From Selling Books To Building Smart Home Eco-Systems! How Far Will Amazon’s Roots Reach In The Decade Ahead?
Amazon has expanded from selling books to becoming a giant online marketplace, offering additional service, video streaming, cloud storage, and event smart gadgets! The company is now working on increasing its international reach, such as with China, where Alibaba dominates the market. The company has just created its presence in Brazil, Turkey, and other countries.
Amazon allows other companies to market their products on Amazon’s product listing pages and rakes in billions of dollars in revenue in the process.
The increase in revenue for Amazon will likely come at Google’s expense. While Amazon’s main business is its retail, investors should not lose their focus of AWS or Amazon Web Services, the company’s cloud service as the revenue from AWS has doubled in the last years.
In the next decade, Amazon has plans to expand globally and help encourage a digital economy, which has a lot of potential as online retail sales are less than 10% in the US. The video game industry, healthcare, and other non-retail sectors are where Amazon is now focusing on. Amazon’s ability to predict the future and grow with times is what makes it such a successful company.
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