Cloud data centers could become increasingly essential for the company
Amazon is set to open New Zealand’s first cloud data center in 2024, providing jobs and support for local business and startups. This is likely in response to the growing reliance on cloud computing during the COVID-19 pandemic, with forecasts from GlobalData predicting that cloud data traffic will increase from 88% of all data traffic in 2016 to over 95% by the end of 2021.
GlobalData’s latest report, “Thematic Research: Technology - Data Centers Report 2020,” reveals the global data center market is set to double in the next 10 years from $466 billion in 2020 to reach $948 billion by 2030, growing at a compound annual growth rate (CAGR) of 6.7%. Much of this market expansion will come from building more hyperscale data centers to support the high levels of throughput and performance efficiency required by big tech companies, like Amazon.