In 2024, Amazon Web Services (AWS) generated ****** billion US dollars with its cloud services. From 2013 until today, the annual revenue of AWS cloud computing and hosting solutions continually increased.

Amazon—additional information Amazon.com went online in 1995, initially as a book store, and achieved almost immediate success. In 1998, the store expanded to include a music and video store and different other products, such as apparel and consumer electronics, in the following years. The company is the undisputed leader of the e-retail market in the United States, ranking ahead of walmart.com and apple.com in terms of revenue. Amazon Web Services In 2006, AWS launched as a cloud computing platform to provide online services. Amazon Elastic Compute Cloud and Amazon S3, which provide large virtual computing capacity, are the most well-known of these services. The company has dozens of locations in ** different regions across the world and is continually expanding its global infrastructure to ensure low latency through proximity to the user. From these data centers, Amazon is offering more than *** fully featured services to its global customer base. Video streaming service Netflix is one of AWS’s largest customers, using Amazon’s services to store their content on servers throughout the world. Among its more than *********** active users, AWS also lists other well-known organizations from various industries, such as Disney, the UK Ministry of Justice, Kellogg’s, Guardian News and Media, and the European Space Agency.

In 2024, Amazon's net revenue from subscription services segment amounted to 44.37 billion U.S. dollars. Subscription services include Amazon Prime, for which Amazon reported 200 million paying members worldwide at the end of 2020. The AWS category generated 107.56 billion U.S. dollars in annual sales. During the most recently reported fiscal year, the company’s net revenue amounted to 638 billion U.S. dollars. Amazon revenue segments Amazon is one of the biggest online companies worldwide. In 2019, the company’s revenue increased by 21 percent, compared to Google’s revenue growth during the same fiscal period, which was just 18 percent. The majority of Amazon’s net sales are generated through its North American business segment, which accounted for 236.3 billion U.S. dollars in 2020. The United States are the company’s leading market, followed by Germany and the United Kingdom. Business segment: Amazon Web Services Amazon Web Services, commonly referred to as AWS, is one of the strongest-growing business segments of Amazon. AWS is a cloud computing service that provides individuals, companies and governments with a wide range of computing, networking, storage, database, analytics and application services, among many others. As of the third quarter of 2020, AWS accounted for approximately 32 percent of the global cloud infrastructure services vendor market.

Amazon revenue for the twelve months ending March 31, 2025 was $650.313B, a 10.08% increase year-over-year. Amazon annual revenue for 2024 was $637.959B, a 10.99% increase from 2023. Amazon annual revenue for 2023 was $574.785B, a 11.83% increase from 2022. Amazon annual revenue for 2022 was $513.983B, a 9.4% increase from 2021.

In the first quarter of 2025, AWS generated cloud computing and hosting revenues of approximately 29 billion U.S. dollars. Amazon Services Amazon is the one of the leading online retailers worldwide and the leading e-retailer in the United States. In 2024, net sales amounted to over 574 billion U.S. dollars, up from 514 billion U.S. dollars in the previous year. Amazon is the world’s largest online retailer of books, clothing, electronics, music, and many other consumer products. The company is also the producer of the world’s most famous e-book reader, the Amazon Kindle. The vast majority of Amazon’s revenues are generated through the sales of electronics and other products, followed by third-party seller services and AWS. Although primarily active in the B2C market, Amazon also enables third-party sellers to trade their products as well as providing technology infrastructure services (Amazon Web Services, AWS) to businesses. As of the second quarter of 2024, more than half of paid units were sold by third-party sellers. Amazon Web Services includes cloud computing and hosting services, which is a growing sector of online enterprise services. AWS is one of the most popular public cloud platform and infrastructure services worldwide, with 76 percent of respondents from a global survey indicating that they were already running apps on the platform. Other popular cloud services providers include Microsoft with Azure, Google, Oracle, and IBM.

