Artificial Intelligence
AI Technology Set to Reshape Stock Images & Videos Market, the Market is Projected to Worth $7.33 Billion by 2028 – Arizton
CHICAGO, July 4, 2023 /PRNewswire/ — According to Arizton’s latest research report, the stock images and videos market will grow at a CAGR of 6.74% during 2022-2028.
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Browse In-Depth TOC on Stock Images and Videos Market
122 – Tables 123 – Charts 474 – Pages
The stock image market was in good shape in the mid-1990s. Good-quality photographs, stable stock photography prices, great demand, and limited supply made it a lucrative sector. However, the advent of the internet turned the market upside down. Customers and end-users began looking for ways to get these images at low prices for longer durations. The RF license thus made its way into the market. Synonymous with nearly unlimited usage, images that carried this license must be sold for fixed prices based on the file size. Subscriptions became the norm. Five years down the line, these libraries began shifting to the digital base, and the revenue growth was strong. Like every other high-profit-making industry, it invited solid competition. Many countermeasures were released in response to the competition, including bringing down royalty rates, offering micro-prices, and driving up sub-distribution agreements. This resulted in chaos, with the photography commission being thrown in a bind and aggregators and distributors taking up more revenue share. The rising penetration of animation production, a rapid shift to vertical formats, blockchain technology making inroads, social issues trumping mindless consumerism, increasing penetration of AI & ML in stock content, growth of platform integrations, and mobile stock losing its sheen are the growing trends in the stock images and videos market.
Stock Images and Videos Market Report Scope
Report Attributes
Details
Market Size (2028)
USD 7.33 Billion
Market Size (2022)
USD 4.96 Billion
CAGR (2022-2028)
6.74 %
Base Year
2022
Forecast Year
2023-2028
Market Segmentation
Product, Source, License, Application, End-user, and Geography
Geographic Analysis
North America, Europe, APAC, Latin America, and Middle East & Africa
Market Dynamics
Growing E-Learning Industry Reinvention of Storytelling Improving Journalistic Value Growth of Digital Communities in Hyper-Connected Ecosystems Social Shows Sustain Buzz in Stock Content Growth of Content Automation & Personalization Consumer Behaviour & Authenticity
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Recent Developments and Launches Of AI Platforms & Tools
In the stock image market, vendors increasingly introduce AI platforms and tools to enhance their offerings. These AI-powered solutions are designed to revolutionize the way customers search for and utilize stock images. By leveraging machine learning and computer vision algorithms, these platforms can analyze and understand the content of images, enabling more accurate and relevant search results.
In early 2023, Shutterstock launched a new AI image generator – Shutterstock Generate. This tool came out because of the partnership between Dall-E & Shutterstock. It is a text-to-image generator that utilizes the Dall-E model, specifically trained using Shutterstock’s content library. This unique approach ensures legal compliance and transparency throughout the image generation process. When users download the generated images through the app, they are licensed by Shutterstock, providing a reliable and authorized source for usage.
Microstock Market Gaining Huge Popularity, and Macrostock Market to Recover in the Upcoming Years
Microstock has recreated the industry demands and has found even more popularity during the pandemic. The rise of the World Wide Web brought a rush of new highly digital businesses that needed a strong online presence and marketing collateral for their offline efforts. These start-ups have largely been attributed to the success of this relatively new, stably growing online image market. However, the advent of microstock has led macrostock agencies to lose their customers to the former. While these heavy hitters have firmly grounded their revenues, accounting for the largest share of the market, their growth has slowed down comparatively in recent years.
Major agencies are currently swaying towards acquiring more crowd-sourced images to increase their authenticity and revenues. However, some players such as Stocksy, are betting on platform cooperatives, which aim to preserve the strength and integrity of the artist community for sustainable long-term growth. Compared to macrostock agencies, microstock is swift to act on innovation and adapt to new image technologies. From efforts gained at breaking new ground, such as the embed initiatives, to trailblazing partnerships with technology companies, social networks, publishing platforms, events, and the like, macrostock companies are on a roll. All of this, though, is an effort to bring the market back to its good days. For instance, Getty Images partnered with the Rugby Africa Gold Cup board to offer images of its competition to its customers.
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Competition in Stock Images and Videos Market is Intensifying Across the Globe
Getty Images, Visual China Group, Shutterstock, and Adobe Stock are the four major vendors that dominate the market. Several vendors in this market have a global presence, creating strong brand images for their products. In addition, several small and large vendors are altering the stock photography business with new approaches and models, such as making mobile a platform. With many of these vendors trying to cut costs due to the shrinking revenues, offering any service apart from the basic limits their growth. Several larger players have witnessed a decline in revenues over the last couple of years due to consolidation that devalued the market.
