IBM is reportedly planning to invest $1.2bn to expand its cloud service offerings, as well as its client base and markets
Being planned in the wake of 2013 acquisition of SoftLayer, the latest investment involves construction of about 15 new data centres across five continents, bringing its overall cloud centres to 40, as well double cloud capacity for SoftLayer, which leases online storage space to firms.
The new cloud centres will be located in Washington DC, Mexico City, Dallas, China, Hong Kong, London, Japan, India and Canada, with further expansion plans in the Middle East and Africa in 2015.
IBM said in a statement: "This global expansion is aimed at accelerating into new markets based on growing client demand for high-value cloud."
The US tech firm also projects that the cloud services market would reach $200bn by 2020.
The acquisition of Dallas-based SoftLayer offered IBM with 2,400 new clients, while its web hosting technology will be used for delivering cloud services.