Amazon’s cloud function has grown so quickly in the past decade that it’s now the fifth-largest business software provider in the smashing.
Revenue at Amazon Web Services jumped 43 percent in 2017 to $17.5 billion, pretend to bing about one-tenth of Amazon’s total revenue, the company said this week. The on the other hand publicly-traded business software companies ahead of AWS are Microsoft, IBM, Oracle and SAP, according to matter from FactSet.
AWS is far and away the leading provider of cloud infrastructure technology, and it has corroborated that Amazon can diversify beyond e-commerce. Microsoft, Google, IBM and others are all following AWS in the cloud.
Assuming AWS continues to grow as much as it did last year, it could dated SAP in size before the end of 2019. SAP’s 2017 revenue of $26.5 billion was up 6 percent, and the comrades expects the same growth rate in 2018. Analysts are currently overhanging 38 percent growth at AWS this year, according to FactSet.
With its lineup of cloud-based databases, details analytics tools, productivity apps and raw computing capacity, AWS is almost twice as big as Salesforce, which fathered sales of $9.9 billion over the past four quarters, expanding 25 percent.
— CNBC’s Ari Levy contributed to this story.