In the first quarter of 2025, revenues of Amazon Web Services (AWS) rose to 17 percent, a decrease from the previous three quarters. AWS is one of Amazon’s strongest revenue segments, generating over 115 billion U.S. dollars in 2024 net sales, up from 105 billion U.S. dollars in 2023. Amazon Web Services Amazon Web Services (AWS) provides on-demand cloud platforms and APIs through a pay-as-you-go-model to customers. AWS launched in 2002 providing general services and tools and produced its first cloud products in 2006. Today, more than 175 different cloud services for a variety of technologies and industries are released already. AWS ranks as one of the most popular public cloud infrastructure and platform services running applications worldwide in 2020, ahead of Microsoft Azure and Google cloud services. Cloud computing Cloud computing is essentially the delivery of online computing services to customers. As enterprises continually migrate their applications and data to the cloud instead of storing it on local machines, it becomes possible to access resources from different locations. Some of the key services of the AWS ecosystem for cloud applications include storage, database, security tools, and management tools. AWS is among the most popular cloud providers Some of the largest globally operating enterprises use AWS for their cloud services, including Netflix, BBC, and Baidu. Accordingly, AWS is one of the leading cloud providers in the global cloud market. Due to its continuously expanding portfolio of services and deepening of expertise, the company continues to be not only an important cloud service provider but also a business partner.

Amazon AWS - Cloud Platforms & Services

Companies using Amazon AWS

We have data on 1,070,574 companies that use Amazon AWS. The companies using Amazon AWS are most often found in United States and in the Computer Software industry. Amazon AWS is most often used by companies with 10-50 employees and 1M-10M dollars in revenue. Our data for Amazon AWS usage goes back as far as 2 years and 1 months.

What is Amazon AWS?

Amazon Web Services (AWS) is a collection of remote computing services, also called web services that make up a cloud computing platform offered by Amazon.com.

Top Industries that use Amazon AWS

Looking at Amazon AWS customers by industry, we find that Computer Software (6%) is the largest segment.

Distribution of companies using Amazon AWS by Industry

 Computer software - 67, 537 companies  Hospitals & Healthcare - 54, 293 companies  Retail - 39, 543 companies  Information Technology and Services - 35, 382 companies  Real Estate - 31, 676 companies  Restaurants - 30, 302 companies  Construction - 29, 207 companies  Automotive - 28, 469 companies  Financial Services - 23, 680 companies  Education Management - 21, 548 companies

Top Countries that use Amazon AWS

49% of Amazon AWS customers are in United States and 7% are in United Kingdom.

Distribution of companies using Amazon AWS by country

 United Sates – 616 2275 companies  United Kingdom – 68 219 companies  Australia – 44 601 companies  Canada – 42 770 companies  Germany – 31 541 companies  India – 30 949 companies  Netherlands – 19 543 companies  Brazil – 17 165 companies  Italy – 14 876 companies  Spain – 14 675 companies

Contact Information of Fields Include:-

• Company Name • Business contact number • Title
• Name • Email Address • Country, State, City, Zip Code • Phone, Mobile and Fax • Website • Industry • SIC & NAICS Code • Employees Size
• Revenue Size
• And more…

Why Buy AWS Users List from DataCaptive?

• More than 1,070,574 companies
• Responsive database • Customizable as per your requirements • Email and Tele-verified list • Team of 100+ market researchers • Authentic data sources

What’s in for you?

Over choosing us, here are a few advantages we authenticate-

• Locate, target, and prospect leads from 170+ countries • Design and execute ABM and multi-channel campaigns • Seamless and smooth pre-and post-sale customer service • Connect with old leads and build a fruitful customer relationship • Analyze the market for product development and sales campaigns • Boost sales and ROI with increased customer acquisition and retention

Our security compliance

We use of globally recognized data laws like –

GDPR, CCPA, ACMA, EDPS, CAN-SPAM and ANTI CAN-SPAM to ensure the privacy and security of our database. We engage certified auditors to validate our security and privacy by providing us with certificates to represent our security compliance.

Our USPs- what makes us your ideal choice?

At DataCaptive™, we strive consistently to improve our services and cater to the needs of businesses around the world while keeping up with industry trends.

• Elaborate data mining from credible sources • 7-tier verification, including manual quality check • Strict adherence to global and local data policies • Guaranteed 95% accuracy or cash-back • Free sample database available on request

Guaranteed benefits of our Amazon AWS users email database!

85% email deliverability and 95% accuracy on other data fields

We understand the importance of data accuracy and employ every avenue to keep our database fresh and updated. We execute a multi-step QC process backed by our Patented AI and Machine learning tools to prevent anomalies in consistency and data precision. This cycle repeats every 45 days. Although maintaining 100% accuracy is quite impractical, since data such as email, physical addresses, and phone numbers are subjected to change, we guarantee 85% email deliverability and 95% accuracy on other data points.

