We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Amazon (AMZN) to Open 2nd Infrastructure Region in Australia
Read MoreHide Full Article
Amazon (AMZN - Free Report) continues to dominate the global cloud computing space on the back of increasing number of availability zones and regions served by Amazon Web Services (“AWS”).
This is evident from the company’s latest announcement, wherein it notified plans to set up an infrastructure region in Australia, marking its second such establishment in the Asia Pacific region.
The new region, which is expected to be operative in second-half 2022, will be located in Melbourne. The company aims to strengthen the cloud infrastructure in Australia with the aid of lower latency networks in its availability zones.
Per plans, this new AWS Asia Pacific (Melbourne) Region will comprise three availability zones, which will help customers achieve robust fault tolerance by running their designed applications in these zones.
Further, this will aid AWS to gain traction among the startup ecosystem, big enterprises and the country’s government agencies.
The company has been strengthening presence in Australia. Over the last decade, Amazon has invested more than AUD $3 billion in Australia. The investment has been made in multiple fulfillment facilities, infrastructure and compensation, among others.
In 2012, the company opened its first infrastructure in Australia, launching the AWS Asia Pacific (Sydney) Region. This year, Amazon has opened 10 logistics sites in Australia and created ample jobs.
The latest move of the company is a testament to its strong focus on expanding presence in Australia. Notably, the e-commerce giant is aware of the country’s immense opportunities.
With the new region in Australia, the company is well poised to reap benefits from the growing cloud market of the country, which, per a report from BCG, is expected to grow from $4.7 billion in 2018 to $10.5 billion in 2023, at a CAGR of 17% over the next five years.
This creates growth opportunities for its e-commerce business in Australia as well. All these positives are likely to aid the company’s top line.
Expanding AWS Global Presence
AWS’ latest move bodes well for its strong focus on fortifying cloud footprint in international territories.
Last month, the company announced plans to launch a second infrastructure region in India by mid-2022.
In addition, AWS announced plans to open a new data center in Switzerland in the second half of 2022.
At present, AWS’ total infrastructure regions across the globe amount to 25. AWS has 77 availability zones across 24 geographic regions. The company is set to roll out additional 18 availability zones and six more AWS regions in India, Indonesia, Japan, Spain, Switzerland, and the new region in Australia.
We believe, all these strong endeavors will continue to aid its leading market share in the cloud market.
Long-term earnings growth for Marchex, Overstock.com, and Maxim is currently projected at 15%, 20% and 10%, respectively.
More Stock News: This Is Bigger than the iPhone!
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2021.
Image: Bigstock
Amazon (AMZN) to Open 2nd Infrastructure Region in Australia
Amazon (AMZN - Free Report) continues to dominate the global cloud computing space on the back of increasing number of availability zones and regions served by Amazon Web Services (“AWS”).
This is evident from the company’s latest announcement, wherein it notified plans to set up an infrastructure region in Australia, marking its second such establishment in the Asia Pacific region.
The new region, which is expected to be operative in second-half 2022, will be located in Melbourne. The company aims to strengthen the cloud infrastructure in Australia with the aid of lower latency networks in its availability zones.
Per plans, this new AWS Asia Pacific (Melbourne) Region will comprise three availability zones, which will help customers achieve robust fault tolerance by running their designed applications in these zones.
Further, this will aid AWS to gain traction among the startup ecosystem, big enterprises and the country’s government agencies.
Amazon.com, Inc. Price and Consensus
Amazon.com, Inc. price-consensus-chart | Amazon.com, Inc. Quote
Australia Expansion Continues
The company has been strengthening presence in Australia. Over the last decade, Amazon has invested more than AUD $3 billion in Australia. The investment has been made in multiple fulfillment facilities, infrastructure and compensation, among others.
In 2012, the company opened its first infrastructure in Australia, launching the AWS Asia Pacific (Sydney) Region. This year, Amazon has opened 10 logistics sites in Australia and created ample jobs.
The latest move of the company is a testament to its strong focus on expanding presence in Australia. Notably, the e-commerce giant is aware of the country’s immense opportunities.
With the new region in Australia, the company is well poised to reap benefits from the growing cloud market of the country, which, per a report from BCG, is expected to grow from $4.7 billion in 2018 to $10.5 billion in 2023, at a CAGR of 17% over the next five years.
This creates growth opportunities for its e-commerce business in Australia as well. All these positives are likely to aid the company’s top line.
Expanding AWS Global Presence
AWS’ latest move bodes well for its strong focus on fortifying cloud footprint in international territories.
Last month, the company announced plans to launch a second infrastructure region in India by mid-2022.
In addition, AWS announced plans to open a new data center in Switzerland in the second half of 2022.
At present, AWS’ total infrastructure regions across the globe amount to 25. AWS has 77 availability zones across 24 geographic regions. The company is set to roll out additional 18 availability zones and six more AWS regions in India, Indonesia, Japan, Spain, Switzerland, and the new region in Australia.
We believe, all these strong endeavors will continue to aid its leading market share in the cloud market.
Zacks Rank & Stocks to Consider
Amazon currently carries a Zacks Rank #3 (Hold). Some better-ranked stocks in the broader technology sector include Marchex (MCHX - Free Report) , Overstock.com and Maxim Integrated Products, Inc. , each carrying a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Long-term earnings growth for Marchex, Overstock.com, and Maxim is currently projected at 15%, 20% and 10%, respectively.
More Stock News: This Is Bigger than the iPhone!
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2021.
Click here for the 6 trades >>