Amazon Web Services Will Continue to Invest in Mexico

Amazon Web Services (AWS) announced that it will continue to invest in Mexico and the Latin American region. Jaime Vallés, Vice President Latin America, AWS, said that the company will open new offices in Monterrey and Jalisco. AWS is also installing a new infrastructure center in Queretaro. 

“We are going to continue investing in the [Latin American] region, to the extent that our clients continue to ask us for [our services]. So, more than a business plan, we are going to continue moving at the same speed,” Vallés told Efe.

Amazon began implementing its cloud solutions arm in 2016 and is set to open new local data centers in Argentina, Brazil, Chile, Colombia, Mexico and Peru, increasing its already robust infrastructure supply, said Vallés. The AWS Cloud has 87 Availability Zones in 27 different geographic regions around the world. The company plans to integrate an additional 21 Zones. Vallés added that the market potential in Latin America could escalate to more than US$500 billion. 

Cloud services have risen 31 percent since 2020, as the pandemic forced confinement and the development of digital measures and solutions that could fulfill consumer demands. However, many businesses and applications have not migrated to the cloud, representing a large growth opportunity. Only 20 percent of businesses and applications in Latin America have migrated to the cloud. 

Vallés explained that AWS is now the "the powerhouse of cloud solutions," and offers more than 200 services that include support and technology for any company. The AWS Vice President said that innovative ideas adequately fit the company’s support models, as it continues to offer financing, as was the case of Brazilian technology finance company Nu, which is now the largest fintech in the Latin American region. 

“One of the big issues is that you have to access the best technology from day one; it allows you to scale your business very quickly and it allows you to draw prototypes at a low cost,” said Vallés.