Business2021 Summary in Tech (from Javascript to AWS & NFT)

The year 2021 has put a lot of difficult questions and new tasks before people. Like many companies around the world, we had to completely rethink our usual approaches to work. We are proud of our team, which was able to quickly adapt to the situation and continued to develop products in accordance with the release plans. Our developers and project managers also worked hard not to let customers down in new circumstances.

#MRBlog has prepared for you an overview of the main areas of programming technologies and languages in 2021.

JavaScript still stays as the main programming language 

Our main focus in developing products for our customers in Mobile Reality is JavaScript. And it is not surprising, because for several years in a row JavaScript has consistently ranked 1st in development among developers.

In 2021 JavaScript was an Nr1 leader on GitHub and Stack Overflow. All of JavaScript’s top frameworks, including React, Redux, Lodash, and Ramda, are grounded in functional programming concepts.

JavaScript also stays #1 on Stack Overflow for the 9th year in a row.

Saying about front-end frameworks, a large majority of JavaScript developers, same as our MRTeam, use React, Vue.js, or Angular. On a search, volume React leads at 57.5%, with Angular collecting a large 31.5% share, and Vue.js picking up at 11%.

NFT as the main obsession of 2021

Until recently, the digital art market was considered a specific sphere with minimal turnover, and collecting and selling digital art were technically complex and opaque procedures. In 2017, NFT technology appeared in the world, and in 2021, the explosive growth of blockchain art began. Some dictionaries have even chosen NFT as the word of the year.

It is noteworthy that at the same time, this is not even a word, but an abbreviation that stands for a non-fungible token — "non-interchangeable token", which Collins defines as "a unique digital certificate registered in the blockchain, used to fix the ownership of an asset like a work of art or a collector's item." According to the analytical service DappRadar, in the first half of 2021, sales of non-interchangeable tokens reached a record $2.5 billion (in the first half of 2020 - $13.7 million). From 10 thousand to 20 thousand new NFTs are sold weekly on Ethereum alone. If you're interested, you can watch the strangest NFTs.

Amazon's Cloud Business is growing 2x faster

Amazon's cloud division is growing faster than analysts expected, as businesses continue to actively use the American company's computing infrastructure to launch their websites and applications.

In July-September 2021, Amazon Web Services (AWS) revenue reached $16.11 billion, an increase of 39% compared to the same period in 2020. Analysts surveyed by StreetAccount expected an indicator of $ 15.48 billion. In the second quarter of 2021, Amazon's cloud business showed 37 percent growth.

AWS' operating profit in the third quarter of 2021 amounted to $4.88 billion compared to $3.54 billion a year earlier. Wall Street predicted a profit of $ 4.12 billion. The division's operating expenses increased from $8.1 billion to $12.2 billion.

According to CNBC, citing data from the research company Gartner, by the end of 2020, AWS accounted for 41% of the global cloud infrastructure market. According to Jefferies analyst Brent Till, AWS revenue will increase to $71 billion by 2022, and the market value of the cloud division will be measured at $ 350 billion. There were rumors that Amazon might separate AWS into a new independent company, but the online retailer has repeatedly denied them.

In the third quarter of 2021, AWS revenue accounted for 15% of Amazon's total sales. During this period, the company earned a total of $ 110.8 billion, which is 15% more than a year ago. Net profit in July-September decreased by 50%, to $ 3.16 billion compared to $ 6.33 billion in the same period a year earlier. The drop was the highest since the second quarter of 2017.

During a conference call for investors, Amazon Chief Financial Officer Brian Olsavsky noted that the factors of "labor force, labor productivity losses and rising production costs" led to additional costs of $ 2 billion in the third quarter of 2021. In the fourth quarter, according to Oslavsky's estimates, this figure may increase to $ 4 billion.

The deterioration in financial indicators affected only Amazon's e-commerce business, while the cloud division remains on the rise. This is largely facilitated by the COVID-19 coronavirus pandemic, due to which people began to study and work from home more often, which, in turn, led to a surge in demand for cloud and other Internet tools.

Stay tuned with us on 2022

One thing we are very confident about is that the MRBlog community will continue to rapidly grow and expand the capabilities of JavaScript, AWS, and other tech trends. 

For sure we will continue to write about new trends and share our insights with you.