To meet the surging demand for cloud computing and artificial intelligence (AI) infrastructure in Japan, Oracle Corporation has revealed its intention to invest over $8 billion into the country over the next decade. The objective is to strengthen the position of Oracle Cloud Infrastructure, the company’s cloud computing service, in the Japanese market.
Growing Footprint of Oracle Cloud Infrastructure
Oracle’s increasing investment shows that the company aims to serve the growing demand in the Japanese market by adapting to its needs. Through growing the space of Oracle Cloud Infrastructure, the tech giant is trying to meet the increasing demand for cloud-based services as well as artificial intelligence in the region.
Besides increasing its cloud infrastructure, Oracle is also aiming to widen its operations and support engineering in Japan. The company plans to increase its workforce by hiring local statistical experts, which enables it to provide timely and relevant services to its client base.
Oracle’s huge investment is part of a global trend that is revealing itself as online company giants are investing in new technologies. Both Microsoft Corporation and Amazon Web Service (AWS) engage in significant investment in the reinforcement of data centers and infrastructure in Japan.
As per a report by Nikkei Asia, Microsoft has approved a $2.9 billion budget for investment in the next two years. On the other hand, AWS, a leading cloud service provider worldwide, has projected to invest 2.26 trillion yen ($19.9 billion) in the next five years.
Implications for the Japanese Market
The massive investments from Oracle and other world-famous technology leaders are forecast to create ripples that will impact the basis of the Japanese tech industry for decades to come. By means of improved cloud computing and AI systems, Japanese businesses will have an opportunity to take advantage of the latest technologies in order to uncover new innovations, optimize operations, and become more competitive in the intensely competitive market.
Oracle’s $8 billion commitment to Japan investment reflects its emphasis on growing capabilities in the areas of cloud computing and AI. Oracle looks to further strengthen its presence in the Japanese market to meet the rising demand for cloud-based services as well as to aid digital transformation initiatives of businesses of all kinds of sectors. With growing investments of major technology companies in building data centers and infrastructure in the country, there are sustained expectations that it will emerge as a significant tech innovation and development hub in the future.
This article originally appeared on Reuters
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