Invested $3.71 Bn In Cloud Infra, Job Creation Since 2016: AWS

SUMMARY

India is witnessing a great momentum towards digitisation in areas such as education, healthcare and space: AWS’s Max Peterson

AWS is optimistic about India’s digital vision and the company is well positioned to help the country become a $5 Tn economy by 2030: Peterson

AWS is gearing up to unveil its second infrastructure cloud region in Hyderabad later this year

Cloud service giant Amazon Web Services (AWS) has invested $3.71 Bn in strengthening its cloud infrastructure and generating jobs in India in the last six years.

“Following the launch of the AWS Asia Pacific (Mumbai) Region in 2016, AWS has invested $3.71 billion in local infrastructure and jobs across India,” AWS’ vice president of worldwide public sector Max Peterson told news agency PTI.

Peterson also said that India is witnessing a ‘great momentum’ towards digitisation in areas such as education, healthcare and space. He further noted that the company is optimistic about India’s digital vision, adding that AWS is well positioned to help the country become a $5 Tn economy by 2030.

The executive also said that the company has announced new cohorts for research on quantum computing in India. As part of this, AWS has set up a lab in collaboration with the Ministry of Electronics and Information Technology (MeitY) and the Office of the Principal Scientific Adviser to the Government of India.

AWS is gearing up to unveil its second infrastructure cloud region in Hyderabad later this year. The two cloud regions will enable the company to scale up its offering and target a growing number of clients in the country. In addition, AWS also offers services via its edge locations in Bengaluru, Chennai, Hyderabad, Mumbai, New Delhi and Kolkata.

The announcement comes at a time when startups and other digital-first businesses have ramped up their focus on leveraging cloud technologies.

With more and more companies moving their consumer-side business and internal systems online, cloud infrastructure solutions have seen a massive adoption among firms and startups alike.

Benefits such as offering enterprise-grade security, flexibility while scaling up operations, and keeping development costs under check have led to more companies adopting cloud infrastructure. AWS aims to tap into that and add more clients to its user base in the country.

AWS primarily competes with other giants such as Google Cloud Platform (GCP) and Azure in the space.

According to IDC, India’s public cloud services market generated a revenue of $4.6 Bn in 2021. The report further noted that the market is projected to reach $13.5 Bn in revenue by 2026, growing at a CAGR of 24%.