100% replacement in case of hard bounces

Every data point is meticulously verified and then re-verified to ensure you get the best. Data Accuracy is paramount in successfully penetrating a new market or working within a familiar one. We are committed to precision. However, in an unlikely event where hard bounces or inaccuracies exceed the guaranteed percentage, we offer replacement with immediate effect. If need be, we even offer credits and/or refunds for inaccurate contacts.

Other promised benefits

• Contacts are for the perpetual usage • The database comprises consent-based opt-in contacts only • The list is free of duplicate contacts and generic emails • Round-the-clock customer service assistance • 360-degree database solutions

Amazon net income for the twelve months ending March 31, 2025 was $65.944B, a 74.99% increase year-over-year. Amazon annual net income for 2024 was $59.248B, a 94.73% increase from 2023. Amazon annual net income for 2023 was $30.425B, a 1217.74% decline from 2022. Amazon annual net income for 2022 was $-2.722B, a 108.16% decline from 2021.

In 2024, Amazon's total consolidated net sales revenue amounted to *** billion U.S. dollars, *** billion U.S. dollars of which were generated through international revenue channels. North America was the biggest operations segment, accumulating nearly *** billion U.S. dollars in net sales during the year. Sales activities Amazon appeals because it sells a wide range of products. Its departments include beauty, clothing, electronics, games and even wine, along with digital products and subscription services. In 2022, Amazon's largest revenue segment was online retail product sales with roughly *** billion U.S. dollars in global net sales. Retail third-party seller services ranked second with nearly *** billion U.S. dollars in sales. A weak spot Faster and more efficient delivery services come with a price. Data from the company's financial reports showed that Amazon's worldwide shipping costs amounted to a staggering **** billion U.S. dollars, up from **** billion U.S. dollars in 2021. Amazon's annual fulfillment expenses have also risen steadily, from **** billion U.S. dollars in 2021 to over ** billion U.S. dollars in 2022.

From 2004 to 2024, the net revenue of Amazon e-commerce and service sales has increased tremendously. In the fiscal year ending December 31, the multinational e-commerce company's net revenue was almost *** billion U.S. dollars, up from *** billion U.S. dollars in 2023.Amazon.com, a U.S. e-commerce company originally founded in 1994, is the world’s largest online retailer of books, clothing, electronics, music, and many more goods. As of 2024, the company generates the majority of it's net revenues through online retail product sales, followed by third-party retail seller services, cloud computing services, and retail subscription services including Amazon Prime. From seller to digital environment Through Amazon, consumers are able to purchase goods at a rather discounted price from both small and large companies as well as from other users. Both new and used goods are sold on the website. Due to the wide variety of goods available at prices which often undercut local brick-and-mortar retail offerings, Amazon has dominated the retailer market. As of 2024, Amazon’s brand worth amounts to over *** billion U.S. dollars, topping the likes of companies such as Walmart, Ikea, as well as digital competitors Alibaba and eBay. One of Amazon's first forays into the world of hardware was its e-reader Kindle, one of the most popular e-book readers worldwide. More recently, Amazon has also released several series of own-branded products and a voice-controlled virtual assistant, Alexa. Headquartered in North America Due to its location, Amazon offers more services in North America than worldwide. As a result, the majority of the company’s net revenue in 2023 was actually earned in the United States, Canada, and Mexico. In 2023, approximately *** billion U.S. dollars was earned in North America compared to only roughly *** billion U.S. dollars internationally.

Introduction

Amazon, Alibaba, and eBay: The Giants of E-commerce

Three companies have revolutionised how we shop online: Amazon, Alibaba, and eBay. Their origins, growth, and impact on global commerce are remarkable: - Amazon: Founded by Jeff Bezos in 1994, Amazon began as an online bookstore. It rapidly expanded its product range, invested heavily in technology and logistics, and introduced groundbreaking services like Amazon Prime and Amazon Web Services (AWS). Today, Amazon is a leader in e-commerce, cloud computing, and innovation. - Alibaba: Founded by Jack Ma in 1999, Alibaba aimed to connect Chinese manufacturers with international buyers. Through platforms like Alibaba.com, Taobao, and Tmall, it transformed e-commerce in China and became a global player in digital payments and financial services through Ant Group. - eBay: Started by Pierre Omidyar in 1995 as an online auction site, eBay quickly became a popular platform for buying and selling a wide variety of goods. It pioneered consumer-to-consumer (C2C) commerce, fostered a vibrant online community, and expanded globally.

