Dynamic cloud computing with elastic IP addresses.Elastic fabric adapter for high levels of inter-instance communication.High packet-per-second performance networking with low jitter and low latency.Elastic File System: Simple, scalable, persistent, fully managed cloud file storage for shared access.Elastic Block Store: Persistent, highly available, consistent, low-latency block storage.Linux distributions, including Amazon Linux 2, Ubuntu, Red Hat Enterprise Linux, CentOS, SUSE, and Debian.Choice of operating systems and software.Some of AWS’ major competitors in the cloud computing market include: Alibaba Hewlett Packard Enterprise (HPE) IBM Google Microsoft and Oracle. In Q2 2022, AWS held a 34% market share of the high-growth cloud infrastructure market, and in Q1 2021, AWS grew its cloud business 36.5% year over year. Grand View Research estimated the market reached $369 billion in 2021 and was growing at a CAGR of 15.7%, while Markets and Markets estimated a $445.3 billion market size in 2021 that would grow at a CAGR of 16.3% to reach $947 billion by 2026. See more: The Best Data Center Companies Amazon EC2 and the Cloud Computing MarketĪmazon’s EC2 competes in the cloud computing market that Allied Market Research estimated to be valued at $325 billion in 2019, with projections to grow at a compound annual growth rate (CAGR) of 15.8% to reach $1.6 trillion in 2030. See below to learn all about Amazon EC2 and where it stands in the compute sector: Review of Amazon EC2 In the developing field of cloud computing, AWS enables organizations to stop investing in hardware and pay only for the compute time they need on an hourly or a minute-by-minute basis. Amazon EC2 has exploded from two options in 2006 into a matrix of offerings based on the CPUs needed, system memory, operating systems, and associated hardware for storage and networking.Īmazon EC2 instances can be turned off or on as needed, which embodies the elastic nature implied by the name. Amazon’s Elastic Compute Cloud (EC2) forms the basis for many Amazon Web Services (AWS) as well as the initial offerings that created modern cloud computing.

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