Here's A Reminder Just How Massive Amazon's Web Services Business Is
With the recent debut of Amazon's streaming music service and the upcoming launch of what will likely be a new smartphone, it's easy to forget about a major part of the company's business: It's computing services platform, Amazon Web Services (AWS).
Amazon Web Services accounted for 37% of the $9 billion infrastructure as a service (IaaS) market in 2013, according to analysts from equity research company Evercore. The IaaS market is growing by 45%, but Amazon Web Services has a growth rate of 60%.
AWS also has more than five times the computational capacity of its 14 next IaaS competitors combined, according to a Gartner report published last fall.
Unsurprisingly, Amazon is just as competitive with Web Services pricing as it is with its retail pricing. Just days after Google announced that it was reducing costs of some of its cloud services, Amazon slashed its own prices, proudly touting its 42nd price-cut in six years.
Here's how Amazon stacks up against the competition when it comes to revenue:
Disclosure: Jeff Bezos is an investor in Business Insider through his personal investment company Bezos Expeditions.
- Impact Player rule has disrupted balance of game: Virat Kohli
- Markets end special trading session with gains
- Nepal bans sale of Indian spice-mix products over quality concerns
- IPL 2024: Rohit Sharma receives special medal for his fantastic performance against LSG
- Markets trade on firm note in last part of special trading session
- Nothing Phone (2a) blue edition launched
- JNK India IPO allotment date
- JioCinema New Plans
- Realme Narzo 70 Launched
- Apple Let Loose event
- Elon Musk Apology
- RIL cash flows
- Charlie Munger
- Feedbank IPO allotment
- Tata IPO allotment
- Most generous retirement plans
- Broadcom lays off
- Cibil Score vs Cibil Report
- Birla and Bajaj in top Richest
- Nestle Sept 2023 report
- India Equity Market