Amazon is also going to decrease pricing on its cloud computing services with effect from April 1, Andrew Jassy from Amazon Web Services told a new conference one day after Google slashed its cloud computing pricing by up to 85 percent.
The reduction in prices by Amazon Web Services range from 10 percent and goes to 65 percent. This price reduction by Amazon is 42nd such price reduction since the service was launched 8 years ago in 2006.
Amazon, which pioneered cloud computing services in 2006, still remains industry leader with a big margin and its services are used by tech start-ups as well as established tech giants like Netflix. However, the marketing is heating up because of many rival companies investing big in cloud computing. Cisco recently announced an investment of $1 billion in cloud computing.
The computing power of Amazon Web services is presently 5 times the size of computing power of all 14 rivals combined.
Via @ Reuters