Morgan Stanley says retail approach has turned cloud service provider into mega-vendor
Amazon Web Services (AWS) is a threat to almost all areas of IT and should be able to reach $24 billion (£15.78 billion) in revenue by 2022, according to a new report by seven Morgan Stanley analysts, led by Scott Devitt. The report points to AWS’ application of “retail economics” to the IT sector as the reason the company is emerging as an “IT mega-vendor”. This is a threat to many existing incombants. Read the full article here: Morgan Stanley: AWS a threat to all IT | Cloud Pro.
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