Amazon, the second-largest company in the world, recently hit $1 trillion in value and half of it is now coming from Amazon Web Services. AWS, Amazon’s cloud-computing operation, reached $500 billion in value on Tuesday.
Cowen analyst John Blackledge Tuesday morning issued a report on his research team’s seventh annual survey of the public cloud market. Blackledge found that AWS is ahead with a considerable lead against Microsoft Azure, Google Cloud, IBM, and other vendors.
Originally, IT buyers expected to spend 31% year-over-year with public cloud providers. However, that projection increased to 36% this year and may increase each year.
Blackledge expects to see AWS revenues of $36.1 billion this year, growing about 31% a year to $140 billion in 2024. The AWS $500 billion value alone is more than IBM, Oracle, and SAP combined and about even with Facebook.
Additionally, stock increased 0.7% to $1836.79 and according to Piper Jaffray analyst Michael Olson, Amazon stock could hit $3000 in about 3 years.
For more information, check out these posts:
- AWS Revenue Grows 41%
- AWS: The Leading IaaS Global Service Provider
- 451 Research: AWS Managed Services
- ISG Provider Lens: AWS Quadrant Report
- In the News: Coca-Cola CIO Reveals the Recipe for an AWS Transformation
- Lyft’s Financial Commitment To AWS
- Six Best Practices To Improve AWS Security
- Cloud Computing Dominates Amazon Profits
- In The News: AWS Revenue Jumped 46 Percent In Third Quarter
