The logo of Google LLC is seen in the Google Store ChelseaGoogle Store Chelsea in New York City.
The Reuters- Alphabet Inc. company said on Thursday that it will set up its second cloud region in Italy, underscoring the country's efforts to become a global hub for cloud computing.
The second cloud region opens in the northern Italian city of Turin, with an existing one in Milan. Cloud regions refer to clusters of data centers in a location that will allow customers to get faster access to data.
In the blog, Enrico Bagnasco, executive director for information systems at Intesa Sanpaolo, said that a cloud hyperscaler like Google with two regions in the national territory will allow all Italian companies and the Public Administration to access the cloud.
Google Cloud regions of Milan and Turin could generate a new market that could be valued at around 1.90 billion euro $2.07 billion in a three-year period through 2025, according to the data from an independent study.