In a bid to strengthen its cloud space presence, Amazon’s (AMZN - Free Report) cloud computing arm is focusing on enhancing its open-source streaming services offering.
Amazon Web Services (“AWS”) made its fully-managed service — Amazon Managed Streaming for Apache Kafka (Amazon MSK) — generally available to its customers.
Notably, Apache Kafka, an open-source stream-processing software platform, is used for building real-time data pipelines and streaming apps.
This new service enables seamless building and running of applications that are scalable, highly accessible and secured. Further, customers will be able to create Apache Kafka clusters with the help of Amazon MSK. Also, these customers will be available across multiple Availability Zones of AWS.
Additionally, the migration of on-premisesand Amazon EC2 clusters to Amazon MSK without any code changes is also allowed.
AWS to Gain Competitive Edge
Apache Kafka is highly in use since it aids the companies to make real-time business decisions. It efficiently captures and analyzes real-time data streams from websites, financial systems, IoT devices and database logs.
Apart from AWS, cloud providers like Microsoft’s (MSFT - Free Report) Azure, Alphabet’s (GOOGL - Free Report) Google Cloud and International Business Machines’ (IBM - Free Report) cloud platform have realized this burgeoning need and all are putting in strong efforts to capitalize on it.
Google Cloud via its partnership with Confluent offers managed Kafka service to its customers. Confluent Cloud is a streaming service based on Apache Kafka, which is available on Google Cloud Platform (GCP).
Azure offers HDInsight, an enterprise-grade service, assisting in running open source framework like Kafka. Further, its Azure Event Hubs for Apache Kafka is an initiative on this front.
Also, IBM cloud delivers IBM Event Streams, which is a high-throughput, fault-tolerant, event-streaming platform based on Apache Kafka.
Nevertheless, Amazon MSK is likely to leverage AWS’ competitive position with its robust features. The service automatically replaces servers and patches servers in case of failures and need of updates. Hence, it continuously monitors underlying server health.
Additionally, it requires no upfront payment and accepts fees for only the amount of used capacity.
Robust Service Portfolio to Fuel Growth
Notably, the latest move by Amazon expands its AWS service portfolio.
Apart from this latest service, the company recently made AWS Ground Station available to general customers. Notably, this solution assists customers to efficiently control satellites from AWS, download, store and process data from satellites into the AWS Global Infrastructure Regions.
Further, the company made Amazon Textract generally available to customers. By means of this service, the company is set to bring automation in the data extraction process.
Moreover, it announced the general availability of Amazon Managed Blockchain, which facilitates creating and managing scalable blockchain networks.
With all these strong endeavors at its disposal, Amazon is well-poised to reap benefits from the global cloud computing market. Per a MarketsandMarkets report, the market is expected to reach a value of $623.3 billion by 2023 from $272 billion in 2018 with an anticipation of witnessing a CAGR of 18% between 2018 and 2023.
Currently, Amazon carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
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