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Hyperscale Data Center Market size is set to grow by USD 371.3 billion from 2024-2028, rising demand for data center colocation facilities to boost the market growth, Technavio

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NEW YORK, June 18, 2024 /PRNewswire/ — The global hyperscale data center market  size is estimated to grow by USD 371.3 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of  37.58%  during the forecast period.  Rising demand for data center colocation facilities is driving market growth, with a trend towards growing infrastructure innovations. However, consolidation of data centers  poses a challenge. Key market players include Alphabet Inc., Amazon.com Inc., Broadcom Inc., Cisco Systems Inc., CtrlS Datacenters Ltd., CyrusOne LLC, Dell Technologies Inc., Equinix Inc., Hewlett Packard Enterprise Co., Inspur Systems Inc., Intel Corp., International Business Machines Corp., Microsoft Corp., Nippon Telegraph and Telephone Corp., NVIDIA Corp., Oracle Corp., QTS Realty Trust LLC, Schneider Electric SE, Telefonaktiebolaget LM Ericsson, and Viavi Solutions Inc..

Get a detailed analysis on regions, market segments, customer landscape, and companies – Click for the snapshot of this report

Forecast period

2024-2028

Base Year

2023

Historic Data

2018 – 2022

Segment Covered

Type (Critical infrastructure and Support infrastructure), End-user (BFSI, Energy, IT, and Others), and Geography (North America, APAC, Europe, South America, and Middle East and Africa)

Region Covered

North America, APAC, Europe, South America, and Middle East and Africa

Key companies profiled

Alphabet Inc., Amazon.com Inc., Broadcom Inc., Cisco Systems Inc., CtrlS Datacenters Ltd., CyrusOne LLC, Dell Technologies Inc., Equinix Inc., Hewlett Packard Enterprise Co., Inspur Systems Inc., Intel Corp., International Business Machines Corp., Microsoft Corp., Nippon Telegraph and Telephone Corp., NVIDIA Corp., Oracle Corp., QTS Realty Trust LLC, Schneider Electric SE, Telefonaktiebolaget LM Ericsson, and Viavi Solutions Inc.

Key Market Trends Fueling Growth

The hyperscale data center market is experiencing significant growth due to advancements in infrastructure technology. Microservers are poised to replace blade servers, while flash storage and 100 Gb Ethernet are expected to supersede traditional storage. Cooling methods like free cooling, aisle containment, and liquid immersion cooling are being adopted to minimize IT equipment heat exhaust. Rack modifications include improved flexibility and in-rack cooling installations for better cable management. Vendors are innovating with rack-embedded PDUs and multi-mode UPS systems for enhanced performance. These infrastructure improvements are key trends driving the expansion of the global hyperscale data center market. 

The hyperscale data center market is experiencing significant growth, driven by the increasing demand for cloud services and the need for businesses to digitally transform. Companies are investing in data centers to support their expanding operations and improve their infrastructure. Sizes vary from small to large, with some data centers being able to handle petabytes of data. Providers offer various services such as colocation, provisioning, and connectivity. Markets in the US and Europe are leading the way, with China and India also showing strong growth. Data centers are crucial for businesses to store, manage, and access their data efficiently and securely. The use of advanced technologies like AI and machine learning is also increasing to optimize operations and enhance security. Overall, the hyperscale data center market is a dynamic and evolving sector that is essential for businesses in today’s digital economy. 

Research report provides comprehensive data on impact of trend. For more details- Download a Sample Report

Market Challenges

Data center consolidation is a significant trend in the business world, driven by cost savings, improved security, and efficiency. Consolidation, facilitated by virtualization, reduces operational expenses and capital expenditures. However, the process involves risks and challenges, including the need for expertise and time. The consolidation of data centers can hinder infrastructure sales and reduce the overall footprint of data centers. Despite these challenges, the federal government continues to pursue data center consolidation to optimize costs and resources.The hyperscale data center market is experiencing significant growth due to the increasing demand for cloud services and digital transformation. However, this growth brings challenges. One challenge is the need for massive capacity and power to support large-scale data centers. Another challenge is the complexity of managing and securing vast amounts of data. Additionally, there is the issue of energy consumption and the need for sustainable solutions. Furthermore, the market is competitive, with various players offering similar services. Lastly, the cost of building and maintaining hyperscale data centers is high. These challenges require innovative solutions and strategic planning to ensure the success of hyperscale data center providers.

