On 7th February, Larsen & Toubro (L&T) and Microsoft India, announced the signing of a Memorandum of Understanding (MoU) to develop a regulated sector cloud offering to empower customers with the best-of-breed cloud computing and infrastructure services. In line with emerging regulations, L&T and Microsoft will co-engage with a defined set of large customers in regulated sectors to develop architectures and roadmaps to modernize their traditional data centers to potentially hybrid models and advance their digital innovation goals.
In line with emerging regulations, L&T and Microsoft will co-engage with a defined set of large customers in regulated sectors to develop architectures and roadmaps to modernize their traditional data centers to potentially hybrid models and advance their digital transformation goals, L&T said in a statement.
The two companies will set up a joint governance group to define future platform designs, investments, and commercial/business models to service the regulated sectors' emerging technology requirements. Senior leadership teams of both organizations will be engaged collectively on this as the association evolves.
Microsoft is excited to collaborate with L&T to support the public sector and the other regulated industries as they seek to accelerate digital services to benefit all parts of India. This partnership is expected to enable the development of a scalable cloud infrastructure model for the sectors to accelerate their digital innovation, in alignment with the data location and security needs of India.
Enterprise spending on cloud infrastructure services surpassed the US$50 billion mark in the fourth quarter of 2021, up by 36% year-on-year and giving the market an annualized value of more than US$200 billion, with Amazon Web Services still by far the most dominant single player with a 33% market share, according to statistics shared by Synergy Research Group. But Microsoft is gaining ground as its market share hit 21% in Q4 2021, up by 9% points since the end of 2017.
Join our WhatsApp Channel to get the latest news, exclusives and videos on WhatsApp
_____________
Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.