As Amazon continues to introduce new tools, services, and computing instances, we note a continued emphasis on scalability across the company's portfolio," Sebastian wrote. "The on-demand nature of Amazon's cloud tools enable customers to rapidly scale up or down depending on their individual requirements, allowing the majority of the company's new product offerings to provide value to small businesses and enterprise-scale customers alike."
The Macie launch supports Amazon's status as being a leader in the cloud services market, despite strong competitive pressure from competing offerings like Alphabet Inc. GOOG GOOGL's Google Cloud and Microsoft Corporation MSFT's Azure, the analyst added. Looking forward, Amazon's rapid pace of innovation along with a competitive price offering will help the company continue to hold on to its dominant market position.
Finally, Amazon's recent deal with the streaming video provider Hulu represents a "key win" for the AWS segment and comes at a time when it is looking to expand its support for enterprise-level clients.
Related Links: Fun Fact: Amazon's AWS Contributes More Than 100% Of Its Total Operating Profit Cloud Computing ETF Reaches For The Sky ________ Image Credit: By Raysonho @ Open Grid Scheduler / Grid Engine (Own work) [CC0], via Wikimedia Commons© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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