Trends
Amazon enters into a contract with Telefónica
Amazon announced its entry into the European 5G network market through a cloud contract with Telefónica on May 7. Entering the 5G market The global communication cloud market is expected to grow from $19.7 billion in 2021 to $108.7 billion by 2030. This is anticipated to provide growth opportunities…
Headline
Amazon announced its entry into the European 5G network market through a cloud contract with Telefónica on May 7. Entering the 5G market The global communication cloud market is expected to grow from $19.7 billion in 2021 to $108.7 billion by 2030. This is anticipated to provide…
Context
Amazon announced its entry into the European 5G network market through a cloud contract with Telefónica on May 7. The global communication cloud market is expected to grow from $19.7 billion in 2021 to $108.7 billion by 2030. This is anticipated to provide growth opportunities for companies like Amazon.
Evidence
Pending intelligence enrichment.
Analysis
AWS (Amazon Web Services)’s Vice President, Hofmeyr , stated, “We want to make operating telco workloads a business in its own right.” adding, “We expect to sign more contracts with other telcos within the next 12 months.” Also read: Amazon launches online shopping services in South Africa O2 Telefónica , has become the world’s first company to transition the core network of existing mobile operators to the public cloud through this contract. While there have been instances of transferring IT and other non-core operations to the public cloud in some communication networks, transitioning the core network to the cloud is considered highly rare.
Key Points
- The US online retailer Amazon is entering the European 5G network market through a cloud contract with the Spanish telecommunications company Telefónica.
- Amazon is reportedly set to migrate one million 5G customers to Amazon Web Services (AWS) cloud by the end of May through this agreement with Telefónica.
Actions
Pending intelligence enrichment.
