KeyBanc Capital Markets
On Reflection: Amazon’s Cloud Control
Amazon Web Services is gaining market share at an astonishing rate.
The rapidly growing cloud business of Amazon Web Services (AWS) could soon begin to put the same kind of pressure on the legacy IT sector that Amazon.com has already put on the retail sector. KeyBanc Capital Markets estimates AWS is adding $1 billion in incremental revenues every quarter. Analysts expect annual AWS revenue will more…