Getty Images is a leading vendor in the market. It works with hundreds of image partners, 200,000 contributors, and over 160,000 sports, news, and entertainment events.Visual China Group is another significant player in the market. The company has over 600 employees, serving over 15,000 media outlets, advertisers, and other organizations. It has hundreds of image partners and 14,000 contributors globally.Shutterstock is another large player in the market. It has about 1.8 million active paying customers, over 350,000 contributors, more than 9 million video clips, and 170 million images available for license.Adobe Stock is a significant player in the market, offering over 90 million assets.Key Company Profiles
Adobe StockGetty ImagesHanhua Yimei Visual TechnologyShutterstock123RFAgence France Presse (AFP)AFPagefotostockAlamyAP ImagesArtlistCan Stock PhotoCanvaCoinaphotoCreative MarketDeath to StockDepositphotosDissolveDreamstimeEast NewsEnvatoEyeEmFreepikFotosearchImagesBazaarMasterfileNewscomNHK VIDEO BANKPantherMediaPhotofolioPicfairPixtaPond5PR PhotosRedux PicturesStoryblocksStocksyStockUnlimitedThe Mega AgencyTHOMSON REUTERSWENNWestend61ZUMA PressMarket Segmentation
Product
Stock ImagesStock VideosSource
MacrostockMicrostockApplication
CommercialEditorialLicense
RMRFEnd-user
MarketersFilms & TV ProducersMedia & Publishing CompaniesBusiness & Individual CreatorsGeography
North AmericaThe USCanadaEuropeThe UKGermanyFranceSpainRussiaItalySwedenSwitzerlandBelgiumNetherlandsPolandTurkeyAPACChinaIndiaJapanAustraliaSouth KoreaIndonesiaTaiwanPhilippinesNew ZealandMalaysiaThailandMiddle East & AfricaUAESouth AfricaSaudi ArabiaEgyptNigeriaLatin AmericaBrazilMexicoArgentinaColombiaChilePeruCheck Out Some of the Latest Top-Selling Research Reports:
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1 RESEARCH METHODOLOGY
2 RESEARCH OBJECTIVES
3 RESEARCH PROCESS
4 SCOPE & COVERAGE
4.1 MARKET DEFINITION
4.1.1 INCLUSIONS
4.1.2 EXCLUSIONS
4.1.3 MARKET ESTIMATION CAVEATS
4.2 BASE YEAR
4.3 SCOPE OF THE STUDY
4.3.1 MARKET SEGMENTATION BY PRODUCT
4.3.2 MARKET SEGMENTATION BY LICENSE
4.3.3 MARKET SEGMENTATION BY APPLICATION
4.3.4 MARKET SEGMENTATION BY SOURCE
4.3.5 MARKET SEGMENTATION BY END-USER
4.3.6 MARKET SEGMENTATION BY GEOGRAPHY
5 REPORT ASSUMPTIONS & CAVEATS
5.1 KEY CAVEATS
5.2 CURRENCY CONVERSION
5.3 MARKET DERIVATION
6 MARKET AT A GLANCE
7 PREMIUM INSIGHTS
7.1 MARKET DEFINITION
7.2 REPORT OVERVIEW
7.3 RECENT DEVELOPMENTS AND LAUNCHES OF AI PLATFORMS & TOOLS
7.4 RISK FACTORS IN MARKET
7.5 GLOBAL MEDIA LANDSCAPE
7.6 OPPORTUNITIES & CHALLENGE ANALYSIS
7.7 SEGMENT ANALYSIS
7.8 REGIONAL ANALYSIS
7.9 COMPETITIVE LANDSCAPE
7.10 FREQUENTLY ASKED QUESTIONS
8 INTRODUCTION
8.1 OVERVIEW
8.2 INTRODUCTION OF AI STOCK IMAGES MARKET
8.2.1 MARKET DYNAMICS
8.2.2 GROWTH OPPORTUNITIES FOR AI STOCK IMAGES
