CIOInsider India Magazine
Amazon Bolsters its Cloud Offering in Europe
According to Amazon’s is giving more power to its cloud offering in Europe, Amazon's computing unit AWS is in negotiations with Italy to invest billions of euros in the growth of its data center business in the nation.
Reports state that talks between the parties over the location and magnitude of the investment are still in progress, with one of them mentioning Amazon’s websites.
AWS announced plans to invest 2 billion euros ($2.2 billion) by 2029, including the launch of its first cloud region in Italy in 2020.
According to its website, among its clients in the nation are insurer Assicurazioni Generali and luxury automaker Ferrari.
AWS just revealed a 15.7 billion euro investment in data centers located in the northeastern Aragon region of Spain. This replaces the 2.5 billion euro 10-year plan that the business had previously announced in 2021 specifically for the country.
Through 2040, AWS intends to invest 7.8 billion euros in Germany.
When Telefonica Deutschland revealed earlier this month that it will be migrating one million consumers to the AWS cloud, it acquired its first client.
In an effort to safeguard government and customer privacy in highly regulated businesses, Amazon last year revealed intentions to store data on servers situated in the European Union.
Many large corporate clients have resumed spending on cloud computing, according to analysts and executives, after taking a break last year. This is because artificial intelligence is fueling a surge in growth for the $270 billion cloud infrastructure market.
Reports state that talks between the parties over the location and magnitude of the investment are still in progress, with one of them mentioning Amazon’s websites.
Intesa Sanpaolo, the largest bank in Italy, signed a historic agreement with Alphabet in 2020 to provide cloud services. To establish the two cloud regions that Intesa depends on, Alphabet has invested one billion euros in Italy.
A year ago, Microsoft declared that it will be establishing its first cloud region in Italy as part of an investment plan that would cost $1.5 billion and be unveiled in 2020.
