The headlines coming out of Amazon Web Services this month have been fast and furious as the worldwide cloud market-share leader is laser- focused on winning the AI arms race while forming collaboration partnerships with software companies and channel partners at a somewhat unprecedented pace.
From AWS forming new technology solutions with SAP HANA around its Graviton processors to forming a $5 billion strategic collaboration agreement with AWS partner all-star DoiT, AWS has had a busy past two weeks.
News also broke this week that parent company Amazon is investing millions in training a potentially game-changing AI model, code-named Olympus, in a move to put the heat on AI rivals Microsoft and Google.
CRN takes a deep dive into Amazon Olympus, new MongoDB capabilities injected into AWS CodeWhisperer, new integrations of Amazon Aurora MySQL with Amazon Redshift, and more.
AWS’ $92 Billion Run Rate; No. 1 Cloud Market Share
Before jumping into AWS’ five big recent new stories, it is key to note that AWS recently reported its financial earnings results for third-quarter 2023.
The Seattle-based cloud giant generated $23.1 billion in total sales, representing an increase of 12 percent year over year. AWS now has an annual run rate of $92.4 billion. The company generated operating income of $7 billion in third-quarter 2023, compared with $5.4 billion in third-quarter 2022.
Based on new third-quarter cloud market-share data from IT market research firm Synergy Research Group, AWS is still the dominant worldwide cloud infrastructure services leader. AWS won 32 percent global share of the cloud market in third-quarter 2023, followed by Microsoft at 23 percent share and Google Cloud at 11 percent share. Global enterprise spending on cloud services hit $68 billion in third-quarter 2023.
Here are the five biggest AWS news storiesthis month that channel partners, customers and investors should know about.
Mark Haranas is an assistant news editor and longtime journalist now covering cloud, multicloud, software, SaaS and channel partners at CRN. He speaks with world-renown CEOs and IT experts as well as covering breaking news and live events while also managing several CRN reporters. He can be reached at [email protected].
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