Amazon Web Services: year-on-year growth 2014-2024

In the second quarter of 2024, revenues of Amazon Web Services (AWS) rose to 19 percent, the highest since Q2 of 2022. AWS is one of Amazon’s strongest revenue segments, generating 90 billion U.S. dollars in 2023 net sales, up from 80 billion U.S. dollars in 2021.

Amazon Web Services

Amazon Web Services (AWS) provides on-demand cloud platforms and APIs through a pay-as-you-go-model to customers. AWS launched in 2002 providing general services and tools and produced its first cloud products in 2006. Today, more than 175 different cloud services for a variety of technologies and industries are released already. AWS ranks as one of the most popular public cloud infrastructure and platform services running applications worldwide in 2020, ahead of Microsoft Azure and Google cloud services.

Cloud computing

Cloud computing is essentially the delivery of online computing services to customers. As enterprises continually migrate their applications and data to the cloud instead of storing it on local machines, it becomes possible to access resources from different locations. Some of the key services of the AWS ecosystem for cloud applications include storage, database, security tools, and management tools.

AWS is among the most popular cloud providers

Some of the largest globally operating enterprises use AWS for their cloud services, including Netflix, BBC, and Baidu. Accordingly, AWS is one of the leading cloud providers in the global cloud market. Due to its continuously expanding portfolio of services and deepening of expertise, the company continues to be not only an important cloud service provider but also a business partner.