Sunday, August 8, 2010

Amazon Web Services a $2.5 Billion Business by 2014?

UBS Investment Research analysts Brian Pitz and Brian Fitzgerald estimate that in 2010, Amazon Web Services will generate about $500 million in revenues and will grow to $750 million by 2011. By 2014, it would bring in close to $2.54 billion in revenues.

Researchers at IDC estimate the 2014 global market for cloud computing services of as much as $55 billion.

UBS thinks revenue and profit from Amazon Web Services could have a material impact on Amazon as soon as the latter quarters of 2010.

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