In 2023, Amazon's subscription services division had net revenue of US$40.2 billion. Subscription services include Amazon Prime. Amazon reported that it had 200 million paid members worldwide at the end of 2020. The AWS category generated $80 billion in annual revenue. The company's net revenue reached USD 576 billion in the recently reported fiscal year.
Amazon revenue segment
Amazon is one of the world's largest online companies. The company's revenue grew 21% in 2019, but Google's revenue grew only 18% during the same period. The majority of Amazon's net sales are generated through its North American business segment, which accounted for US$236.3 billion in 2020. The US is the company's main market, followed by Germany and the UK.
Business Segment: Amazon Web Services
Amazon Web Services (commonly referred to as AWS) is one of Amazon's strongest growing business segments. AWS is a cloud computing service that provides a wide range of computing, networking, storage, database, analytics, and application services to individuals, businesses, and governments. As of Q3 2020, AWS accounted for approximately 32% of the global cloud infrastructure services vendor market.
