As other retailers work to keep up, Amazon is predicted to grow through 2021, if not longer.
As other companies try to keep up in the online retail industry, Amazon seems to stay one step ahead, with a market value of $427 billion. But where exactly is the e-commerce giant's revenue coming from?
According to a Sellbrite infographic, Amazon focuses on customers and growth instead of profits. It works--35% of the company's revenue stems from purchases made from the "Frequently Bought Together" and "Customers Who Bought This Item Also Bought" features.
SEE: Vendor Selection Checklist: E-commerce (Tech Pro Research)
The main moneymaker is retail sales, which account for two-thirds of the company's revenue stream. Third-party retail sellers are in second place with 17% of the revenue.
Amazon's e-commerce domination hasn't hit its peak either, the infographic said. The company accounts for 37% of the ecommerce field currently, and is expecting to hit 50% by 2021.
Amazon dominates in the cloud, but Amazon Web Services (AWS) only makes up 9% of their total revenue. While AWS made $12.2 billion in 2016, Google Cloud was projected to make $4.1 billion and Microsoft Azure made $2.5 billion.
Check out the full infographic below.
- Walmart testing fully-automated store with no cashiers or checkouts (TechRepublic)
- Hiring kit: ecommerce tech analyst (Tech Pro Research)
- Amazon sales up 34 percent in Q3 (ZDNet)
- Online shoppers are losing trust in e-commerce, study finds (TechRepublic)
- First, Amazon destroyed retail -- now, it's coming for Starbucks (ZDNet)