Cloud · Enterprise Architecture

$10 Billion Business

The Cloud market continues to rise.  Amazon Web Services is on track to become a US$10 billion business before the end of this year, according to Amazon chief Jeff Bezos.

By way of comparison, in April 2015, Deutsche Bank estimates AWS revenues were approximately $6B, nearly ten times the size of Microsoft Azure today.

http://www.forbes.com/sites/louiscolumbus/2015/04/15/sizing-microsoft-azure-and-amazon-aws-revenue/

Bezos told shareholders this week the cloud business would hit the milestone at a speed faster than Amazon cracked US$100 billion in sales, which occurred earlier this year.  The cloud unit has one million individual users at last count, Bezos said.

http://www.itnews.com.au/news/aws-will-become-a-10bn-business-this-year-bezos-417954

In June 2015 Forbes predicted  by 2020, 62% of organizations say they will be running 100% of their information technology in the cloud. But younger start-up companies are already close to that point.

http://www.forbes.com/sites/joemckendrick/2015/06/15/survey-number-of-all-cloud-companies-will-grow-five-fold-by-2020/#2337a90e1a6a

So the Cloud business is now a very big business.

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