What Is Amazon Web Services and Why Is It So Successful?

Amazon Web Services (AWS), the cloud platform offered by Amazon.com Inc (AMZN), has become a giant component of the e-commerce giant's business portfolio. In the second quarter of 2021, AWS brought in a record $14.8 billion in net sales, accounting for just over 13% of Amazon's total net sales. Having grown steadily in the 30% range the past few quarters, AWS is a frontrunner to other cloud computing platforms such as competitor Microsoft Azure read more