8.2.3 GEOGRAPHY ANALYSIS
8.2.4 RECENT DEVELOPMENTS AND LAUNCHES OF AI PLATFORMS & TOOLS
8.3 RISK FACTORS
8.4 GOVERNMENT REGULATIONS
8.5 KEY ELEMENTS IN STOCK IMAGES & VIDEOS MARKET
8.5.1 SALES & DISTRIBUTION CHANNEL
8.5.2 CONTENT CONTRIBUTING COMMUNITY
8.5.3 COMPETITION
8.5.4 MARKETING
8.6 GLOBAL DIGITAL VISUAL CONTENT MARKET
8.7 GLOBAL MEDIA LANDSCAPE
8.8 COVID-19 IMPACT ANALYSIS
8.8.1 CHANGING AGENCY MODELS
8.8.2 POST-COVID SCENARIO
8.9 FUTURE OUTLOOK
8.10 VALUE CHAIN
8.10.1 BUSINESS MODEL
9 MARKET OPPORTUNITIES & TRENDS
9.1 RISING PENETRATION OF ANIMATION PRODUCTION
9.2 RAPID SHIFT TO VERTICAL FORMATS
9.3 OTT PLATFORMS BOOSTING DEMAND FOR STOCK FOOTAGE
9.4 BLOCKCHAIN TECHNOLOGY MAKING INROADS
9.5 SOCIAL ISSUES TRUMP MINDLESS CONSUMERISM
9.6 INCREASING PENETRATION OF AI & ML IN STOCK CONTENT
9.7 POWERING UP VIA DISTRIBUTION DEALS
9.8 GROWTH OF PLATFORM INTEGRATIONS
9.9 MOBILE STOCK LOSING ITS SHEEN
9.10 DRONE-SHOT CONTENT IN VISUAL ARTS
10 MARKET GROWTH ENABLERS
10.1 GROWTH IN E-LEARNING INDUSTRY
10.2 REINVENTION OF STORYTELLING
10.3 IMPROVEMENT IN JOURNALISTIC VALUES
10.4 GROWTH OF DIGITAL COMMUNITIES IN HYPER-CONNECTED ECOSYSTEM
10.5 SOCIAL SHOWS SUSTAIN BUZZ IN STOCK CONTENT
10.6 GROWTH OF CONTENT AUTOMATION & PERSONALIZATION
10.7 CONSUMER BEHAVIOR & AUTHENTICITY
11 MARKET RESTRAINTS
11.1 SHIFT IN DIGITAL CULTURE
11.2 COPYRIGHT INFRINGEMENT & BREACH OF LICENSES
11.3 PROLIFERATION OF SHOPPABLE SOCIAL COMMERCE
11.4 GLUT OF IMAGES
11.5 UNSUSTAINABLE BUSINESS MODELS
11.6 USER-GENERATED CONTENT EATING INTO MARKET
11.7 AUDIO ECLIPSING VIDEO
12 MARKET LANDSCAPE
12.1 MARKET OVERVIEW
12.1.1 MERGERS & ACQUISITIONS AND RECENT DEVELOPMENTS
12.1.2 KEY INSIGHTS
12.2 PEST ANALYSIS
12.2.1 POLITICAL FACTORS
12.2.2 ECONOMIC FACTORS
12.2.3 SOCIAL FACTORS
12.2.4 TECHNOLOGICAL FACTORS
12.3 MARKET SIZE & FORECAST
12.4 MARKET BY PRODUCT
12.5 MARKET BY SOURCE
12.6 MARKET BY APPLICATION
12.7 MARKET BY LICENSE
12.8 MARKET BY END-USER
12.9 FIVE FORCES ANALYSIS
12.9.1 THREAT OF NEW ENTRANTS
12.9.2 BARGAINING POWER OF SUPPLIERS
12.9.3 BARGAINING POWER OF BUYERS
12.9.4 THREAT OF SUBSTITUTES
12.9.5 COMPETITIVE RIVALRY
13 PRODUCT
13.1 MARKET SNAPSHOT & GROWTH ENGINE
13.2 MARKET OVERVIEW
13.3 STOCK IMAGES
13.3.1 MARKET SIZE & FORECAST
13.3.2 MARKET BY GEOGRAPHY
13.4 STOCK VIDEOS
13.4.1 MARKET SIZE & FORECAST
13.4.2 MARKET BY GEOGRAPHY
14 SOURCE
14.1 MARKET SNAPSHOT & GROWTH ENGINE
14.2 MARKET OVERVIEW
14.3 MACROSTOCK
14.3.1 MARKET SIZE & FORECAST
14.3.2 IMAGES
14.3.3 VIDEOS
14.3.4 MARKET BY GEOGRAPHY
14.4 MICROSTOCK
14.4.1 MARKET SIZE & FORECAST
14.4.2 IMAGES
14.4.3 VIDEOS
14.4.4 MARKET BY GEOGRAPHY
15 APPLICATION
15.1 MARKET SNAPSHOT & GROWTH ENGINE
15.2 MARKET OVERVIEW
15.3 COMMERCIAL
15.3.1 MARKET SIZE & FORECAST
15.3.2 MARKET BY GEOGRAPHY
15.4 EDITORIAL
15.4.1 MARKET SIZE & FORECAST
