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Hyperscale Data Center Market to grow by USD 371.3 Billion (2024-2028) as demand for colocation facilities rises, Report on AI driving market transformation – Technavio

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NEW YORK, Dec. 9, 2024 /PRNewswire/ — Report with the AI impact on market trends – 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..

Key insights into market evolution with AI-powered analysis. Explore trends, segmentation, and growth drivers- View Free Sample PDF

Hyperscale Data Center Market Scope

Report Coverage

Details

Base year

2023

Historic period

2018 – 2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 37.58%

Market growth 2024-2028

USD 371.3 billion

Market structure

Fragmented

YoY growth 2022-2023 (%)

27.51

Regional analysis

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

Performing market contribution

North America at 35%

Key countries

US, China, India, UK, and Germany

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.

Market Driver

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. 

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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.

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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 AfricaComponentData Center SizeIndustry

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.

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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 AfricaComponentData Center SizeIndustry

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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Luxor Expands LuxOS to MicroBT WhatsMiner, and MicroBT Intends for a Strategic Investment

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SEATTLE, April 26, 2026 /PRNewswire/ — Today, Luxor Technology Corporation (“Luxor”) announces the expansion of LuxOS firmware support to MicroBT WhatsMiner series miners, growing the LuxOS ecosystem. In addition, MicroBT, via its investment manager Inflection Technology Limited (“ITL”), has signed a term sheet to make a strategic investment into Luxor. Luxor has also committed to a US$100,000,000 purchase of MicroBT WhatsMiner hardware.

Luxor is working directly with a select group of mining partners to deploy and expand model support over time. With more than 300,000 Bitcoin mining machines already running LuxOS globally, Luxor brings to the WhatsMiner ecosystem the same enterprise-grade firmware infrastructure that large-scale mining operators rely on. MicroBT hardware represents a significant share of global Bitcoin mining capacity, and with this expansion, those operators now have access to flexible firmware features.

WhatsMiner fleets running LuxOS gain access to Power Targeting, Advanced Thermal Management, safe rapid curtailment, and faster ramp-up time — unlocking new capabilities beyond stock settings. Power Targeting delivers consistent, predictable performance across individual machines and makes infrastructure planning easier at scale. When shifting power targets, LuxOS completes the transition in 30-60 seconds while continuing to hash at higher hashrates — capturing additional hashrate. LuxOS also improves ramp-up time across curtailment events, reaching full capacity faster and reducing the unharvested hashrate lost every time machines cycle. Initial support spans select models in the M50 series. For the full list of supported models, visit docs.luxor.tech.

“We are excited to build on the MicroBT WhatsMiner platform. We are consistently impressed by their ability to execute with high-quality machines. Our clients have been asking for WhatsMiner firmware for years, and we have shipped a product that is going to help deliver significant profitability and usability benefits. We are also excited to welcome MicroBT as a strategic investor.”

— Lauren Lin, Head of Hardware and Software of Luxor

“Luxor has continued to be one of MicroBT’s trusted global partners. With their talented engineering team, we are excited they are building on top of the Whatsminer platform. We are happy to be taking a strategic position in Luxor and supporting their continued growth through this hardware partnership.”

— Dr.Yang, CEO and Co-Founder of MicroBT

Operators running LuxOS have access to Luxor’s full-stack mining experience: pool, hashrate derivatives, energy services, and Luxor Commander for fleet management — unified under a single platform. Commander includes Intelligent Miner, which keeps fleets running at peak profitability by continuously adjusting power settings based on real-time hashprice and energy prices.

Luxor is rolling out LuxOS for WhatsMiner in a phased approach, onboarding operations directly to ensure a high-quality deployment experience. Mining operations running WhatsMiner hardware can express interest in access at luxor.tech/contact.

About Luxor Technology Corporation

Luxor delivers hardware, software, and financial services that power the global compute and energy industry. Its product suite spans Bitcoin Mining Pools, ASIC Firmware, Hardware trading, Hashrate Derivatives, Energy services, a Miner Management software, Commander, and a bitcoin mining data platform, Hashrate Index.

If you are interested in contacting Luxor, please email sales@luxor.tech.

View original content:https://www.prnewswire.com/news-releases/luxor-expands-luxos-to-microbt-whatsminer-and-microbt-intends-for-a-strategic-investment-302753797.html

SOURCE Luxor Technology

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GLN Connects to Vietnam’s National QR Network, Enabling Nationwide QR Payments

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Direct access to Vietnam’s nationwide QR payment networkEnabling payments via partners’ home-market banking and fintech apps without currency exchange

SEOUL, South Korea, April 26, 2026 /PRNewswire/ — GLN International has launched a nationwide QR payment service in Vietnam in partnership with NAPAS, marking its direct integration into the country’s national QR payment infrastructure.

The service was introduced at a launch ceremony on April 23 in Vietnam, attended by the State Bank of Vietnam (SBV), NAPAS, BIDV, and Hana Bank.

GLN leads the operation of the payment system connected to Vietnam’s national QR network and has driven its technical integration, as part of Hana Financial Group’s cross-border initiatives. Hana Bank participates as the only Korean financial institution designated as a settlement bank under SBV approval.

Vietnam’s payment infrastructure is built on the VietQR Global system operated by NAPAS, linking banks and merchants nationwide. Through this integration, GLN enables users of partner apps to access the network, expanding acceptance. The partnership is also expected to support inbound use cases, allowing Vietnamese users to make QR payments in Korea via their local apps.

