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Like Azure last week, AWS announced a slight drop in revenue from cloud-based profit growth, which grew from 49 percent this year to 37 percent this year. Total revenues increased over the second quarter of last year, from $ 6.105 billion to $ 8.381 billion this year. Today's report puts the company at an impressive rate of more than $ 33 billion, just for AWS. It's a successful business, not to mention the division of a large company.
And Amazon AWS accounted for 13% of the company's total revenue during the quarter as it continues to help pave the way for the online retailer. Most of the measures are good for the most part, but the slowdown in growth in a market that continues to accelerate is curious for both Microsoft and Amazon, as the two companies continue to dominate the cloud infrastructure market.
Amazon controls about 33% of the market, compared to 16% for Microsoft. Regardless of the number of people viewed, AWS is about twice the market share of Microsoft, but Microsoft remains the only company to have a double-digit share of the market so far.
The fall of the two companies could simply be attributed to the law of large numbers, which says that, large as these two companies are, it is increasingly difficult to maintain the type of growth rate on which they evolve, even in an accelerating market.
"What we are seeing is the law of large numbers where incomes are so high that the gain in the percentage of growth becomes more difficult. AWS dollar gain is always greater than 2-5 [rivals] Patrick Moorhead, senior badyst at Moor Insights & Strategy, told TechCrunch.
As markets mature, growth decelerates naturally and Amazon could not sustain growth in the 1940s forever, regardless of the market. In any case, revenue remains impressive and AWS continues to contribute to Amazon's success.
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