This move is expected to provide jobs and support for local businesses and startups
Amazon is set to open its first cloud data center in New Zealand. Source: pixabay.com
According to GlobalData, Amazon is going to open New Zealand’s first cloud data center in 2024 thus increasing cloud data traffic from 88% of all data traffic in 2016 to over 95% by the end of this year.
The report has found that the global data centers market is set to double over the next 10 years from $466 billion in 2020 to reach $948 billion by 2030. That’s a 6.7% growth at a compound annual growth.
Much of this market growth will come from building more hyper-scale data centers to support the high levels of throughput and performance efficiency required by Big Tech players.
In fact, the coronacrisis has made the internet to become a lifeline for many enterprises, facilitating the use of collaboration software and enabling remote work. As a result, this has boosted demand for cloud-based services, with businesses becoming increasingly reliant on data centers.
We’ve reported that J.P. Morgan announced the launch of Digital Bill Payment solution.
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