15.4.2 MARKET BY GEOGRAPHY
16 LICENSE
16.1 MARKET SNAPSHOT & GROWTH ENGINE
16.2 MARKET OVERVIEW
16.3 RM
16.3.1 MARKET SIZE & FORECAST
16.3.2 IMAGES
16.3.3 VIDEOS
16.3.4 MARKET BY GEOGRAPHY
16.4 RF
16.4.1 MARKET SIZE & FORECAST
16.4.2 IMAGES
16.4.3 VIDEOS
16.4.4 MARKET BY GEOGRAPHY
17 END-USER
17.1 MARKET SNAPSHOT & GROWTH ENGINE
17.2 MARKET OVERVIEW
17.3 MARKETERS
17.3.1 MARKET SIZE & FORECAST
17.3.2 MARKET BY GEOGRAPHY
17.4 FILMS & TV PRODUCERS
17.4.1 MARKET SIZE & FORECAST
17.4.2 MARKET BY GEOGRAPHY
17.5 MEDIA & PUBLISHING COMPANIES
17.5.1 MARKET SIZE & FORECAST
17.5.2 MARKET BY GEOGRAPHY
17.6 BUSINESSES & INDIVIDUAL CREATORS
17.6.1 MARKET SIZE & FORECAST
17.6.2 MARKET BY GEOGRAPHY
18 GEOGRAPHY
18.1 MARKET SNAPSHOT & GROWTH ENGINE
18.2 GEOGRAPHIC OVERVIEW
19 NORTH AMERICA
19.1 MARKET OVERVIEW
19.1.1 IMAGES
19.1.2 VIDEOS
19.2 MARKET SIZE & FORECAST
19.2.1 PRODUCT: MARKET SIZE & FORECAST
19.2.2 SOURCE: MARKET SIZE & FORECAST
19.2.3 APPLICATION: MARKET SIZE & FORECAST
19.2.4 LICENSE: MARKET SIZE & FORECAST
19.2.5 END-USER: MARKET SIZE & FORECAST
19.3 KEY COUNTRIES
19.4 US
19.4.1 MARKET SIZE & FORECAST
19.4.2 IMAGES
19.4.3 VIDEOS
19.5 CANADA
19.5.1 MARKET SIZE & FORECAST
19.5.2 IMAGES
19.5.3 VIDEOS
20 EUROPE
20.1 MARKET OVERVIEW
20.1.1 IMAGES
20.1.2 VIDEOS
20.2 MARKET SIZE & FORECAST
20.2.1 PRODUCT: MARKET SIZE & FORECAST
20.2.2 SOURCE: MARKET SIZE & FORECAST
20.2.3 APPLICATION: MARKET SIZE & FORECAST
20.2.4 LICENSE: MARKET SIZE & FORECAST
20.2.5 END-USER: MARKET SIZE & FORECAST
20.3 KEY COUNTRIES
20.4 UK
20.4.1 MARKET SIZE & FORECAST
20.4.2 IMAGES
20.4.3 VIDEOS
20.5 GERMANY
20.5.1 MARKET SIZE & FORECAST
20.5.2 IMAGES
20.5.3 VIDEOS
20.6 FRANCE
20.6.1 MARKET SIZE & FORECAST
20.6.2 IMAGES
20.6.3 VIDEOS
20.7 SPAIN
20.7.1 MARKET SIZE & FORECAST
20.7.2 IMAGES
20.7.3 VIDEOS
20.8 RUSSIA
20.8.1 MARKET SIZE & FORECAST
20.8.2 IMAGES
20.8.3 VIDEOS
20.9 ITALY
20.9.1 MARKET SIZE & FORECAST
20.9.2 IMAGES
20.9.3 VIDEOS
20.10 SWEDEN
20.10.1 MARKET SIZE & FORECAST
20.10.2 IMAGES
20.10.3 VIDEOS
20.11 SWITZERLAND
20.11.1 MARKET SIZE & FORECAST
20.11.2 IMAGES
20.11.3 VIDEOS
20.12 BELGIUM
20.12.1 MARKET SIZE & FORECAST
20.12.2 IMAGES
20.12.3 VIDEOS
20.13 NETHERLANDS
20.13.1 MARKET SIZE & FORECAST
20.13.2 IMAGES
20.13.3 VIDEOS
20.14 POLAND
20.14.1 MARKET SIZE & FORECAST
20.14.2 IMAGES
20.14.3 VIDEOS
20.15 TURKEY
20.15.1 MARKET SIZE & FORECAST
20.15.2 IMAGES
20.15.3 VIDEOS
21 APAC
21.1 MARKET OVERVIEW
21.1.1 IMAGES
21.1.2 VIDEOS
21.2 MARKET SIZE & FORECAST
21.2.1 PRODUCT: MARKET SIZE & FORECAST
21.2.2 SOURCE: MARKET SIZE & FORECAST
21.2.3 APPLICATION: MARKET SIZE & FORECAST
21.2.4 LICENSE: MARKET SIZE & FORECAST
21.2.5 END-USER: MARKET SIZE & FORECAST
21.3 KEY COUNTRIES
21.4 CHINA
21.4.1 MARKET SIZE & FORECAST
21.4.2 IMAGES
21.4.3 VIDEOS
21.5 INDIA
21.5.1 MARKET SIZE & FORECAST
21.5.2 IMAGES
