The following video is part of our "Motley Fool Conversations" series, in which technology and media editor/analyst Andrew Tonner and technology editor/analyst Brenton Flynn discuss topics around the investing world.
Amazon.com's dominance of the cloud space has long been taken as a given. The company rolled out its popular Amazon Cloud Services six years ago, and its growth has been impressive, having a presence around the globe. However, this story still has plenty of room to play out, with the market for cloud services poised to more than triple in value in the next two years alone. It's this kind of tantalizing growth that attracts serious competition. In fact, one major player just upped its interest in this explosive growth market. Recently, Google made it clear that it intends to grow its presence in this sector in a big way. Will this tip the balance of power in the cloud, or can Amazon expect to maintain its position on top? Watch the video to find out.
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Andrew Tonner has no positions in the stocks mentioned above. Brenton Flynn owns shares of Amazon.com. The Motley Fool owns shares of Amazon.com, Google, Apple, and Microsoft. Motley Fool newsletter services recommend Amazon.com, Apple, Google, Microsoft, and Rackspace Hosting. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.