Amazon (AMZN) strengthens its cloud portfolio with AWS App Runner – May 24, 2021
Amazonof (AMZN – Free Report), strong efforts to expand cloud computing offerings are testament to its customer focus. In particular, this will help its cloud division, Amazon Web Services (“AWS”), to expand its presence in the growing cloud market.
The decision to make its fully managed container application service – AWS App Runner – generally available reflects the same.
Notably, the new service streamlines the entire container environment by helping customers deploy and run modern containerized web applications and APIs on AWS seamlessly by connecting the underlined service to their source code or image. of container.
In addition, the service offers access to advanced tools to have full control over the deployment and operation of their applications. Additionally, customers will be able to encrypt network traffic and scale the underlying infrastructure and load balancing.
Notably, with AWS App Runner, customers will be able to focus more on enterprise applications by saving huge costs on containers and taking advantage of the portability of the service.
Customer base to expand
We believe the latest move is likely to help AWS gain popularity with customers.
In particular, customers using the new service will have access to the computing and memory resources used by their application, without any upfront payment.
This, combined with the benefits mentioned above, is likely to boost AWS App Runner adoption rate.
In particular, clients like Chick-fil-A, ZS Associates, DeNA, Pioneer Square Labs, Datadog, MongoDB, HashiCorp, Sysdigand Pulumi have already expressed their interest in this new service.
We believe the growing customer momentum will continue to drive AWS’s product line. In addition, customer strengthening will continue to contribute to its competitive advantage over its peers such as Microsoft (MSFT – Free report), Alphabetof (GOOGL – Free report) Google and Ali Baba (BABA – Free report).
According to the latest data from Canalys, Microsoft Azure and Google Cloud gained 19% and 7% global cloud market share respectively in the first quarter of 2021, while Amazon leads with a 32% share.
The latest initiative strengthens the AWS product and service portfolio.
In addition to AWS App Runner, the company recently made available its fully managed operations service, Amazon DevOps Guru. The service automatically detects operating problems and offers them specific actions.
In addition, the announcement regarding the general availability of the analytics service, Amazon FinSpace, remains of note. The service simplifies the steps required to find, prepare and analyze financial data, thereby helping ISP organizations meet the time challenge involved in these steps.
Additionally, AWS has made Amazon Nimble Studio generally available. In particular, the service speeds up setting up a content production studio from a few weeks to a few hours.
Additionally, the company announced the general availability of AQUA for Amazon Redshift, which is a hardware-accelerated, distributed cache for Amazon Redshift.
Additionally, AWS has made its anomaly detection solution, Amazon Lookout for Equipment, generally available. Powered by Machine Learning technology, the service is well equipped to detect anomalies in machine equipment through predictive maintenance.
We believe the expanding AWS portfolio will continue to contribute to Amazon’s dominance in the burgeoning cloud market.
Currently, Amazon carries a Zacks # 3 (Hold) rank. You can see The full list of current Zacks # 1 Rank (Strong Buy) stocks here.
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