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.
International Data Corporation , 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 per cent between 2021-2026. 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."We will continue to recruit in India," Paulin said, adding OVH had created jobs last year in Mumbai to prepare the launch and implement the technical infrastructure.
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