Did Amazon Already Win Cloud Computing?
Grazed from WallStreetCheatSheet. Author: Eric Schaal.
How far can Amazon (NASDAQ:AMZN) go in the cloud computing game? Though Amazon Web Services is already believed to be clocking around $2 billion a year, a report indicates that number could grow to an imposing $24 billion in the next decade, which would make Amazon a terror to all competitors and possibly give the tech giant a monopoly in the industry.
A report by Morgan Stanley analysts sees Amazon in the top five and gaining fast in cloud computing, which they believe will have a TAM of $152 billion ten years from now. As for the inevitability of a world turning entirely to cloud services by 2022, that’s considered a given, and bad news for companies like NetApp (NASDAQ:NTAP) and EMC (NYSE:EMC). Of course, someone will need to be the host, so the market for servers won’t entirely disappear, Morgan Stanley’s analysts noted…


