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Amazon cloud boss targets Microsoft’s core business, eyes $3.7 trillion enterprise IT market

“Amazon Web Services is a $36 billion business, based on its annual revenue run rate” writes Todd Bishop for The unstated competitive backdrop: the Pentagon’s decision to award its $10 billion cloud computing contract, known as JEDI, to Microsoft over AWS in a surprise upset in October.AWS has 47.8 percent of the global market for public cloud Infrastructure as a Service (IaaS), about twice the combined share of its closest two competitors, Microsoft and Alibaba, according to Gartner research.Jassy made Amazon’s larger ambitions clear at the outset of his address, citing market research that shows 97 percent of the $3.7 trillion IT market is still on premises, in corporate servers and data centers, and not yet in the cloud.

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