Amazon has a ‘$5 billion plan' to meet Asia's growing cloud demand
Amazon
has announced a plan to invest more than $5 billion to meet Asia's growing demand for cloud services. The investment will be focused on the Taipei region of Taiwan. According to a report by the news agency Reuters, the company has launched its
Amazon Web Services
(AWS) Asia Pacific (Taipei) Region. This investment is designated to support the construction, connection, operation, and maintenance of its data centres in Taiwan, Reuters reports. This investment is expected to improve the local economy and deliver advanced cloud solutions to businesses throughout Asia, Reuters noted.
What the company said about the investment
In a statement to BreakingTheNews, Prasad Kalyanaraman, vice president of Infrastructure Services at AWS, said: 'The new AWS Asia Pacific (Taipei) Region will enable organisations of all sizes to build and scale with confidence using our comprehensive suite of cloud services, ranging from foundational compute and storage to advanced analytics and artificial intelligence, all while meeting local data residency requirements.'
As per IndexBox data, the cloud computing market in Asia is likely to grow substantially, with Taiwan playing a pivotal role in the region's digital transformation. Amazon's strategic move seems to aim to tap into this rising demand by providing scalable and secure cloud services to a wide array of industries.
Statista's data claims that revenue from the public cloud market in Asia is expected to hit US$169.29 billion in 2025. The market is predicted to grow at an average rate of 19.34% per year between 2025 and 2029, reaching a total value of US$343.33 billion by 2029, as per Statista.
Amazon's latest investment will expand AWS' footprint in Taiwan, where it has maintained a presence since at least 2014.
AWS plays a key role in advancing Amazon's artificial intelligence initiatives and is a leading provider of the computing power required to run AI models.
In addition to its core e-commerce business, AWS is a significant revenue contributor for Amazon and has seen strong growth over the past two years, driven by rising demand for AI capabilities.
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