21.5.3 VIDEOS
21.6 JAPAN
21.6.1 MARKET SIZE & FORECAST
21.6.2 IMAGES
21.6.3 VIDEOS
21.7 AUSTRALIA
21.7.1 MARKET SIZE & FORECAST
21.7.2 IMAGES
21.7.3 VIDEOS
21.8 SOUTH KOREA
21.8.1 MARKET SIZE & FORECAST
21.8.2 IMAGES
21.8.3 VIDEOS
21.9 INDONESIA
21.9.1 MARKET SIZE & FORECAST
21.9.2 IMAGES
21.9.3 VIDEOS
21.10 TAIWAN
21.10.1 MARKET SIZE & FORECAST
21.10.2 IMAGES
21.10.3 VIDEOS
21.11 PHILIPPINES
21.11.1 MARKET SIZE & FORECAST
21.11.2 IMAGES
21.11.3 VIDEOS
21.12 NEW ZEALAND
21.12.1 MARKET SIZE & FORECAST
21.12.2 IMAGES
21.12.3 VIDEOS
21.13 MALAYSIA
21.13.1 MARKET SIZE & FORECAST
21.13.2 IMAGES
21.13.3 VIDEOS
21.14 THAILAND
21.14.1 MARKET SIZE & FORECAST
21.14.2 IMAGES
21.14.3 VIDEOS
22 MIDDLE EAST & AFRICA
22.1 MARKET OVERVIEW
22.1.1 IMAGES
22.1.2 VIDEOS
22.2 MARKET SIZE & FORECAST
22.2.1 PRODUCT: MARKET SIZE & FORECAST
22.2.2 SOURCE: MARKET SIZE & FORECAST
22.2.3 APPLICATION: MARKET SIZE & FORECAST
22.2.4 LICENSE: MARKET SIZE & FORECAST
22.2.5 END-USER: MARKET SIZE & FORECAST
22.3 KEY COUNTRIES
22.4 UAE
22.4.1 MARKET SIZE & FORECAST
22.4.2 IMAGES
22.4.3 VIDEOS
22.5 SOUTH AFRICA
22.5.1 MARKET SIZE & FORECAST
22.5.2 IMAGES
22.5.3 VIDEOS
22.6 SAUDI ARABIA
22.6.1 MARKET SIZE & FORECAST
22.6.2 IMAGES
22.6.3 VIDEOS
22.7 EGYPT
22.7.1 MARKET SIZE & FORECAST
22.7.2 IMAGES
22.7.3 VIDEOS
22.8 NIGERIA
22.8.1 MARKET SIZE & FORECAST
22.8.2 IMAGES
22.8.3 VIDEOS
23 LATIN AMERICA
23.1 MARKET OVERVIEW
23.1.1 IMAGES
23.1.2 VIDEOS
23.2 MARKET SIZE & FORECAST
23.2.1 PRODUCT: MARKET SIZE & FORECAST
23.2.2 SOURCE: MARKET SIZE & FORECAST
23.2.3 APPLICATION: MARKET SIZE & FORECAST
23.2.4 LICENSE: MARKET SIZE & FORECAST
23.2.5 END-USER: MARKET SIZE & FORECAST
23.3 KEY COUNTRIES
23.4 BRAZIL
23.4.1 MARKET SIZE & FORECAST
23.4.2 IMAGES
23.4.3 VIDEOS
23.5 MEXICO
23.5.1 MARKET SIZE & FORECAST
23.5.2 IMAGES
23.5.3 VIDEOS
23.6 ARGENTINA
23.6.1 MARKET SIZE & FORECAST
23.6.2 IMAGES
23.6.3 VIDEOS
23.7 COLOMBIA
23.7.1 MARKET SIZE & FORECAST
23.7.2 IMAGES
23.7.3 VIDEOS
23.8 CHILE
23.8.1 MARKET SIZE & FORECAST
23.8.2 IMAGES
23.8.3 VIDEOS
23.9 PERU
23.9.1 MARKET SIZE & FORECAST
23.9.2 IMAGES
23.9.3 VIDEOS
24 COMPETITIVE LANDSCAPE
24.1 COMPETITION OVERVIEW
24.2 MARKET RANKING & SHARES
25 KEY COMPANY PROFILES
25.1 ADOBE STOCK
25.1.1 BUSINESS OVERVIEW
25.1.2 PRODUCT OFFERINGS
25.1.3 KEY STRATEGIES
25.1.4 KEY STRENGTHS
25.1.5 KEY OPPORTUNITIES
25.2 GETTY IMAGES
25.3 HANHUA YIMEI VISUAL TECHNOLOGY
25.4 SHUTTERSTOCK
26 OTHER PROMINENT VENDORS
26.1 123RF
26.1.1 BUSINESS OVERVIEW
26.1.2 PRODUCT OFFERINGS
26.1.3 KEY STRENGTHS
26.1.4 KEY STRATEGIES
26.2 AGENCE FRANCE PRESSE (AFP)
26.3 AFP
26.4 AGEFOTOSTOCK
26.5 ALAMY
26.6 AP IMAGES
26.7 ARTLIST
26.8 CAN STOCK PHOTO
26.9 CANVA
26.10 COINAPHOTO
26.11 CREATIVE MARKET
26.12 DEATH TO STOCK
26.13 DEPOSITPHOTOS
26.14 DISSOLVE
26.15 DREAMSTIME
26.16 EAST NEWS
26.17 ENVANTO
26.18 EYEEM
