Amazon Actively Expands Southeast Asia Cloud Business Market, Plans to Invest US $13 Billion in India in Next 7 Years
Amazon Web Services (AWS), Amazon's cloud computing arm, said on Thursday it plans to invest in India's cloud infrastructure by 2030..06 trillion rupees (about 13 billion U.S. dollars) to meet growing demand。New investment spending will include spending on construction, server computers and telecommunications infrastructure。
It is understood that e-commerce giant Amazon SA is planning to bet on the growth of the South Asian country's digital economy, like other global tech giants.。
Specifically, Amazon's cloud computing arm, Amazon Web Services (AWS), said on Thursday it plans to invest in India's cloud infrastructure by 2030..06 trillion rupees (about 13 billion U.S. dollars) to meet growing demand。New investment spending will include spending on construction, server computers and telecommunications infrastructure。
It is worth noting that the latest investment will be used to build cloud infrastructure in India, which will support more than 100,000 full-time jobs every year.。The future cloud platform will provide more than 200 services, including storage, robotics and artificial intelligence.。
The company said in a statement that it has invested $3.7 billion in India from 2016 to 2022 and currently operates two cloud business data centers in the Indian region, one in Mumbai, launched in 2016, and the other in Hyderabad, launched in 2022.。
In addition, Amazon also mentioned in the statement that by 2030, the total planned investment of AWS in India will reach about $16.4 billion。
To boost its web services business, Amazon said it has trained about 4 million people in India since 2017 to equip them with cloud skills, while also investing in six utility-scale renewable energy projects.。
Amazon's AWS division has been investing extensively around the world to provide seamless connectivity.。Earlier this year, the company also said it plans to invest $6 billion in Malaysia by 2037.。
However, GF's investment does not seem to have brought a better improvement to Amazon's AWS cloud business.。After the U.S. stock market on April 27, Amazon released its first quarter 2023 results。Amazon's first-quarter revenue rose 9% year-on-year to 1273, according to earnings data..$5.8 billion。Among them, Amazon's Web Services business (AWS) generated 213 revenue in the first quarter..$500 million, up 16% YoY and down 1% QoQ。
In a post-earnings call, Amazon also said that the company's AWS growth rate in April may be about 5 percentage points lower than in the first quarter.。
In recent years, Southeast Asian countries seem to have become a new investment base for a number of tech giants。India in particular, where tech companies from Apple to Netflix are aggressively expanding。In addition to tech companies, Wall Street banks and global insurers have long operated tech hubs in the country, a range of businesses that are accelerating the growth of India's cloud services market.。
According to IDC, the average annual growth rate of cloud services in India is currently 23%, or $13 billion by 2026.。
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