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Amazon subsidiary AWS will invest $5 billion to open multiple data centers in Mexico as demand for cloud computing services increases.
The new data center will be located in the Mexican state of Querétaro, said Ruben Mugartegui, head of AWS Mexico. Reuters. Mugartegui said AWS has been working on the project for more than his five years, and the company plans to distribute the investment over his 15 years.
The move comes against a backdrop of an increase in “near-shoring,” in which many U.S. companies relocate business operations from the Asia-Pacific region due to supply chain disruptions.
For AWS, the news of expanding into Mexico comes after the company announced plans in January to invest 2.26 trillion yen ($15.24 billion) in cloud computing infrastructure in Japan.
Data centers are essential for storing computing machines and other related hardware equipment. Last year, India became the leading market destination for data centers, with 145 cloud and data infrastructure projects recorded from January 2019 to September 2023, according to GlobalData’s FDI database.
Separately, GlobalData experts reported that total global spending by enterprises on private and hybrid cloud services and cloud management platforms reached $160.9 billion in 2021. This figure is expected to reach $297.5 billion by the end of 2026, increasing at a compound annual growth rate of 13.1%.
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by global data
Amazon has invested $3.04 billion in Mexico since entering the market in 2015.
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