These companies have distinct strengths and growth trajectories: - Amazon leads in technological innovation and customer-centric services. - Alibaba dominates the Chinese market and is influential in digital payments. - eBay pioneered C2C commerce and maintains a strong global presence.

Together, Amazon, Alibaba, and eBay have shaped the modern e-commerce landscape, democratised commerce, and continue to influence how we buy and sell goods around the world.

Amazon, Alibaba, and eBay, their origins, sales, growth, and impact:

Amazon

Founding and Early Days

• Founded: July 5, 1994
• Founder: Jeff Bezos
• Headquarters: Seattle, Washington, USA

Amazon began as an online bookstore. Jeff Bezos, who was then a Wall Street hedge fund executive, decided to capitalise on the growth of the internet in the 1990s. He left his job, moved to Seattle, and started Amazon in his garage.

Growth and Expansion

• Initial Growth: The company's initial business model allowed it to offer more books than traditional bookstores. The first book sold was "Fluid Concepts and Creative Analogies" by Douglas Hofstadter.
• Diversification: By the late 1990s, Amazon expanded its product line to include electronics, toys, and household goods. This diversification helped Amazon grow rapidly.
• Technology and Logistics: Amazon invested heavily in technology and logistics to improve its supply chain efficiency. It built extensive warehousing and delivery infrastructure, which became critical to its success.

Key Milestones

• Amazon Prime: Launched in 2005, this subscription service offers free two-day shipping, streaming services, and other benefits. It became a significant driver of customer loyalty.
• AWS (Amazon Web Services): Started in 2006, AWS provides cloud computing services and has become a major revenue source for Amazon, establishing it as a leader in the tech industry.
• Acquisitions: Amazon acquired several companies to bolster its offerings, including Zappos, Whole Foods Market, and Ring.

Impact

• E-commerce Leader: Amazon revolutionised online shopping with its vast selection, customer reviews, and recommendation algorithms.
• Economic Influence: The company's practices have influenced labour, retail, and technology sectors globally.
• Innovation: Amazon has pioneered in areas like AI with Alexa, cashier-less stores with Amazon Go, and drone delivery with Prime Air.

Visualisation

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A Markdown document with R code for the above chart, with a full chart explanation. link

Amazon Chart

• Significant Growth: Steady increase in quarterly sales revenue over the years.
• Seasonal Influence: Strong seasonal fluctuations, with Q4 consistently being the highest-performing quarter due to the holiday season.
• Revenue Variability: Expanding range of quarterly sales, reflecting business growth.
• Quarterly Performance: Consistent relative performance of each quarter, with Q4 standing out.

Alibaba

Founding and Early Days

• Founded: April 4, 1999
• Founder: Jack Ma and a team of 17 others
• Headquarters: Hangzhou, Zhejiang, China

Jack Ma, a former English teacher, founded Alibaba to connect Chinese manufacturers with international buyers. He aimed to support small and medium-sized enterprises (SMEs) in China by leveraging the internet.

Growth and Expansion

• Early Strategy: Alibaba started with Alibaba.com, a B2B marketplace that connected Chinese bu...

With 438 billion U.S. dollars in net sales, the United States were Amazon’s biggest market in 2024. Germany was ranked second with 41 billion U.S. dollars, ahead of the UK with 37.9 billion U.S. dollars. Biggest internet company Founded in 1994, Amazon has grown into one of the biggest e-commerce marketplaces and cloud computing platforms worldwide. In 2020, Amazon was ranked first in terms of company revenue among global publicly traded internet companies. With an annual revenue of approximately 386 billion U.S. dollars, the e-retailer ranked far ahead of closest competitors Google (181.7 billion U.S. dollars) and Alibaba (109.5 billion U.S. dollars). Amazon shopping Amazon is the leading e-retailer in the United States. In September 2021, 65 percent of Amazon customers in the United States held a membership with the company’s subscription service Amazon Prime, benefitting from free 2-day shipping, music and video streaming and exclusive offers and deals. Amazon Prime members are very engaged shoppers: a June 2021 survey found that over four in ten of them were likely to shop not just during Prime days, but also during other retail events, with 56 percent of them showing interest for Cyber Monday.

