OVHcloud named ‘Star’ as Asia blockchain sector hits USD $57bn
OVHcloud has been recognised as a 'Star' in the MarketsandMarkets Blockchain Market Forecast to 2030 report for the second consecutive year.
Report findings
The recognition of OVHcloud comes at a significant period for the Asia Pacific blockchain sector, which the MarketsandMarkets report predicts will experience a 68.4% compound annual growth rate through to 2030, resulting in a market value of USD $57 billion. The report highlights that Asia accounts for 32% of the world's active blockchain developers and nearly 20% of global wallet use, with Singapore noted as the fastest growing blockchain market in the region.
Key contributing factors to Singapore's advancement in blockchain include regulatory and project-based initiatives such as the Monetary Authority of Singapore's Payment Services Act, Project Guardian's institutional decentralised finance pilots, and the Global Layer One (GL1) initiative with international banks.
Recognition and commitment
"Last year, we were promoted to a 'Star' from a 'Pervasive Player,' and this year, we have advanced even further in the rankings. Over the past year, we have significantly deepened our investment in supporting the blockchain ecosystem and it is rewarding to see those efforts deliver tangible results. This recognition reinforces our long-term commitment to blockchain and the strength of our execution in the region," said Terry Maiolo, Vice President-General Manager Asia Pacific, OVHcloud.
OVHcloud hosts around 10% of the Ethereum Mainnet and 26% of Solana nodes, indicating a considerable presence in the blockchain infrastructure landscape. The company recently launched a blockchain and Web3 startup accelerator, now assisting 20 startups by providing credits, training, and mentorship. These efforts are made in partnership with organisations such as Alchemy and Solana Superteams.
Transparency and sustainability
The MarketsandMarkets report also recognised OVHcloud for its emphasis on transparency, performance, decentralisation, and sustainability. The company's infrastructure is designed to enable blockchain operators to maintain strong environmental standards while offering robust, multi-regional cloud capabilities.
One of the highlighted measures is OVHcloud's investment in a data centre in Singapore that employs proprietary watercooling technology, advanced energy-efficient design, and recycling strategies. This facility aims to provide dependable cloud solutions and aligns with Singapore's green data centre regulations.
Ongoing focus in Asia Pacific
"As blockchain adoption in Singapore and Asia Pacific accelerates, OVHcloud remains focused on providing secure, sustainable, and future-ready infrastructure for enterprises and developers. Our commitment to blockchain is unwavering and we are here to build the future together," said Terry.
According to the MarketsandMarkets report, ongoing collaborations between regulators and the private sector, as well as emerging use cases in decentralised finance, are forecast to continue driving blockchain uptake across Asia Pacific. OVHcloud's role in hosting a considerable share of major blockchain validators forms part of this growth trend, supplementing regional expertise and infrastructure provision.
OVHcloud's recent initiatives in mentoring and supporting blockchain startups reflect the ongoing development of the blockchain sector and contribute to fostering an ecosystem designed to match the pace of expected market expansion through 2030.
