-2029)Retail Colocation PricingWholesale Colocation PricingThe South Korea data center 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 industry.Business overview and product offerings of prominent IT infrastructure providers, construction contractors, support infrastructure providers, and investors operating in the industry.A transparent research methodology and the analysis of the demand and supply aspects of the industry.Buy this Research @ https://www.arizton.com/market-reports/south-korea-data-center-market-investment-analysis
Post-Purchase Benefit                            
1hr of free analyst discussion10% off on customization  The Report Includes the Investment in the Following Areas:
IT InfrastructureServersStorage SystemsNetwork InfrastructureElectrical InfrastructureUPS SystemsGeneratorsTransfer Switches & SwitchgearsPDUsOther Electrical InfrastructureMechanical InfrastructureCooling SystemsRack CabinetsOther Mechanical InfrastructureCooling SystemsCRAC & CRAH UnitsChiller UnitsCooling Towers, Condensers & Dry CoolersEconomizers & Evaporative CoolersOther Cooling UnitsGeneral ConstructionCore & Shell DevelopmentInstallation & Commissioning ServicesEngineering & Building DesignFire Detection & Suppression SystemsPhysical SecurityData Center Infrastructure Management (DCIM)Tier StandardTier I & Tier IITier IIITier IVGeographySeoulOther CitiesVendor Landscape
IT Infrastructure Providers
Arista NetworksAtosCisco SystemsDell TechnologiesFujitsuHewlett Packard EnterpriseIBMInspurIntelLenovoNetAppData Center Construction Contractors & Sub-Contractors
BEHIVE ArchitectsDPR ConstructionGS E&CHanmiGlobalHyundai Engineering & ConstructionISGPOSCO ICTSAMOO Architects & EngineersSamsung C&TSupport Infrastructure Providers
ABBCaterpillarCumminsDelta ElectronicsEatonFuji ElectricLegrandMitsubishi ElectricPiller Power SystemsRittalRolls-RoyceSchneider ElectricSTULZVertivData Center Investors
ActisDigital RealtyDreammark1Digital EdgeEquinixHostway IDCKakao CorpKT CorpLG UplusLG CNSNaverNHN CorpSOLISIDCSK BroadbandNew Entrants
Empyrion DCESROneAsia NetworkPrinceton Digital GroupPure Data Centres GroupSC Zeus Data CentersST Telemedia Global Data CentresSTACK InfrastructureKey Questions Answered in the Report:    How big is the South Korea data center market?How many existing and upcoming data center facilities exist in South Korea?How much MW of power capacity will be added across South Korea during 2024-2029?What factors are driving the South Korea data center market?What is the growth rate of the South Korea data center market?Who are the key investors in the South Korea data center market?
Get the Detailed TOC @ https://www.arizton.com/market-reports/south-korea-data-center-market-investment-analysis
Check Out Some of the Top-Selling Research Reports:       Indonesia Data Center Market – Investment Analysis & Growth Opportunities 2024-2029
Thailand Data Center Colocation Market – Supply and Demand Analysis 2024-2029 
Singapore Data Center Market – Investment Analysis & Growth Opportunities 2023-2028
Australia Data Center Market – Investment Analysis & Growth Opportunities 2023–2028 
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