Amazon PE ratio as of June 17, 2025 is 30.55. Current and historical p/e ratio for Amazon (AMZN) from 2010 to 2025. The price to earnings ratio is calculated by taking the latest closing price and dividing it by the most recent earnings per share (EPS) number. The PE ratio is a simple way to assess whether a stock is over or under valued and is the most widely used valuation measure. Please refer to the Stock Price Adjustment Guide for more information on our historical prices.

In 2024, the annual operating income of Amazon’s Web Services (AWS) business amounted to approximately 24.9 billion U.S. dollars, up from the previous year. Despite being primarily known as an online retailer, the company's cloud business AWS generated the most operating profit out of all the key operations segments. Being one of the main cloud providers, AWS counts several big tech groups among its spenders – from Netflix to Adobe, and from Sony to X. Amazon’s most challenging business As figures on annual operating income show, Amazon reported negative profit in the international segment over the last three financial years. According to the company itself, this is mainly related to the higher financial risks that running a business brings internationally. Outside of North America, Amazon must comply with multiple government regulations and legal systems, compete with other players, and manage logistics operations where transport infrastructure is still lacking. Amazon’s issues in India Together with China, India is one of the most challenging markets for Amazon. Here, Amazon’s revenue has increased to nearly 222 billion Indian rupees – roughly 2.6 billion U.S. dollars. The consumer base has grown, and Amazon has managed to outdo other competitors in the Indian market. However, the activity of e-commerce giant has been under the scrutiny of institutions and trade unions due to the poor conditions of warehouse workers in Amazon’s facilities.

On December 16, 2021 the IRS announced that it would discontinue updates to the IRS 990 Filings dataset on AWS, starting December 31, 2021.The IRS has requested public inquiries be directed to +1-800-829-1040.Machine-readable data from certain electronic 990 forms filed with the IRS from 2013 to present.

During the first quarter 2025, Amazon generated total net sales of nearly *** billion U.S. dollars, surpassing the *** billion U.S. dollars in the same quarter of 2024. From books to billions Launched in 1995 in the United States as an online bookshop, Amazon has since grown into an international e-commerce giant. In April 2023 worldwide visits to amazon.com amounted to over *** billion considering both desktop and mobile traffic. Prime time in the U.S. Although a global company, Amazon truly thrives in the United States where the company is the leading e-commerce platform by sales value. In the North American country, the number of subscribers using Amazon Prime services has been growing steadily over the last several years and is forecast to reach new heights in 2024.

According to Cognitive Market Research, the global Cloud Migration Service market size is USD XX million in 2023 and will expand at a compound annual growth rate (CAGR) of XX% from 2024 to 2031.

The global Cloud Migration Service market will expand significantly by XX% CAGR between 2024 to 2031.
North America held the major market of more than XX% of the global revenue with a market size of USD XX million in 2023 and will grow at a compound annual growth rate (CAGR) of XX% from 2024 to 2031.
Europe accounted for a share of over XX% of the global market size of USD XX million.
Asia Pacific held a market of around XX% of the global revenue with a market size of USD XX million in 2023 and will grow at a compound annual growth rate (CAGR) of XX% from 2024 to 2031.
Latin America's market will have more than XX% of the global revenue with a market size of USD XX million in 2023 and will grow at a compound annual growth rate (CAGR) of XX% from 2024 to 2031.
Middle East and Africa held the major market of around XX% of the global revenue with a market size of USD XX million in 2023 and will grow at a compound annual growth rate (CAGR) of XX% from 2024 to 2031.
The public cloud segment is set to rise due to the rise in service elasticity requirements. Businesses can also save extra expenses by utilizing public clouds as they just have to pay for the resources they need. 
The cloud migration service market is driven by pay per use model, and lower operational expenditure and capital expenditure.
BFSI held the highest Cloud Migration Service market revenue share in 2023.

