AMZN stock may see an upward move when markets open on January 24, 2022, after a press release by ISG Group stated that demand for Amazon AWS services is exploding from Australia due to COVID-19.
Pandemic Accelerates Australian Digital Transformations, Leading More Firms to Seek Out AWS Provider Partners
The effects of the COVID-19 pandemic have led more Australian enterprises to speed up and expand their digital transformations, generating a growing demand for cloud-native IT solutions on hyperscaler platforms, including Amazon Web Services (AWS), according to a new research report published today by Information Services Group (ISG) (Nasdaq: III), a leading global technology research and advisory firm.
The 2021 ISG Provider Lens™ AWS Ecosystem Partners report for Australia finds organizations are seeking cloud solutions that reduce costs, improve business agility, enhance security and deliver measurable business results. This growing demand has increased companies’ engagement with service providers that work with AWS.
“Innovative service providers are responding to Australia’s enterprise public cloud trend by extending and promoting their services and capabilities, even as they adapt their businesses to new requirements such as remote work,” said Scott Bertsch, partner, and regional leader, ISG Asia Pacific. “AWS is playing its part by investing in new tools and services and spending heavily on partnerships with providers.”
The report says that managed service providers (MSPs) have taken on more of what was traditionally considered system integrator roles as more companies move to the cloud and adjust to pandemic-related disruptions. Many MSPs invest in additional skills, acquire other providers, and expand their roles with AWS.
Digital transformation has made Australian enterprises aware of how much business data they can gather and use. The recent disruptions have made the need for data even more urgent, ISG says. More companies are now seeking advanced data analytics capabilities, including machine learning, and many have adopted AWS as the platform of choice for these functions. Amid the shortage of skilled personnel in this field, enterprises are turning to service providers for analytics capabilities.
The sharp expansion of remote work during the pandemic and industrial disruptions such as supply chain issues and plant shutdowns, and reconfigurations have increased Australian investments in IoT, according to ISG. In response, service providers have quickly aligned their portfolios with the changing market, adding complementary services such as IoT analytics.
The report says that many Australian companies pursuing digital transformation are migrating their SAP instances to AWS or implementing entirely new instances on the platform. The pandemic has only increased the pressure to move workloads to the cloud, and many enterprises are engaging with SAP migration and management services providers.
The ongoing business disruptions and transformations in Australia have also increased demand for enterprise IT consulting services covering workload migration, application modernization, workplace transformation, security, governance, and other needs, ISG says. With the growing use of AWS as a core IT platform, demand for consulting services from providers partnered with AWS is also increasing.
The 2021 ISG Provider Lens™ AWS Ecosystem Partners report for Australia evaluates the capabilities of 38 providers across six quadrants: AWS Managed Services, AWS SAP Workloads, AWS Data Analytics, Machine Learning, AWS Internet of Things (IoT) Services, AWS Migration Services, and AWS Consulting Services.
The report names Accenture, Deloitte, and TCS as Leaders in all six quadrants. It names DXC Technology, Infosys, and Versent as Leaders in four quadrants each and AC3 and Cognizant as Leaders in three quadrants each. HCL and Wipro are named leaders in two quadrants each, and Datacom, Intellify, and Telstra Purple are named leaders in one quadrant each.
In addition, in two quadrants, Slalom is named a Rising Star—a company with a “promising portfolio” and “high future potential” by ISG’s definition. CMD, Datacom, and Lemongrass are Rising Stars in one quadrant each.
A customized version of the report is available from TCS. View source version on businesswire.com: https://www.businesswire.com/news/home/20220123005018/en/
The ISG Provider Lens™ Quadrant research series is the only service provider evaluation of its kind to combine empirical, data-driven research and market analysis with the real-world experience and observations of ISG’s global advisory team. Enterprises will find a wealth of detailed data and market analysis to help guide their selection of appropriate sourcing partners. At the same time, ISG advisors use the reports to validate their market knowledge and recommend ISG’s enterprise clients. The research currently covers providers offering their services globally, across Europe, and in the U.S., Canada, Brazil, the U.K., France, Benelux, Germany, Switzerland, the Nordics, Australia, and Singapore/Malaysia, with additional markets be added in the future.
ISG (Information Services Group) (Nasdaq: III) is a leading global technology research and advisory firm. A trusted business partner to more than 800 clients, including more than 75 of the world’s top 100 enterprises, ISG is committed to helping corporations, public sector organizations, and service and technology providers achieve operational excellence and faster growth. The firm specializes in digital transformation services, including automation, cloud and data analytics, sourcing advisory, managed governance and risk services, network carrier services, strategy, and operations design, change management, market intelligence, and technology research and analysis. Founded in 2006 and based in Stamford, Conn., ISG employs more than 1,300 digital-ready professionals operating in more than 20 countries—a global team known for its innovative thinking, market influence, deep industry and technology expertise, and world-class research and analytical capabilities based on the industry’s most comprehensive marketplace data.
Kyndryl Holdings working with Amazon as an AWS Select Tier Services Partner
On January 20, 2022, in a blog post, Kyndryl’s (KD) Jigar Kapasi and Venkat Reddy, and AWS’ (AMZN) Koushik Mohan and Bala Ravilla said, “Kyndryl is an AWS Select Tier Services Partner and IT infrastructure services provider. The company designs, manages and modernizes the complex, mission-critical information systems the world depends on every day. Using AWS Security Hub, Kyndryl defined a secure, scalable security account architecture for customers, managed multiple customer accounts, consolidated security-related findings, and integrated into the ITSM processes in ServiceNow (NOW)… Security Hub is used to understand the security posture and integrate non-compliance findings into the ITSM system (ServiceNow) via Kyndryl’s event management hub (IBM Netcool).” Source: https://aws.amazon.com/blogs/apn/integrating-aws-security-hub-ibm-netcool-and-servicenow-to-secure-large-client-deployments/
Verizon, AWS expand to 30% more metro area locations with mobile edge computing
On January 18, 2022, the companies announced that Verizon (VZ) and Amazon’s (AMZN) AWS are now offering mobile edge computing in more U.S. metro areas with Charlotte, Detroit, Los Angeles, and Minneapolis. “Verizon 5G Edge with AWS Wavelength, a real-time cloud computing platform, brings AWS compute and storage services to the edge of Verizon’s wireless network. The combination minimizes the latency and network hops required to connect from an application hosted on the platform to the end user’s device. Launched in August 2020, the companies currently offer mobile edge computing via AWS Wavelength Zones in 17 locations in the U.S. Using 5G Edge with AWS Wavelength allows developers and businesses to build and deploy a variety of applications such as machine learning, Internet of Things, and video and game streaming,” the companies said.
Amazon will become ‘cleaner story to own’ through 2022, says JPMorgan
On January 18, 2022, JPMorgan analyst Doug Anmuth trimmed his Q1 and 2022 estimates for Amazon to reflect slower consumer spending levels against the backdrop of tough comps through most of the first half of 2022. While the Q4 holiday season “has generated mixed reviews,” Amazon.com executed well in a challenging operating environment, Anmuth tells investors in a research note. Though his estimates come down, the analyst believes lower expectations should help “de-risk shares.” He says Amazon “will become a cleaner story to own through 2022” and keeps an Overweight rating on the name with a $4,350 price target.
📺 Amazon: The Collapse | AMZN Stock | Invested
📉 AMZN Stock Technical Analysis
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There is a resistance zone ranging from 3174.98 to 3309.04. This zone is formed by multiple trend lines and important moving averages in multiple time frames. There is also a resistance zone ranging from 3719.34 to 3731.41. This zone is created by combining various trend lines in multiple time frames.
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