26.19 FREEPIK
26.20 FOTOSEARCH
26.21 IMAGESBAZAAR
26.22 MASTERFILE
26.23 NEWSCOM
26.24 NHK VIDEO BANK
26.25 PANTHERMEDIA
26.26 PHOTOFOLIO
26.27 PICFAIR
26.28 PIXTA
26.29 POND5
26.30 PR PHOTOS
26.31 REDUX PICTURES
26.32 STORYBLOCKS
26.33 STOCKSY
26.34 STOCKUNLIMITED
26.35 THE MEGA AGENCY
26.36 THOMSON REUTERS
26.37 WENN
26.38 WESTEND61
26.39 ZUMA PRESS
27 REPORT SUMMARY
27.1 KEY TAKEAWAYS
27.2 STRATEGIC RECOMMENDATIONS
28 QUANTITATIVE SUMMARY
29 APPENDIX
29.1 ABBREVIATIONS
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Artificial Intelligence
atNorth Shortlisted for Datacloud Global Awards, The Energy Awards and The Women in Green Business Awards
The leading Nordic data center business achieves multiple new accolades.
REYKJAVÍK, Iceland, May 10, 2024 /PRNewswire/ — atNorth, the leading Nordic colocation, high-performance computing, and artificial intelligence service provider, today announced widespread industry recognition including shortlisting’s in the `Excellence in Data Centre Europe Award 2024′ category at the Datacloud Global Awards and the `Energy Efficient Partnership of the Year’ category at the Energy Awards.
The Datacloud Global Awards celebrate excellence in the data center and cloud industry, recognizing outstanding achievements, innovation, and leadership across various categories. From pioneering technology solutions to sustainable practices, these awards highlight the trailblazers and visionaries driving the digital transformation landscape forward.
atNorth’s continuous commitment to developing the most advantageous solutions for its clients has led the business to be recognized for its efforts in energy efficiency, data center excellence and as a leader in the data center industry.
Additionally, atNorth’s CFO & Deputy CEO, Eva Sóley Guðbjörnsdóttir has been shortlisted in the `Diversity and Inclusion Champion of the Year’ category at the Women in Green Business Awards, illustrating the commendable ethos of atNorth’s business as a whole, as it champions fairness and the greater good – both internally and at the core of its service provision.
“We are delighted to be acknowledged in a variety of categories across multiple awards,” says Eva Sóley Guðbjörnsdóttir, CFO & Deputy CEO, at atNorth. “As we remain committed to our vision of `more compute for a better world’, this recognition inspires us to continue to advocate for best practice within our business and the industry as a whole.”
The news follows atNorth’s recognition in TechRound’s Sustainability60 campaign, at the UK Green Business Awards and the Tech Capital Awards. The business has also recently announced Anna Kristín Pálsdóttir as Chief Development Officer and Jörgen Larsson as Director of Hyperscale Operations as the business continues to scale to meet the increasing demand for its services.
