I don't think it's as easy to say that 90 percent of Amazon's retail growth is yet to come." "I think more than 90 percent of the world's eventual investment in cloud is yet to come. "In my opinion, we’re at the beginning of a massive second wave of cloud investment that is centered around data and machine learning – it's clearly laid out what the need to offer," Vallee said. That's because enterprises are going to need a great deal of processing power to run their AI applications and to train machine models, Vallee predicted. However, the path to success and rapid growth will be easier for cloud than retail heading forward, he said. Could it get there in five years? Absolutely," Anderson said.īoth Amazon's retail and cloud opportunities are "gargantuan," according to Paul Vallee, president, and CEO of Ottawa-based Pythian, a solution provider and AWS partner. "Could I see AWS going from $20 billion to $200 billion? Absolutely. every year - an estimated $1 trillion goes toward the purchase of IT services, hardware, cloud, and applications, he said.
Reliam's CEO, Simon Anderson, believes it's very possible that Amazon's cloud business could beat the company's foremost retail business, simply because of the shear amount of money spent on IT in the U.S. Reliam LLC, a Los Angeles-based managed service provider and AWS consulting partner, has seen the growing demand for AWS services firsthand. "I think it's possible, in the fullness of time, that we could be the biggest business within Amazon," cloud leader Jassy said in an interview earlier this month.
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But the biggest driver of growth within Amazon right now is its 12-year-old cloud business, AWS, which has a projected $22 billion revenue run rate for 2018. Amazon Web Services, Amazon's popular cloud business, could someday outpace the company's retail business, according to AWS CEO Andy Jassy.Īmazon has built a wildly popular consumer business based on its dominant e-commerce platform, and the Seattle-based company is continually jumping into new markets, such as grocery, delivery, and streaming video services.
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