Amazon Takes on Google and Microsoft with CloudSearch

+11.03%
Upside
184
Market
205
Trefis
AMZN: Amazon logo
AMZN
Amazon

Amazon (NASDAQ:AMZN) has unveiled the latest product from its cloud factory – Amazon CloudSearch. It is a new web service which will offer Amazon’s scalable search technology as a service to cloud-based app developers. It enables developers to leverage Amazon’s cloud infrastructure to add advanced search features to their apps and cloud services. It offers full-text search capabilities which can be easily integrated by developers into their applications without worrying about search volume or scalability. [1]

Check out our complete analysis of Amazon

CloudSearch is powered by the same technology which is used by Amazon on its website, and aims to bring its very powerful commercial search technology to all developers. It enables users to fine tune search for their cloud apps using customizable filtering, ranking and faceting features.

Relevant Articles
  1. Up More Than 100% Since The Start Of 2023, Where Is Amazon Stock Headed?
  2. Amazon Stock Outperformed The Q3 Estimates, What’s Next?
  3. Amazon Stock Is Up 50% YTD, Can It Top The Estimates In Q3?
  4. Amazon Stock Surpassed The Street Expectations In Q2
  5. Amazon Stock Is Undervalued
  6. Amazon Stock To Beat The Consensus In Q1

While CloudSearch doesn’t exactly target the same market, it competes with Google and Microsoft’s search tools, which are currently used by developers for powering internal search within their websites.

With offerings like these, Amazon aims to become the undisputed leader in the cloud computing infrastructure market, in which it competes with Microsoft’s (NASDAQ:MSFT) Azure, Google‘s (NASDAQ:GOOG) App Engine, Salesforce.com (NYSE:CRM) offerings such as Heroku and Force.com, and Rackspace.

Cloud and Other Web Services account for around 3% of Amazon’s total value. We currently have a $205 Trefis price estimate for Amazon, which stands nearly 2% above its market price.

Understand How a Company’s Products Impact its Stock Price at Trefis

Notes:
  1. Expanding the Cloud – Introducing Amazon CloudSearch, AllThingsDistributed []