About atNorth
atNorth is a leading Nordic data center services company that offers sustainable, cost-effective, scalable colocation and high-performance computing services trusted by industry-leading organizations. The business acquired leading High-Performance Computing (HPC) provider, Gompute, in 2023 enabling a compelling full stack offering tailored to AI and other critical high-performance workloads.
With sustainability at its core, atNorth’s data centers run on renewable energy resources and support circular economy principles. All atNorth sites leverage innovative design, power efficiency, and intelligent operations to provide long-term infrastructure and flexible colocation deployments. The tailor-made solutions enable businesses to calculate, simulate, train and visualize data workloads in an efficient, cost-optimized way.
atNorth is headquartered in Reykjavik, Iceland and operates seven data centers in strategic locations across the Nordics, with additional sites to open in Helsinki, Finland and in Denmark in Q4 2024, as well as its tenth site ready for operation in Kouvola, Finland in 2025.
For more information, visit atNorth.com or follow atNorth on LinkedIn or Facebook.
Press Contact:Caroline BruntonKite Hill PR for atNorth+44 (0) 7796 274 [email protected]
This information was brought to you by Cision http://news.cision.com.
https://news.cision.com/atnorth/r/atnorth-shortlisted-for-datacloud-global-awards–the-energy-awards-and-the-women-in-green-business-a,c3976912
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Eva Sóley press
View original content:https://www.prnewswire.co.uk/news-releases/atnorth-shortlisted-for-datacloud-global-awards-the-energy-awards-and-the-women-in-green-business-awards-302142302.html
Artificial Intelligence
ProofID wins Judges’ Award for Global Ambition at the 2024 Northern Tech Awards
MANCHESTER, England, May 10, 2024 /PRNewswire/ — UK-headquartered, global Identity and Access Management (IAM) specialist, ProofID has won the Judge’s Award for Global Ambition at the Northern Tech Awards held at Manchester Cathedral. The company won the award in recognition of its expansion in the USA following the successful acquisitions of Regatta Solutions an Austin, Texas based Identity Governance and Administration (IGA) integrator and PEGRight a Colorado Springs, Colorado based IAM integrator.
These two acquisitions created a combined business which leads the field as a provider of enterprise identity solutions and global identity managed services across Europe and North America. The awards, organised by GP Bullhound, are a demonstration of the spirit of innovation, resilience, and growth that defines the Northern tech ecosystem.
Tom Eggleston, CEO of ProofID said: “ProofID has always embraced its northern roots, but it’s been an exciting road.”
“Our journey to the international stage continues and reflects not only our ambition to grow via acquisition but also our ability to adapt, innovate and thrive in other territories. It’s truly wonderful for our work to be recognised in this way.”
In 2022, Maven invested £15 million through the Maven UK Regional Buyout Fund to support ProofID’s growth and strategic expansion. Since then, the company has continued to develop its partnerships with IAM vendors, offering broader solutions and enhancing its market position.
The award, accepted by Peter Dolan, CFO of ProofID, is held to showcase leading tech businesses in the North, fuelling growth in its powerful tech economy. The eleventh edition of the Northern Tech Awards ceremony, brought together 250 CEOs, entrepreneurs, and business leaders from across the digital economy, celebrating innovation and excellence in the North of England and Scotland.
Javed Huq, Managing Director of sponsor, GP Bullhound said: “Congratulations to all the winners of the 2024 Northern Tech Awards.
“Their success is a testament to the remarkable determination and entrepreneurship, which have enabled their businesses to thrive in a challenging market landscape.
“We are immensely proud of the dedication and innovation within the Northern tech ecosystem and believe it is important to celebrate these achievements at tonight’s awards. We are honoured to champion these leading tech businesses and look forward to their continued growth and contribution to the UK economy.”
About ProofID
ProofID is a global identity security partner, integrator and service provider. As a proven identity specialist, ProofID is committed to delivering pain-free, secure and seamless digital user experiences however complex the project. Trusted by Tier 1 enterprises and mid-market businesses around the world to design, deliver and manage IAM and IGA services. ProofID has successfully deployed industry leading technologies into all market sectors with dynamic workforce needs and seamless customer engagements. ProofID’s highly skilled team has been awarded the highest technical accreditations by all their chosen partners including Ping Identity, earning Global Delivery Partner of the Year Award for 6 consecutive years and SailPoint, achieving delivery Admiral status. For more information visit www.ProofID.com.
