Wednesday, November 11, 2020

Another $2.8 billion, Amazon bets on the Indian market

In India, continued efforts to cloud computing and e-commerce.

In Amazon's layout, India's position is becoming more and more important.

According to TechCrunch, Amazon will invest approximately US$2.8 billion in Telangana in southern India to establish a new AWS cloud region. The project is scheduled to be completed in mid-2022. This will be Amazon's second cloud computing region in India.

In an interview with the media, the chief analyst of consulting firm Convergence Catalyst mentioned that by having more cloud regions in India, Amazon will more easily comply with the country's data localization policy. This compliance will also help Amazon attract more customers in the Indian cloud computing market.

According to data from the market research organization IDC, it is estimated that by 2024, India's public cloud market will be worth 7 billion U.S. dollars.

In addition to cloud computing, Amazon e-commerce is also tilting more resources to India, especially in the field of e-commerce.

In the latest quarter’s previous earnings report, Amazon’s Chief Financial Officer Brian Olsavsky said: “With the growth of sales, the company will continue to increase investment in the international market, especially in the Indian market, without being affected by the epidemic. influences."

Technology investor Gene Munster said in an interview with CNBC that India may contribute 15%-20% of Amazon's growth in the next five years. Up to now, Amazon has invested 6.5 billion US dollars in Indian business.

No comments:

Post a Comment

Introducing Your Go-To Source for the Latest in AI Technology News

Introducing Your Go-To Source for the Latest in AI Technology News AI technology is rapidly advancing and changing the way we liv...