Amazon Web Services LLC (AWS), an Amazon.com company (NASDAQ:AMZN), today launched the Reserved Instance Marketplace, an online marketplace that provides AWS customers the flexibility to sell their Amazon Elastic Compute Cloud (Amazon EC2) Reserved Instances to other businesses and organizations. Customers can also browse the Reserved Instance Marketplace to find an even wider selection of Reserved Instance term lengths and pricing options sold by other AWS customers. Reserved Instances for Amazon EC2 allow customers to lower costs by making a low, one-time payment to reserve compute capacity for a specified term, and in turn, receive a significant discount on the hourly charge for that instance. The Reserved Instance Marketplace gives customers the flexibility to sell the remainder of their Reserved Instances as their needs change, such as wanting to move instances to a new AWS Region, changing to a new instance type, or selling capacity for projects that end before the term expires. Amazon EC2 Instances purchased on the Reserved Instance Marketplace offer the same capacity reservations as Reserved Instances purchased directly from AWS. To learn more about the Reserved Instance Marketplace, visit http://aws.amazon.com/ec2/reserved-instance-marketplace.
Businesses can now shop the Reserved Instance Marketplace to purchase Reserved Instances outside the standard one-year and three-year term lengths. For example, a business that anticipates increased website traffic for a short period of time, or an organization wishing to spend its remaining end-of-year budget, will be able to search for Reserved Instances with shorter duration times.
“AWS has long given customers multiple ways to use Amazon EC2 and save money,” said Peter De Santis, Vice President, Amazon EC2. “For those wanting to pay for compute by the hour with no required upfront fee or ongoing commitment, Amazon EC2 offers On Demand Instances. For those willing to pay a small upfront fee in exchange for a substantial discount over On Demand Instances (up to 71%), Amazon EC2 offers Reserved Instances. As more and more customers have started buying Reserved Instances, they’ve asked for ways to sell their Reserved Instances to change instance types or where instances are located, and they’ve asked for more Reserved Instance term length options. The Reserved Instance Marketplace addresses both of these customer needs.”