Editor’s note: A trifecta of rapid service releases, global expansion and a committed partner ecosystem promise to sustain AWS’ growth, on pace for a staggering $17B in 2017, says Technology Business Research.

HAMPTON, N.H. – Amazon Web Services (AWS) delivered consistently strong year-to-year revenue growth of 47%, reaching over $3.5 billion in 4Q16 revenue as reported by Amazon in its latest quarterly earnings report Thursday.

Despite consistent innovation and strength of Amazon’s retail and entertainment segments, AWS’ 1,017 new features and services in 2016 propelled the business to grow from 7.4% of 2015 corporate revenues to 9% in 2016.

[AWS] enabled the company to maintain profitability influence as the consistent majority contributor to operating income.

TBR expects that AWS will sustain its double-digit growth throughout 2017, delivering $17 billion in annual revenue; and will do so by:

  • driving international uptake of expanded data center capacity
  • increased storage usage by large enterprises enabled by the new Snowmobile data transfer units
  • overall resounding support from the partner network to promote use cases for the growing portfolio of AWS platform services that drive underlying infrastructure usage.