Amazon, Microsoft cloud-computing can weather a recession and coronavirus, analysts say
In the decade since the Great Recession, cloud computing became the de facto information-technology strategy for startup companies and, increasingly, large corporations alike. The business of renting remote computing power has grown into an enormous industry and, with No. 1 player Amazon and No. 2 Microsoft based in the Seattle area, a mainstay of the region’s broader tech-driven economy.
As fears of a recession mount with the spread of the novel coronavirus, cloud analysts are considering how this $263 billion industry would fare in its first significant economic downturn since reaching maturity. The short answer: fairly well, especially for the market leaders.
