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.
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.
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.
So the Cloud business is now a very big business.