This move is expected to provide jobs and support for local businesses and startups
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.