For more insights on driver and challenges – Download a Sample Report

Segment Overview 

This hyperscale data center market report extensively covers market segmentation by

Type 1.1 Critical infrastructure1.2 Support infrastructureEnd-user 2.1 BFSI2.2 Energy2.3 IT2.4 OthersGeography 3.1 North America3.2 APAC3.3 Europe3.4 South America3.5 Middle East and Africa

1.1 Critical infrastructure-  The Hyperscale Data Center Market is experiencing significant growth due to the increasing demand for cloud services and digital transformation. Companies are investing heavily in building and expanding their data center infrastructure to support their growing digital needs. Hyperscale data centers offer cost savings through economies of scale and improved operational efficiency. These large-scale facilities are designed to house thousands of servers and offer high levels of reliability and redundancy. The market is expected to continue growing as more businesses move their operations online and require the infrastructure to support their digital initiatives.

For more information on market segmentation with geographical analysis including forecast (2024-2028) and historic data (2018 – 2022)  – Download a Sample Report

Research Analysis

The Hyperscale Data Center Market is experiencing significant growth due to the increasing demand for IP data traffic, particularly from Over-The-Top (OTT) applications and the Internet of Things (IoT). Big Data and its analysis are driving the need for advanced Network Gateway Firewalls (NGFWs) and Cloud-based solutions. Small and Medium Enterprises (SMEs) are also adopting these technologies, fueled by increasing IT spending on Cloud services. Sustainability is a key consideration, with a shift towards Green data centers using renewable energy sources such as Solarvest and Centexs. Infrastructure components, including Data Center Size, are being optimized for Financial Services and other industries. Market Advantages include cost savings, scalability, and flexibility, while Market Opportunities lie in emerging economies and industries. Market Restraints and Challenges include security concerns, regulatory issues, and Capital Expenditure requirements. Cloud Providers continue to innovate, offering advanced features and services to meet these demands.

Market Research Overview

The Hyperscale Data Center Market refers to large-scale data center facilities designed to support the infrastructure needs of cloud computing companies and other technology organizations. These data centers prioritize scalability, efficiency, and flexibility to accommodate the dynamic nature of hyperscale IT environments. They typically employ advanced technologies such as containerization, automation, and high-density computing to optimize resource utilization and reduce operational costs. The market for hyperscale data centers is experiencing significant growth due to the increasing demand for cloud services and the digital transformation initiatives of businesses across various industries. Key features of hyperscale data centers include their massive size, modular design, and the use of renewable energy sources to minimize carbon footprint.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

TypeCritical InfrastructureSupport InfrastructureEnd-userBFSIEnergyITOthersGeographyNorth AmericaAPACEuropeSouth AmericaMiddle East And Africa

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio

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SUNMI Opens Its First North American Store in Atlanta

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ATLANTA, May 22, 2025 /PRNewswire/ — On May 22, 2025, SUNMI, a global leader in smart business IoT solutions, celebrated the grand opening of its first North American store in Atlanta’s central business district, unveiling the upgraded digital transformation experience space “SUNMI Home 2.0.” The event was attended by SUNMI founder Jack Lin, rotating president and CMO Sam Su, and key ecosystem partners, marking a significant milestone. This flagship store embodies SUNMI’s innovative “Regional Headquarters & Flagship Experience Center” model, aimed at accelerating localized digital transformation in the region.

New Third-Generation Product Matrix: Setting a Benchmark for Smart Terminals

SUNMI Home 2.0 showcases its third-generation flagship products, including the global debut of the SUNMI CPad, L3, M3, and the new category Flex 3. This extensive array of smart terminals is supported by SUNMI’s integrated software capabilities, and offers the SUPER Solution dual-system and Hyper Wi-Fi network solutions. Alongside global partners, SUNMI is building a digital engine for the restaurant, retail, and logistics sectors across North America.

SUNMI Home 2.0: A Powerhouse for Business Innovation

Unlike traditional retail outlets, this upgraded SUNMI Home 2.0 seamlessly combines offline experiences with online services:

Offline Operations: The store will host “Channel Co-Building Days” and “Industry Open Days,” inviting partners to engage in customized solution discussions and collaborating with local businesses for regular digital transformation practice sessions. Local retail and restaurant representatives demonstrated how SUNMI devices enhance space utilization and customer experience at the grand opening.Online Upgrades: The upcoming “SUNMI Home” version will integrate 3D VR experiences and an intelligent recommendation system, allowing users to easily locate nearby service points through a map feature, offering tailored industry solutions with a single tap.

Strategic Expansion: Localized Strategies Activate the North American Market

Sam Su highlighted that “Atlanta is a central hub connecting the east and west coasts of North America. Leveraging this headquarters, regional offices and local warehouses along with employees, we will provide customized BIoT solutions through our global supply chain and production network. Our ecosystem partners are essential as we work together to deliver comprehensive industry solutions that enhance user experience.”

