Pandemic accelerates Cloud adoption by several years: AWS CEO

New Delhi, Dec 1 : Andy Jassy, the CEO of Amazon Web Services (AWS), on Tuesday stated that the Covid-19 pandemic has accelerated cloud adoption by several years and that the rate of growth at AWS continues to accelerate at a phenomenal rate.
The Cloud arm of ecommerce giant Amazon is now the fifth largest enterprise IT company in the world, ahead of companies like SAP and Oracle — driven by the growth of cloud computing in the infrastructure technology space especially in the pandemic times.
Jassy who kicked off the virtual ‘AWS re:Invent 2020’ conference with over 400,000 registrations said the company achieved this feat in only last 10 years.
“If you look at AWS, as an example, to grow to a $46 billion revenue run rate with 29 per cent (year-over-year) growth meant we had to grow at an incremental $10 billion in the last 12 months to get there; that is much larger than you’ll see elsewhere in the cloud,” the beaming AWS CEO informed.
“It took us 123 months, or a little over 10 years, to grow to a $10 billion business. Then it took us 23 months to go from $10 to $20 billion and 13 months to go from $20 to $30 billion, and then just 12 months to go from $30 to $40 billion,” Jassy said, adding that the rate of growth in AWS continues to accelerate.
According to Gardner’s recent market segment analysis, AWS continues to have a very significant Cloud market segment share at about 45 per cent — more than double that of the second-placed provider.