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MANAGED CLOUD EXPERT ACCELERATES GLOBAL EXPANSION TO MEET DEMAND AS US CUSTOMER BASE DOUBLES
Hyve Managed Hosting , a global cloud hosting provider , has announced a period of exceptional growth as it continues to expand globally . The company ’ s revenue has grown by 51 % over the past three years , and earlier this year , Hyve set up a US hub in Austin , Texas , and a European hub in Berlin , Germany , in order to meet growing global demand for bespoke cloud services . Since then , the cloud computing company has doubled its US customer base . As growth continues to accelerate , the company projects global operational growth of 50 % year-on-year for the next three years – in both customers and turnover .
Hyve ’ s global headcount has grown by 33 % in the past year to accommodate an expanding customer base and streamline operations within new international hubs . The company has also made a number of strategic senior appointments to ensure continued growth is sustainable , including promoting home-grown talent Charlotte Webb to Marketing and Operations Director globally .
“ The US continues to prove its status as a leader when it comes to considered cloud adoption , with the market already representing a large proportion of our revenue ,” said Webb . “ Meanwhile , our new Berlin office helps us seamlessly and securely serve EU customers , especially paying attention to helping them navigate compliance with data sovereignty and data protection regulations .”
The company ’ s proficiency in managing cloud resources end-to-end and unique approach to building solutions tailored to each business ’ s needs have attracted a swathe of new customers who need help getting their cloud resources under control , especially in the US , where there has been particular growth in the AI and logistics industries .
Gartner expects the global cloud market to grow 20.4 % to total US $ 678.8 billion in 2024 , up from US $ 563.6 billion in 2023 , while predicting the cloud will have shifted from technology disruptor to business necessity by 2028 . Hyve is seeing huge demand for its bespoke approach to building and maintaining cloud stacks . Buoyed by a shift in demand towards managed hybrid and multi-cloud environments , the UK-born cloud provider has onboarded 46 % of its current customers since 2020 , with its US customer base doubling since the start of 2024 .
“ Hyve understood our unique mission to create a more transparent and accessible approach to AI and helped us come up with a hosting solution finely-tuned to our business goals to reflect this ,” said Vadim Asadov , VP of Symbolic Mind . “ Before our collaboration with Hyve , it seemed impossible to build the server we needed , or else the cost was prohibitive . Working with Hyve was so straightforward . The team was transparent and communicative throughout , and we were able to see and understand the whole process . I have no doubt this will be a very beneficial and long-term relationship .”
Motivated by the successful establishment of the new global hubs , Hyve is looking to capitalise on its growth and double its headcount in the US office in the next quarter alone . The company also plans to focus on teaming up with strategic channel partners to support its tailor-made approach through the next stage of its growth . �
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