Amazon (AMZN) Announces Availability of Amazon RDS on VMware Inc.'sAMZN cloud computing arm, Amazon Web Services ("AWS") is focused on bolstering its presence in the cloud industry.

Recently, AWS announced that it has made its Amazon Relational Database Service (Amazon RDS) available on VMware.

The new service will enable customers to set up, operate, and scale databases in VMware-based software-defined data centers and hybrid environments, and also migrate these to AWS or VMware Cloud on AWS with complete ease.

In addition, Amazon RDS on VMware will support Microsoft SQL Server, Oracle, PostgreSQL, MySQL and MariaDB databases over the coming months.

The latest move will expand the customer base of the company, which will in turn drive its top-line growth. Moreover, this will strengthen the company's market position.

Shares of Amazon have outperformed its industry on a 12-month basis. The stock has registered a gain of 92.5% compared with the industry 's growth of 44.6%.

Growth Prospects in Hybrid Cloud Infrastructure

Per Gartner, 90% organizations will adopt hybrid infrastructure by 2020. Cloud compute services are expected to grow from $23.3 billion in 2016 to $68.4 billion in 2020. Hosting and collocation spending is expected to surge to $74.5 billion in 2020 from $53.9 billion in 2016. Infrastructure Utility Service (IUS) is projected to grow from $21.3 billion in 2016 to $37 billion in 2020. Storage as a service will rise from $1.7 billion in 2016 to $2.7 billion in 2020.

We expect both the companies to gain momentum from the growth prospects offered by the sector and their own ability to make the most out of it.

Growing Clientele to Aid Market Expansion

AWS is gaining traction with its expanding clientele, courtesy of its continuous efforts to improve offerings.

Recently, the company has acquired quite a few clients, in sync with its dominant market share. It has acquired a client namely Samsung Heavy Industries, which leverages the power of Amazon EC2, Amazon RDS, Amazon S3, AWS Key Management Service and AWS CloudTrail for its smart shipping systems division. Its other important clients include Disney, Expedia EXPE , Comcast, GE,, Workday and Netflix NFLX , which will continue to bolster share in the Infrastructure-as-a-service (IaaS) market.

High performance rate and rapid deployment capability has made AWS' tools desirable for small businesses as well as enterprises. Moreover, Amazon's continuing investments for infrastructure development are aiding growth on a global basis.

These factors are helping AWS to not only attract new customers but also entice the existing ones to expand their usage of Amazon's wide range of services across computing, storage, database, analytics, networking, mobile, developer tools, management tools, Internet of Things (IoT), security and enterprise applications., Inc. Price and Consensus, Inc. Price and Consensus |, Inc. Quote

Zacks Rank & Another Stock to Consider

Currently, Amazon sports a Zacks Rank #1 (Strong Buy). Another top-ranked stock in the same industry is Paycom Software, Inc. PAYC , carrying a Zacks Rank #1. You can see the complete list of today's Zacks #1 Rank stocks here .

Long-term earnings growth for Paycom Software is currently projected to be 24.8%.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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