Why is AWS so popular?
Depending on who you ask, some estimates peg the global cloud computing market at around USD 445 billion in 2021, growing to about USD 950 billion by 2026. This implies a Compound Annual Growth Rate (CAGR) of around 17% for the period.
There are multiple reasons why the cloud market is growing so fast. Some of them are listed here:
- Elasticity
- Security
- Availability
- Faster hardware cycles
- System administration staff
In addition to the above, AWS provides access to emerging technologies and faster time to market. Let's look at the most important reason behind the popularity of cloud computing (and, in particular, AWS) first.