From CRN: If Amazon Web Services grows sales at a similar rate in 2023 as it did in 2022, the cloud market share leader will surpass the $100 billion threshold next year.
In fact, even if AWS doesn’t grow cloud revenue as high in 2023 compared to over the past 12 months, the company could still reach the $100 billion milestone.
“I’m really looking [forward] to 2023,” said AWS CEO Adam Selipsky in a letter this week to all AWS employees. “I come to the office every morning excited about the innovation we spark, the transformation we drive, and the impact we have. … I look forward to the year ahead with you all.”
Over its past four quarters—from fourth quarter 2021 to third quarter 2022—AWS generated $76.5 billion in revenue.
On average, Seattle-based AWS increased quarterly sales by approximately 34 percent year over year each quarter.
This means if AWS revenue grows 34 percent over the next four quarters, the Amazon cloud computing unit will generate approximately $102.5 billion in total revenue.
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