Looking Ahead: Driving Business 4.0 Growth

With the Atlanta flagship store operational, SUNMI plans to open five additional SUNMI Homes in the U.S. by 2025, improving customer experience and collaboration through interconnected services.

View original content to download multimedia:https://www.prnewswire.com/news-releases/sunmi-opens-its-first-north-american-store-in-atlanta-302463981.html

SOURCE Shanghai Sunmi Technology Co., Ltd.

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2nd Chance Lottery National Sweepstakes: A New Way to Repurpose Your Losing Tickets for Cash Prizes

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2nd Chance Lottery introduces a unique national sweepstakes allowing players to submit losing lottery tickets for a chance to win weekly and monthly cash prizes. This opportunity is open to players nationwide, including those in states without their own second-chance lottery programs. Participation is completely free, with no financial risk involved.

ORANGE, Calif., May 22, 2025 /PRNewswire-PRWeb/ — 2nd Chance Lottery is an innovative platform offering U.S. residents a chance to repurpose losing lottery tickets for the opportunity to win cash prizes. As the first-ever nationwide ticket repurposing sweepstakes, this service gives players a second shot at winning without any associated cost or risk.

I can’t believe I won. So glad I found The National 2nd Chance Lottery and tried it out.

Unlike traditional state-run second-chance lottery programs, 2nd Chance Lottery operates independently, allowing players from all 50 states, including those without state-sponsored second-chance lotteries, to participate. To take part, players simply upload their losing tickets on the 2nd Chance Lottery website, where they could win a $1,000 weekly prize or a chance to win $100,000 grand prize every month.

How the 2nd Chance Lottery national Sweepstakes Works

Participating in 2nd Chance Lottery is simple, straightforward, and completely free. To enter, participants upload their losing lottery tickets to the platform. There’s no fee to submit, and every eligible ticket automatically enters players into the sweepstakes. Winners are chosen randomly, with no purchase or financial risk involved.

Importantly, 2nd Chance Lottery is fully legal and operates outside of gambling regulations. It’s a fun and risk-free way for people to engage with their lottery tickets and get another chance to win. The platform’s easy-to-use design makes it accessible to anyone, regardless of location.

2nd Chance Lottery’s Early Success

Since launching, 2nd Chance Lottery has rapidly gained popularity, with over 51,000 registered users submitting close to 900,000 tickets. Players have already won over $150,000 in cash prizes. Winners are chosen at random, and prizes are awarded according to the official sweepstakes rules.

Tens of text and video winner testimonials are available on the website. Below are a few:

Paul J., Illinois: “This is absolutely amazing. I never win anything. Thank you second chance lottery.”Kenneth K., New York: “I can’t believe I won. So glad I found The National 2nd Chance Lottery and tried it out.”Marcia T., California: “It’s incredible to win again! Thanks so much to 2nd Chance Lottery!”Robert G., Massachusetts: “I can’t believe I won again! Who would have thought a losing ticket could turn into a win!”Norman N., Virginia: “I kept entering, and it paid off — thank you, 2nd Chance Lottery!”

These stories reflect the growing excitement around the platform, as players discover that losing tickets don’t have to be the end of the story.

Future Growth and Bigger Prizes

As the platform grows, 2nd Chance Lottery is increasing its prize offerings to enhance the experience for participants. With no direct competition in its category, 2nd Chance Lottery National Sweepstakes continues to innovate and provide players with an exciting new way to repurpose their lottery tickets. The platform is committed to offering more opportunities for cash prizes, including gift-cards and micro-cash prizes ensuring that losing tickets still have value.

2nd Chance Lottery is a national sweepstakes, does not involve any form of gambling, and participation is free.

Media Contact

Iman Foroutan, 2nd Chance Lottery National Sweepstakes, 1 (657) 229-5534, info@2ndchancelottery.com, www.2ndchancelottery.com

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SOURCE 2nd Chance Lottery National Sweepstakes

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Group of Seven Shatters Records at Heffel’s Landmark All-Canadian Auction

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Heffel’s watershed all-Canadian auction achieves $22M and shatters records for major artistsGroup of Seven masterpieces from University Club of Toronto collection dominate saleMultiple auction records smashed, including Franklin Carmichael, Arthur Lismer, A.Y. Jackson and Daphne Odjig

TORONTO, May 22, 2025 /CNW/ – Heffel Fine Art Auction House is honoured to celebrate the success of its record-breaking Spring live auction, a watershed evening dedicated exclusively to Canadian masterworks. The all-Canadian sale, held in Heffel’s Toronto saleroom, brought together collectors from across the country and around the globe, united in their pursuit of Canada’s most legendary artists. It was an electric night for the Group of Seven and Tom Thomson, whose major paintings shattered records and contributed to the evening’s overall total of $22 million. As the leader in Canada’s market and ranked among the top auction houses in the world globally, Heffel is proud to champion the nation’s cultural icons on the international stage.

