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Marking a New Regime in AWS

Sujith Vasudevan, Managing Editor

It’s been only a few weeks since Amazon Amazon Web Services (AWS) reported revenue of $13.5 billion for Q1 2021, going beyond the analyst predictions of $13.1 billion. AWS’s revenue took a four percent hike to 32 percent from 28 percent growth in the previous quarter, accounting for 12% of Amazon’s total revenue, and nearly half of Amazon’s overall operating income. Amazon’s CFO, Brian Olsavsky said, “They (businesses) see that

partnering with AWS and moving to the cloud gives them better cost, better capability and better speed of innovation. We expect this trend to continue as we move into the post pandemic recovery.” It’s hard not to comply with the way he puts it.

With more than 90 percent of Fortune 100 companies and the majority of Fortune 500 companies using AWS solutions and services, the exponential growth of the AWS is only a natural phenomenon. However, engendering a great business model out of this highly favorable ecosystem is still largely dependent on companies flexing their innovative muscles to help businesses take full advantage of all that AWS has to offer and accelerate their journey to the cloud.

We are talking about a market with thick wallets. Gartner predicts that the worldwide public cloud spend will grow 18 percent in 2021, with 70 percent of organizations increasing cloud spending in the aftermath of COVID-19. AWS possesses 32 percent of the market share, followed by Azure at 19 percent, Google at 7 percent, and Alibaba Cloud behind them. On the other hand, the whole industry is excited to see the regime of Adam Selipsky, AWS’ new CEO, who returned to the organization where he spent 11 years - from 2005 to 2016. It’s interesting times ahead, and it’s a perfect time to unfold stories of some of the exceptional AWS partners.

Do let us know your thoughts.

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