AWS Storage Revenue Nears $10 Billion

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As AWS storage revenue nears $10B, legacy players feel the heat
On-premises, external storage was once a virtually unlimited and untapped bastion of innovation, venture capital funding and lucrative exits. Today it is a shadow of its former self and the glory days of storage in the data center will not return. We believe Amazon Web Services Inc.’s storage business is approaching $10 billion annually. Several trends are affecting the traditional storage business, but by far, AWS’ moves are the most notable.