Why Is Amazon Web Services So Successful?

Nathanmartin28 Mar, 2022Education

Amazon Web Services (AWS), the cloud platform provided by Amazon.com Inc (AMZN), has grown to be a significant part of the e-commerce behemoth's commercial portfolio. AWS generated a record $14.8 billion in net sales in the second quarter of 2021, accounting for little more than 13 percent of Amazon's total net sales. AWS, which has risen steadily in the 30 percent area over the last few quarters, is a market leader in comparison to other cloud computing platforms such as competitor Microsoft Azure. KEY TAKEAWAYS Amazon Web Services (AWS) is the company's principal earnings generator because it is the leading cloud computing platform. AWS provides services such as servers, storage, networking, remote computing, email, mobile development, and security. As of Q2 2021, AWS accounts for around 13% of Amazon's overall revenue. Amazon owns more over a third of the cloud market, about double the size of its nearest competitor.