Big winners of 2017: The tech gets smarter and the rich get richer - SiliconANGLE
In a year in which the Nasdaq hit an all-time high, venture capital dollars flowed like cheap champagne and the majority of earnings surprises were on the upside, there were plenty of winners. Holding onto a 40 percent-plus share in a $30 billion market that's growing at 40 percent a year seems all but impossible, but by most accounts, Amazon Web Services Inc. actually grew its market share in 2017. With an annual run rate of $18 billion in cloud infrastructure-as-a-service, the company is the size of its next five largest IaaS competitors combined, according to Synergy Research. Amazon pursues a shock-and-awe product strategy to feed its customers' seemingly insatiable appetite for more services. At its sixth annual re:Invent conference in November, it rolled out 22 new cloud services at the same time.
Dec-31-2017, 18:01:21 GMT
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