Market Dynamics of the Cloud Migration Service: Key Drivers of the Cloud Migration Service Market

Pay per Use Model will drive the cloud migration service market-

Users can scale their application services and infrastructure using the basic pay-per-use cloud computing paradigm. Cloud computing will help businesses grow in the upcoming years by enabling them to subscribe to or rent platforms, infrastructure, systems, technologies, and data services, which they may scale up or down based on their needs. For instance, Amazon Web Services provides pay-as-you-go service rates for Cloud Migration Services. Source- https://aws.amazon.com/free/?gclid=Cj0KCQjwlN6wBhCcARIsAKZvD5iBC_pY9YttLoKKggwzFR9vhPMn9Up6ehPt6Y909aI2ZRNpha5VVnEaAtabEALw_wcB&trk=2738afd4-9401-4d18-8e3e-1b1c194dea07&sc_channel=ps&ef_id=Cj0KCQjwlN6wBhCcARIsAKZvD5iBC_pY9YttLoKKggwzFR9vhPMn9Up6ehPt6Y909aI2ZRNpha5VVnEaAtabEALw_wcB:G:s&s_kwcid=AL!4422!3!509606977827!p!!g!!aws%20amazon%20com!12618685604!120373367976&all-free-tier.sort-by=item.additionalFields.SortRank&all-free-tier.sort-order=asc&awsf.Free%20Tier%20Types=*all&awsf.Free%20Tier%20Categories=*all

Small businesses are increasingly in need of cloud migration services since they offer on-demand scalability, particularly during seasonal traffic surges, development, and testing. The "build and deploy" environment made possible by cloud services ought to encourage market expansion. By removing the requirement to install the necessary OS and set up servers, cloud migration services enable businesses to quickly deploy servers and resources using a pay-as-you-go model. Organizational space and maintenance costs, including cooling, are decreased with virtualization and cloud computing migration services. Pay-as-you-go facilitates the migration of enterprises to a single data center. Thus, the pay-per-use model will drive the cloud migration service market.

Lower Operational Expenditure and Capital Expenditure will fuel market growth-

When a company makes significant IT investments, it may modernize with flexibility and agility. Many businesses compare capital spending (Capex) and operational expenses (OpEx) for pay-as-you-go public cloud services, which provide the greatest cost control flexibility. This is because there is a greater need than ever to prosper in dynamic marketplaces and quickly adapt to the wants of clients. For example, Pay-as-you-go Google Cloud pricing lets you only pay for the services you utilize. No upfront costs and no exit fees are applied. Source- https://cloud.google.com/pricing

For many firms, committing to a long-term cloud strategy is also necessary. Operational Expense flexibility, on the other hand, combines a pay-as-you-go cloud service with a flexible approach to IT in...

For the first time in almost a decade, online retail platform Amazon reported a net loss of *** billion U.S. dollars in 2022. After that, in the fiscal year ending December 31st 2024, the net income amounted to **** billion U.S. dollars. Amazon Web Services Amazon does not rely on retailing alone to generate profits. Its cloud business, AWS, is the one segment raking in steady profits with a **** billion U.S. dollar operating income in the most recently reported year. The annual revenue of the business segment came to **** billion U.S. dollars in 2023. As of the fourth quarter 2023, Amazon Web Services accounted for ** percent of the global cloud infrastructure service market. Amazon’s other businessesDue to the company’s financial resources, Amazon has the capability to invest in new products and markets, such as online and offline grocery sales. In June 2017, Amazon purchased grocery retailer Whole Foods Market for **** billion U.S. dollars, the company’s most expensive acquisition by far. This acquisition was primarily a move to expand the company's online grocery business, one of the fastest growing online shopping trends in the United States.

According to Cognitive Market Research, the Global Professional Services market size was USD 6,103.24 billion in 2022 and is projected to boost at a compound annual growth rate (CAGR) of 5.17% from 2023 to 2030. How are the Major Factors Impacting the Professional Services Market Growth?

Rising Focus On Digitizing Business Processes to Provide Viable Market Output

The professional services market is anticipated to be driven by an increasing focus on digitizing business processes. The term 'digital transformation' represents the expanding trend of businesses executing digital technologies to improve general business operations and customer experience. It's the action that officially shows in the digital era in business, and it has the possibility to impact markets in different industries significantly.

For instance, as per Zippia, a US-based developer of online recruitment and job insights media, the global price of digital transformation was $1.5 trillion in 2021 and by 2023, it is expected that global spending on digital modification will total $6.8 trillion. Hence, the rising digitization of business operations will enhance the professional services market.

(Source:www.zippia.com/advice/digital-transformation-statistics/)

The expansion of automation to eliminate ordinary tasks and radical changes in consumer demand, such as customized pricing and improved customer experience, are pushing companies to implement IT services globally and the increasing demand for operational efficiency in the professional service enterprise.

