Dive Brief:
- AWS CEO Andy Jassy says experience, broad functionality, a fast pace of innovation and an expansive partnership system are key to the company’s success.
- "You just can’t learn some of the lessons that we’ve learned until you get to those different elbows of the curve of the scale," Jassy told Business Insider.
- Amazon Web Services on track to hit over $10 billion in revenue this year, about four times as much as its closest competitor, Microsoft Azure.
Dive Insight:
Amazon started offering public cloud-computing services long before any of its competitors, and that gave it a huge jump in the market. AWS turned 10 years old in March. Today, AWS provides cloud services for more than 1 million customers and 2,000 federal government agencies.
Last month, Oracle chairman and CTO Larry Ellison announced plans to heavily challenge AWS in the Infrastructure as a Service space. But that could be a tall order. Amazon currently controls 29% of the cloud infrastructure provider market, having grown by almost half year-over-year. Cloud IT infrastructure spending is expected to reach $33.4 billion this year, according to IDC.
