Cloud platform vendors from all over the globe are still trying to capture the largest market share. AWS has held the market’s leading position for the past few years. According to IDC, global industries plan to double their expenditures on cloud services and infrastructure in the public domain. The cloud industry was valued at $229 billion in 2019, and is expected to reach $500 billion by 2023. This translates into a 22% compound annual growth rate. These are the main focus areas during this period of high growth. Professional services investment – 25.6%
Investment in telecommunication services – 24.1%
Retail applications investment – 23.7%
Investment in the resource industry – 23.3%
Personal and consumer service investment – 23.1%
This breakup is an estimate of the cloud services most used by organisations and those they will invest in in the future. This breakup serves a primary purpose: it highlights the potential of cloud services as an option for career. What is AWS?
Amazon Web Services (also known as AWS) is a growing cloud computing platform that Amazon offers. It offers a combination of Iaas (Infrastructure as a Service), Paas(Platform as a Service), and SaaS („Software as a Service”) offerings.
1. The most popular global cloud platform
AWS is a market leader in the world thanks to its global user base and service offerings. Iaas (Infrastructure as a Service), is an example of one of the most important segments of the cloud sphere. Statista data showed that AWS holds 33% of the market share for the IaaS segment. This is close to the market share held by Microsoft Azure and Google Cloud platform. These are the next market leaders in the cloud market after AWS. AWS has also shown signs of growth and evolution in markets other than IaaS. The SaaS (Software as a Service), market is more than twice as large as the IaaS market. The fastest-growing cloud platform
AWS was first launched in 2006 The rest of the competitors came in 7 years later. AWS has been the fastest-growing cloud platform in the world since its inception. It has maintained its rapid growth rate, increasing from 42% in 2017 and 52% in 2020. There is a growing demand for AWS certified professionals
As AWS continues to grow, cloud platform applications continue to expand. This has directly led to an increase in job roles in AWS, relative to the number of professionals in the market. Organisations in the US have shown that they are hiring AWS professionals and other segments.