The service is available across tourist destinations, including Da Nang, Phu Quoc, Nha Trang, and Ho Chi Minh City, across everyday merchants. Payments can be made through GLN-connected partner applications, including major Korean fintech apps such as Toss, PurpleGLN, Hana OneQ, Hana Money, and Hana Card, without currency exchange. The service is expected to expand to platforms, including Naver Pay and KB Banking App.

Seok Lee, CEO of GLN, said, “This launch marks a significant step in connecting Korea and Vietnam through a unified QR payment infrastructure. By integrating with Vietnam’s national QR network, we enable a simple payment experience for travelers using the apps they already use in their home market, without currency exchange. We will continue to lead overseas payments and cash withdrawals without physical cards.”

Meanwhile, GLN, a subsidiary of Hana Bank under Hana Financial Group, provides QR payment and QR withdrawal services across 14 countries in Asia, including Vietnam, China, Thailand, the Philippines, Laos, and Japan, with access to more than 200 million QR merchants globally. The company is a leading cross-border payment infrastructure provider in Asia, connecting users and merchants across markets. It has also established partnerships with overseas financial platforms, including Moreta Pay (North America), DeCard App (Singapore), and Taishin Bank (Taiwan).

 

View original content to download multimedia:https://www.prnewswire.com/news-releases/gln-connects-to-vietnams-national-qr-network-enabling-nationwide-qr-payments-302753730.html

SOURCE GLN International

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VARON Celebrates 5 Years Supporting Easier Breathing for Customers Worldwide

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NEW YORK, April 24, 2026 /PRNewswire/ — VARON is celebrating a meaningful milestone, its 5th anniversary, and is taking this moment to thank customers around the world who have trusted its oxygen therapy solutions over the years. What started as a mission to make breathing support more accessible has grown into a global community of users relying on VARON’s advanced oxygen machines in their daily lives.

This anniversary is not just about the company’s growth, but about the people behind it—the individuals and families who have chosen VARON for comfort, independence, and peace of mind.

Five Years of Supporting Easier Breathing and Everyday Living

Over the past five years, VARON has focused on one simple idea: making oxygen therapy easier to use, easier to move with, and easier to trust. From home use to travel needs, the brand has continued improving its range of oxygen machines to support different lifestyles and health needs.

Today, VARON offers a full lineup that includes compact portable oxygen concentrator models and reliable at home oxygen concentrator systems designed for long-term use. Many users also prefer VARON’s lightweight oxygen concentrator options, which allow more freedom of movement without sacrificing performance.

“Our customers are at the center of everything we do,” VARON CEO shared in a message marking the anniversary. “We are deeply grateful for the trust placed in us over the past five years. Every device we create is built with real people and real daily needs in mind.”

Designed for Real Life: Home and On-the-Go Oxygen Support

VARON’s oxygen solutions are designed to fit into everyday routines—whether at home, during travel, or while staying active.

At home users continue to rely on models like the Serene 5 Home Oxygen Concentrator, which delivers steady medical-grade oxygen with quiet operation and simple controls. The Serene 3 offers a compact option for those who want efficient oxygen support in a smaller footprint.

For users needing flexibility, the VH-2 Pro Home Oxygen Concentrator provides adjustable flow settings and added features like nebulization support, making it a practical choice for daily home use.

On the portable side, VARON continues to expand independence for users who need oxygen on the move. The VP-8G Ultra Portable Oxygen Concentrator stands out for its ultra-lightweight design at just 4.37 lbs, making it easy to carry while traveling or running errands. The VP-6 Continuous Portable Oxygen Concentrator and VP-2 Portable Oxygen Concentrator offer additional options with adjustable flow settings and dependable oxygen delivery.

Each portable oxygen concentrator is designed with user comfort in mind—lightweight, easy to operate, and built for mobility without stress.

A Simple Way to Say Thank You: Anniversary Discounts and Free Gifts

To celebrate its 5th year, VARON is launching a limited-time global appreciation event with special savings across its entire product range.

Customers can enjoy featured anniversary offers:

18% OFF sitewide across all oxygen machinesFree VARON gifts, including a $30 store gift card and extra nasal cannulas with every machine purchaseUp to 40% OFF selected featured productsAutomatic discounts applied at checkout—no codes needed

Customers can also save more with bundle options such as the VP-8G Super Bundle and extra battery packages for VP-6 and VP-2 models.

“These anniversary offers are our way of saying thank you,” VARON CEO shared. “We want to make it easier for more people to access reliable oxygen support at home and on the go.”

Looking Ahead with Customers at the Center

As VARON moves into its sixth year, the company remains focused on improving its oxygen therapy technology and expanding accessibility worldwide. Future development will continue to focus on making portable oxygen concentrator devices lighter, more efficient, and easier to use in everyday life.

The goal remains simple: to help more people breathe easier and live with greater confidence and independence.

About VARON

VARON is a trusted provider of oxygen therapy solutions, offering a wide range of at home oxygen concentrator systems, portable oxygen concentrator devices, and advanced oxygen machines designed for home, travel, and personal use. The company is committed to creating lightweight oxygen concentrator technology that supports comfort, mobility, and better quality of life.

For more information on VARON’s 5th anniversary offers and full product lineup, customers are encouraged to visit the official VARON website.

Media Contact:
VARON Oxygen Concentrator
Email: support@varoninc.com
Website: https://varoninc.com/

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SOURCE Varon oxygen concentrator

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