Technological Advancements to Fuel Market Growth

The professional services market has revolutionized because of increased competition, and digitalization is pushing companies to entertain with professional service providers. IT professional service providers deliver a streamlined and standardized process to the organization's administrative processes, helping in the digital transformation of the institution's operations.

For instance, Amazon Web Services, Inc., in February 2022, declared AWS local zones and infrastructure deployment global development in 16 U.S. cities with approximately 30 new local zones. These infrastructure deployments will help AWS extend its computing, database, storage, and other services to a large population from numerous industries. These developments would also drive the industry's growth.

Professional service companies can deliver various services, including audit and accounting, consultation, implementation support, and financial risk protection. They deliver analytic capabilities as well as a foundation for operating business information.

Increasing Cyber Threats Propels the Professional Services Market Growth

Increasing demand for business support services (Access Detailed Analysis in the Full Report Version)

The Factors Hindering the Growth of the Professional Services Market

Lack of Knowledge and Expertise to Hinder Market Growth

Lack of knowledge and expertise to affect the utilization of professional services among companies Due to the complicated nature and the high demand for research, operating with the cloud is often a highly tedious task. It needs immense knowledge and comprehensive expertise on the topic.

According to the PwC CEO Survey 2020, 77% of CEOs were concerned regarding the availability of a skilled workforce. The survey also discovered that those firms that focused on developing their employees' skills were ahead of their peers in multiple ways and were more secure in their future.

(Source:www.pwc.com/gx/en/ceo-survey/2020/trends/pwc-talent-trends-2020.pdf)

Therefore, upskilling is required so that these professionals can easily handle cloud-based applications with fewer problems and ensure improved performance and reliability.

Impact of COVID-19 on the Professional Services Market

The COVID-19 pandemic tried the professional services industry by pushing them to execute remote work at a large scale and adjust their business processes to rapidly changing market conditions. COVID-19 accelerated numerous technological changes across industries, companies countered the pandemic with the use of technology by concentrating on resource management and talent acquisition. The rising focus of businesses on security, cost efficiency, and compliance created a demand for professional services. What is...

In the fourth quarter of 2024, the most popular vendor in the cloud infrastructure services market, Amazon Web Services (AWS), controlled ** percent of the entire market. Microsoft Azure takes second place with ** percent market share, followed by Google Cloud with ** percent market share. Together, these three cloud vendors account for ** percent of total spend in the fourth quarter of 2024. Organizations use cloud services from these vendors for machine learning, data analytics, cloud native development, application migration, and other services. AWS Services Amazon Web Services is used by many organizations because it offers a wide variety of services and products to its customers that improve business agility while being secure and reliable. One of AWS’s most used services is Amazon EC2, which lets customers create virtual machines for their strategic projects while spending less time on maintaining servers. Another important service is Amazon Simple Storage Service (S3), which offers a secure file storage service. In addition, Amazon also offers security, website infrastructure management, and identity and access management solutions. Cloud infrastructure services Vendors offering cloud services to a global customer base do so through different types of cloud computing, which include infrastructure as a service (IaaS), platform as a service (PaaS), and software as a service (SaaS). Further, there are different cloud computing deployment models available for customers, namely private cloud and public cloud, as well as community cloud and hybrid cloud. A cloud deployment model is defined based on the location where the deployment resides, and who has access to and control over the infrastructure.

In 2023, Amazon EU S.à r.l. had a revenue of over ** billion euros, down from the previous year. Amazon's European division is headquartered and registered in Luxembourg, since June 8, 2004, with registered branches in France, Germany, Italy, Spain and the United Kingdom. Amazon started out as an online store in these countries, but currently also feature Amazon Prime. How big is e-commerce in Europe? The United Kingdom, Germany, and France were the three European countries with the highest e-commerce penetration in 2022. British consumers also had the highest annual e-commerce expenditure per capita at slightly over 1,000 euros, doubling the online spending of Polish online consumers. European consumers and cross-border e-commerce After the UK, online shoppers from Germany generated the second-highest cross-border e-commerce revenue, with over ** billion euros in 2020. In the considered year, the value of revenue from cross-border e-commerce neared *** billion euros in the leading 16 European markets, while further projections estimate that this figure could grow to *** billion euros by 2022.