French software firm OVHcloud has launched its first data centre in India as it expands in the Asia-Pacific region aiming to capitalise on growing cloud adoption amid heightened concerns over data privacy, it said on Monday.
The new data centre in Mumbai will provide Indian businesses with local computer and storage infrastructure to meet changing data compliance needs as India digitalises and pushes for more data protection, OVH said
International Data Corporation (IDC), a market intelligence firm focusing on the tech sector, in December, projected the Indian market for public cloud services would reach $13.0 billion by 2026, with a compound-annual-growth rate of 23.1% between 2021-2026.
“The Indian market is a very…fast-growing market,” CEO Michel Paulin told Reuters, adding OVH had already sold a few hundred servers. OVH’s strategy banks on opening 15 new sites around the world by 2024, also in Sydney and Singapore. Paulin said its high debt loans capacity credit and additional 200 million-euro funding from the European Investment Bank meant it could fund growth for the next four years. The company already has over 30 data centres in the world and employs over 2,200 people.