Amazon.com’s cloud platform, Amazon Web Services, generated $2.56 billion in revenue last quarter, putting it on pace to make $10 billion this year. AWS has been the clear public cloud leader for some time, and the latest financial data shows that leadership translates to real money as more enterprises adopt public cloud computing.
Let’s do the math:
- It’s believed that 5 percent of IT workloads are on public clouds now, counting both infrastructure and applications.
- AWS is estimated to have 70 to 80 percent of the public cloud market.
- About 40 to 50 percent of workloads can’t move to the public cloud.
If AWS continues to grow as it has over the last few years, it will earn $35 to $40 billion by 2018, and $75 to $100 billion by 2019.