Summary List Placement
Coming off a strong year, partially driven by companies’ rush to adopt cloud technologies during the pandemic, Amazon’s cloud business is expected to continue thriving in 2021. Cloud isn’t going away, analysts say, even when workers return to the office — or a hybrid environment — and data that migrates to the cloud tends to stay there.
With its immensely successful cloud infrastructure offering, which has dominated the cloud market for nearly 15 years, Amazon Web Services is on track to pull in $51 billion over the next 12 months.
But it can’t sit still — while the cloud market overall is expected to continue growing this year, presenting lucrative opportunities in emerging trends like artificial intelligence and serverless computing, AWS also faces substantial competitive threats from the likes of Microsoft and IBM as the market matures and enterprises increasingly move to a hybrid or multi-cloud environment.
So when Adam Selipsky steps into his new role as CEO of Amazon Web Services in mid-May, replacing outgoing CEO Andy Jassy as he takes over as CEO of Amazon’s entire business, analysts and company sources have told Insider that he’s expected to ensure AWS keeps its top spot in the cloud …read more
Source:: Businessinsider – Tech