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Amazon announced at the end of 2021 that it would be investing approximately $5 billion in Indonesia over the next 15 years.
This is just a small portion of investments pouring into the battleground that is Indonesia’s growing data market.
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Indonesia has the 4th largest population in the world and is expected to be the fastest-growing IT market in the Asia Pacific with a compound annual growth rate (CAGR) of 8%.
Moreover, the rising demand for digital services has made Indonesia a hotspot for big tech to provide its cloud computing services.
Through the implementation of cloud services, Indonesia can expect US$10.7 Billion to pour into its economy over the next 5 years.
The cloud industry currently has a CAGR of 25%.
The growing investments from big tech companies also have other benefits on Indonesia’s economy.
Startups now have cheaper access to data and computing services.
Moreover, during the pandemic, SME’s in Indonesia have also reported an increase in cloud computing usage which aided new revenue channels for businesses.
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