Amazon Web Services to Bolster Cloud Infrastructure in India: USD 12.7 Billion Investment by 2030 Amid Global Cloud Native Storage Market Surge
Amazon Web Services (AWS), a key player in the global cloud computing market and a division of e-commerce giant Amazon.com Inc., has earmarked a significant investment of USD12.7 billion in India by 2030. This strategic initiative is aimed at expanding its cloud infrastructure to meet the growing demand for cloud services in one of Asia's fastest-growing digital economies.
In addition to this, Amazon has previously committed USD6.5 billion to its Indian e-commerce operations, underlining its expanding presence in the country's tech sector. AWS has established data centers in Mumbai (2016) and Hyderabad (2022), reinforcing its infrastructure footprint in India. The new investment is anticipated to generate over 100,000 full-time jobs annually, significantly contributing to India's technology-driven employment landscape.
The Indian public cloud services market, where AWS competes with other major players like Microsoft Corp, Google, and IBM, is projected to escalate to USD 13 billion by 2026, growing at a compound annual growth rate (CAGR) of 23.1% from 2021-2026. This is reflective of the broader global cloud native storage market trend, which is expected to balloon from USD 16.0 billion in 2023 to USD 45.8 billion by 2028, at a CAGR of 23.3%.
The cloud native storage market's growth is propelled by an increase in enterprise data volume and the widespread adoption of cloud-native applications. These applications necessitate scalable, resilient, and high-performance storage solutions, a need that traditional systems often struggle to meet. Challenges in this burgeoning market include data loss risks in persistent data storing and limited visibility in distributed cloud-native systems.
Opportunities are abundant in the area of Kubernetes and containerization technologies, which are vital for enhancing application portability and data management. The North American market, particularly the United States, is anticipated to be the largest market for cloud native storage during the forecast period.
Key competitors in this domain include AWS, Microsoft, Google, IBM, and Alibaba Cloud, all of whom are contributing to the dynamic evolution of cloud storage technologies. AWS's investment in India is a significant move, highlighting its commitment to strengthening its global cloud infrastructure network and supporting the burgeoning digital transformation in India and beyond.
Letter to EditorGET AHEAD
Top Research Reports to Fuel Your Industry KnowledgeEditor's Pick
Information and Communication Technology
Insurtech Funding News - Coverdash raises USD 13.5 Million
PODCASTS
Sustainable Digital Transformation & Industry 4.0
Sanjay Kaul, President-Asia Pacific & Japan, Cisco, and host Aashish Mehra, Chief Research Officer, MarketsandMarkets, in conversation on unraveling 'Sustainable Digital Transformation and Industry 4.0'
11 July 2023|S2E12|Listen Now
Generative AI
Prasad Joshi, Senior Vice President-Emerging Technology Solutions, Infosys, and host, Vinod Chikkareddy, CCO, MarketsandMarkets, in exploring the recent advances in AI and the generative AI space.
7 Nov 2023|S2E13|Listen Now
Global Cloud Native Storage Market
Download Whitepaper
Amazon invests USD 6.5 billion in Indian e-commerce, strengthening its tech presence, with AWS data centers in Mumbai and Hyderabad, contributing to over 100,000 jobs annually.
The North American market, led by the United States, is expected to be the largest for cloud-native storage. Key competitors like AWS, Microsoft, Google, IBM, and Alibaba Cloud are pivotal in shaping cloud storage technology.
Follow IndustryNews by MarketsandMarkets
