The rise of Amazon's web services division AWS
There’s more to Amazon than packages delivered to your door. David Prosser looks at how the rapid expansion of its web services division, AWS, has helped to take the US group to the brink of world domination.
Not all businesses have suffered during the COVID-19 lockdown. With the closure of shops all over the world and many people stuck at home, sales at ecommerce giant Amazon soared 27% in the first quarter of 2020. The business now rakes in more than $9,600 every second of the day. But it’s not only online retail sales that are boosting the bottom line; the group’s fastest-growing and most profitable business is Amazon Web Services (AWS) division.
The pandemic has boosted AWS. The business provides the cloud computing technologies relied on by all those on-demand entertainment services, online retailers and social media platforms – among others – that have suddenly found themselves coping with an exponential increase in demand during the crisis.