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Is Web Services Amazon's Real Business?

Give it a few years, and retail may become a side project at (NASDAQ: AMZN  ) , Fool contributor Tim Beyers says in the following video.

We know because Amazon says so. At a recent conference to roll out significant upgrades to Amazon Web Services, Senior Vice President Andy Jassy told the gathered crowd that CEO Jeff Bezos believes AWS could become Amazon's biggest business. That day is likely to be a few years off, Tim says, but the products and projections we're seeing in the meantime are astounding. Analysts at Evercore Partners figures AWS will generate $8 billion in revenue and be worth $50 billion in market value by 2015.

In the meantime, AWS is pushing boundaries with new products such as AppStream for real-time gaming in the cloud and Kinesis for collecting and analyzing Big Data in real time, all in a hosted environment that requires no upfront investment in infrastructure. Tim says the potential for these services is extraordinary and should push cloud rivals to innovate.

Do you agree? Are you using more Amazon Web Services now than last year at this time? Please watch the video to get Tim's full take, and then leave a comment to let us know where you stand.

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