Profile image
By ETF Daily News (Reporter)
Contributor profile | More stories
Story Views

Last Hour:
Last 24 Hours:

Amazon’s Lead in Cloud Services Keeps Growing

Thursday, October 20, 2016 6:25
% of readers think this story is Fact. Add your two cents., Inc. (NASDAQ:AMZN) is crushing its competitors in the small and medium sized cloud app service market with its AWS service, according to survey results from Pacific Crest.

Amazon Web Services (AWS) has grown to a massive $10 billion annual revenue business, and it got its start by offering cloud services to small businesses. Its appeal to those same firms hasn’t waned one bit since then, with more and more small- and mid-sized firms continuing to turn to AWS for its hosting needs. From Business Insider:

Pacific Crest surveyed about 300 companies with a 2015 median revenue of $5 million. A whopping 50% of the respondents picked AWS as their choice of cloud service. That compares to Microsoft’s 4% share and Salesforce’s 2% share this year. The “Other Third Party” category, which likely included Google’s cloud service, accounted for 10% of the respondents.

That lead is expected to continue to grow in coming years. Survey results indicate AWS will control 64% of the market in 2019:

amazon-saasImage: Pacific Crest

Last year, AWS controlled about 40% of the small- and mid-sized cloud market, so the growth in that area has been very impressive. AWS is attractive to smaller companies because of its low costs, high uptime, and near-instant deployment. A company looking to host a massive database, for example, can get a cloud server up and running via AWS in just a few minutes.

Amazon shares fell $3.83 (-0.47%) to $813.86 in premarket trading Thursday. Year-to-date, AMZN has gained 20.89%, versus just a 5.11% rise in the benchmark S&P 500 index during the same period.


You are viewing an abbreviated republication of ETF Daily News content. You can find full ETF Daily News articles on (


We encourage you to Share our Reports, Analyses, Breaking News and Videos. Simply Click your Favorite Social Media Button and Share.

Report abuse


Your Comments
Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

Top Stories
Recent Stories



Top Global

Top Alternative



Email this story
Email this story

If you really want to ban this commenter, please write down the reason:

If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.