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Artificial Intelligence
Northern Data Group’s Peak Mining announces new partnership for 28MW of mining, powered by 100% renewable energy
28MW of miners delivering 1.3 EH/s, strategically located in Paraguay2,860 units of MicroBT’s M63-series liquid-cooled WhatsMiners to be installedPower rate of sub $0.04/kWh, generated by 100% renewable hydropowerFRANKFURT, Germany , May 10, 2024 /PRNewswire/ — Northern Data Group’s Peak Mining today announces a new partnership with Penguin Infrastructure Holding (“Penguin”) for 28MW of mining capacity. This project represents a significant next step in Northern Data Group’s geographical expansion and enables Peak Mining to increase its hashrate, powered by 100% renewable energy.
The hardware will be energized in H2 2024 and marks Peak Mining’s first step into South America. 2,860 units of MicroBT’s M63-series liquid-cooled WhatsMiners will be installed at the site. The hardware will generate 1.3 EH/s, contributing to Peak Mining’s planned growth to 7.9 EH/s this year.
The site in Paraguay is 100% powered by renewable hydropower harnessed from the 14 GW Itaipu Dam, it is the world’s third-largest hydroelectric dam. The site will therefore benefit from the availability of clean energy.
This expansion into South America follows Peak Mining’s recent purchase of a 300MW mining data center site in Corpus Christi, Texas, which will power around 4.2 EH/s of MicroBT’s miners as well as the construction of a 30MW facility in Grand Forks, North Dakota, which will support approximately 1.1 EH/s of the miners.
This selection of sites underscores Northern Data Group’s commitment to meet the demands of the industry as efficiently as possible. Throughout 2024, Northern Data Group will be rapidly expanding its HPC footprint.
Aroosh Thillainathan, Northern Data Group’s Chief Executive Officer, commented:
“This partnership is significant to Northern Data Group as we continue to execute on our investment strategy and solidify our position within the global High Performance Computing market, and I’m especially pleased to be working with Penguin, given the team’s impressive sustainability standards at this site. It is Peak Mining’s first expansion into South America and is another milestone for the company as it continues to scale its international Bitcoin mining capabilities.”
Niek Beudeker, Managing Director, Peak Mining, commented:
“I’m pleased to partner with Penguin to expand our mining capacity to Paraguay. The Penguin team has done a tremendous job in constructing the site and building a strong local team. This agreement, structured as a partnership, will allow for better alignment of both parties than with a standard hosting arrangement. The partnership demonstrates our commitment to leveraging 100% clean energy to meet growing industry demand, efficiently”.
Björn Schmidtke, CEO at Penguin Group, commented:
“This strategic alliance with Northern Data Group strengthens our position as a leader in hosting next-generation High Performance Computing and also allows us to strengthen our capabilities and expand our offerings in cutting-edge areas such as AI compute. We are committed to advancing in this constantly accelerating world, which demands more high-quality services to keep evolving.”
About Peak Mining
Peak Mining, part of the Northern Data Group, is powering the future of the Bitcoin network. We deliver industry-leading operating and energy efficiency in Bitcoin mining through the latest hardware alongside innovative technology and HPC infrastructure. With our heritage dating back to 2013, we’ve been innovating for over a decade and have been at the forefront of the industry ever since. Our high-quality infrastructure is purpose-built to secure the Bitcoin network, and we’re driven to continuously find new efficiencies driving value for our investors. We’re delivering long term value in more responsible ways.
About Penguin
Penguin Group is at the forefront of HPC and cloud services powered by fully renewable hydro power in South America. Its core value is the mission to Transform Energy into Human Potential. This mission is achieved through Penguin Academy, a revolutionary education concept where students ‘learn by doing’ and has already trained thousands of young people to become the next generation of tech talent. Penguin aims to transform Paraguay into the Technological Hub of South America and expand their concept and mission globally.
About Northern Data Group
Northern Data Group (ETR: NB2) is a leading provider of High Performance Computing (HPC) solutions, utilizing GPU- and ASIC-technology. Our flexible compute power fuels innovation in our three core business platforms: Taiga Cloud, Ardent Data Centers, and Peak Mining. Through our HPC solutions, we pioneer ambitious computing innovation that drives progress in the AI, ML and Generative AI industries. Our close collaboration with industry-leading manufacturers including Gigabyte, AMD, and NVIDIA is fundamental to the acceleration of innovation across sectors including life sciences, financial services, and energy.
View original content:https://www.prnewswire.co.uk/news-releases/northern-data-groups-peak-mining-announces-new-partnership-for-28mw-of-mining-powered-by-100-renewable-energy-302141597.html
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