Amazon’s AWS offering (AMZN) strengthens with Amazon Web Services – June 3, 2021
Amazon‘s (AMZN – Free Report), Amazon Web Services (“AWS”), has made its new service, Amazon Location Service, which makes adding location functionality transparent, generally available.
Notably, the new service allows customers to integrate location-based functionality into their applications at minimum cost. In addition, it eliminates the risk of data privacy issues, while adding location functionality to users’ applications.
In addition, the service facilitates the integration of data into applications from proven Location Service Providers (LBS), namely Esri and HERE Technologies.
Additionally, customer metadata and account information from requests is deleted by Amazon Location Service before it is sent to an LBS provider.
We believe that the general availability of Amazon Location Service is likely to help AWS gain popularity with customers through the features and benefits mentioned above.
Clientele to expand
Notably, customers using the new service will have to pay for the number of user requests, tracked assets, or managed devices only.
This, along with the benefits mentioned above, is likely to boost Amazon Location Service adoption rate.
Notably, customers like Azit, Command Alkon, CoolStays and PostNL have already expressed interest in the new service.
We believe the growing customer momentum will continue to drive AWS revenue. In addition, customer strengthening will continue to strengthen its competitive advantage over its peers such as Microsoft (MSFT – Free report), Alphabet‘s (GOOGL – Free report) Google and Ali Baba (BABA – Free report).
According to the latest data from Canalys, Microsoft Azure and Google Cloud gained a 19% and 7% global cloud market share in the first quarter of 2021, respectively, while Amazon led with a 32% share.
The portfolio is strengthening
The latest development strengthens the AWS product and service portfolio.
In addition to Amazon ECS Anywhere, the company recently made available a new functionality for Amazon Elastic Container Service (“ECS”), Amazon ECS Anywhere.
Additionally, it announced the general availability of its fully managed container application service, AWS App Runner.
In addition, the company has made its fully managed operations service, Amazon DevOps Guru, generally available. The service automatically detects operational problems and suggests specific actions for them.
In addition, the announcement regarding the general availability of the analytics service, Amazon FinSpace, remains of note. The service simplifies the steps required to research, prepare, and analyze financial data, helping ISP organizations meet the time challenge involved in these steps.
Additionally, AWS has made Amazon Nimble Studio generally available. In particular, the service is speeding up the establishment of a content production studio lasting from a few weeks to a few hours.
We believe that AWS’s expanding portfolio will continue to contribute to Amazon’s dominance in the burgeoning cloud market.
Currently the company carries a Zacks Rank # 3 (Hold). You can see The full list of Zacks # 1 Rank (Strong Buy) stocks today here.
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