The auction was led by three historic Group of Seven canvases by Lawren Harris, Franklin Carmichael and Arthur Lismer, consigned from the storied University Club of Toronto. These exceptional paintings by Canada’s first national art movement—steeped in institutional history and national pride—anchored a night of landmark results and celebrated a vital chapter in Canada’s cultural history. (All prices are in Canadian dollars and include a buyer’s premium.)

“Tonight was a true celebration of Canada,” said Robert Heffel, Vice President of Heffel. “To see such exceptional works by our country’s iconic artists resonate so deeply with collectors is incredibly rewarding. It’s an honour for our team to help steward these national treasures into their next chapters.”

Highlights from the Heffel Spring 2025 Live Auction

A landmark canvas by Lawren Harris led the evening, drawing serious interest from collectors. Northern Lake, a 1926 masterpiece from the University Club of Toronto collection, realized $3,121,250. The historic painting of international acclaim, awarded a gold medal at the 1926 Sesqui-Centennial Exposition in Philadelphia and exhibited at the Musée du Jeu de Paume in Paris, is a defining example of Harris’s celebrated vision and mastery (est. $2,000,000 – 3,000,000).Leaf Pattern, the dazzling 1922 canvas by Franklin Carmichael shattered both its presale estimate and the artist’s auction record and sold for $2,281,250 at the Heffel sale (est. $700,000 – 900,000). Also consigned from the University Club of Toronto, widely published and exhibited extensively throughout its lifetime, this stunning canvas truly captivated collectors.McGregor Bay Islands by Group of Seven artist Arthur Lismer achieved an exceptional price of $1,621,250, setting an auction record for the artist and marking Lismer’s entry first entry into the million-dollar club. Widely exhibited and long held at the University Club of Toronto, the stunning canvas stands as one of Lismer’s most important works and a quintessential example of the Group of Seven’s vision (est. $600,000$800,000).A.Y. Jackson’s phenomenal Night on the Skeena River set a deserving new auction record for the artist, soaring to $1,081,250 (est. $800,000$1,000,000). Painted during his pivotal Group of Seven years, the dramatic canvas is widely considered one of the finest canvases ever painted by the artist.Tom Thomson’s rare and coveted oil sketches continue to be among the most sought-after works in Canadian art. Three outstanding paintings each surpassed $1 million, showcasing his most iconic subjects and locations; Autumn, Algonquin Park sold for $1,201,250, Canoe Lake, Algonquin Park for $1,051,250 and Dawn on Round Lake (Kawawaymog Lake) for $1,021,250.Important works by Emily Carr realized strong prices in the Heffel auction, including her dynamic seascape canvas Shoreline, which sold for $901,250 (est. $750,000 – 850,000) and British Columbia Forest for $541,250 (est. $250,000 – 350,000), reaffirming the artist’s enduring global appeal. Heffel continues to champion Carr’s incredible legacy and unmatched place in Canadian art history. Carr’s masterworks, together with works by Lawren Harris and other Canadian greats, are on view in the global touring exhibition Northern Lights, currently on at Fondation Beyeler in Basel, Switzerland, before opening at the Buffalo AKG Art Museum in Buffalo, New York.Daphne Odjig’s beautiful Awakening of Spring set a new auction record for the artist and sold for $133,250. The powerful and distinctive canvas exemplifies Odjig’s ability to blend traditional themes with contemporary expression, solidifying her status as a pivotal figure in Canadian art (est. $50,000 – 70,000).

For more information on the works included in Heffel’s spring live auction, visit www.heffel.com.

Heffel is now welcoming consignments for the fall 2025 auction season. The deadline for fall consignments is August 2025.

About Heffel Fine Art Auction House
Since 1978, Heffel has connected passionate collectors across the world with outstanding works of art, with sales of more than $1 billion. Heffel is renowned for its expertise in effectively managing and handling the sale of works from estates, institutional collections, corporate collections and private collections, serving as trusted experts for navigating the complexities of art collections with precision and care. Notable results include the 2016 sale of Lawren Harris’ Mountain Forms for $11,210,000– the record for any Canadian artwork ever sold at auction – as well as Jean Paul Riopelle’s Vent du nord for $7,438,750 in 2017. With galleries and support facilities in Toronto, Vancouver, Montreal and Calgary, Heffel has the most experienced team of specialists in Canada and provides premium client service to both sellers and buyers internationally.

SOURCE Heffel Fine Art Auction House

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