With the recent debut of Amazon’s streaming music service and the upcoming launch of what will likely be a new smartphone, it’s easy to forget about a major part of the company’s business: Its computing services platform, Amazon Web Services (AWS).
Amazon Web Services accounted for 37% of the $US9 billion infrastructure as a service (IaaS) market in 2013, according to analysts from equity research firm Evercore. The IaaS market is growing by 45%, but Amazon Web Services has a growth rate of 60%.
Unsurprisingly, Amazon is just as competitive with Web Services pricing as it is with its retail pricing. Just days after Google announced that it was reducing costs of some of its cloud services, Amazon slashed its own prices, proudly touting its 42nd price-cut in six years.
Here’s how Amazon stacks up against the competition when it comes to revenue:
Disclosure: Jeff Bezos is an investor in Business Insider through his personal investment company Bezos Expeditions.