Amazon already dominates in products delivery, he added, which is another reason Groupon's having warehouses won't make too many waves.
"Amazon set the bar very high with their selection, low prices, delivery, speed and customer service," Hottovy said. "I just don't see it [Groupon] being a major threat."
(Read more: Groupon becoming a 'predominantly mobile marketplace': CEO)
Still, Goods, which sells a range of consumer products, has grown in North America. That has led some to speculate that the push to bring Groupon's delivery in-house could make the company a potential acquisition target for Amazon.
That's also most likely not going to happen, Hottovy said.
With its strong grip on the market, Amazon is already invested in companies similar to Groupon, including Living Social. And it has been promoting Amazon Local, which also specializes in daily deals, for the past few years.
"An acquisition of Groupon would be redundant at this point," Hottovy said. "I think they are going to have some difficulties evolving that business. I think that's going to be very difficult, especially when Amazon has a foothold in every part of the landscape and the Internet."
—By CNBC's Cadie Thompson. Follow her on Twitter