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Cloud Computing in 2021: A Complete Investor's Guide

Published 05/11/2021, 12:57 PM
Updated 05/11/2021, 01:30 PM
© Reuters.  Cloud Computing in 2021: A Complete Investor's Guide

Cloud computing is one of the fastest-growing industries and is expected to exceed the trillion-dollar mark in the next decade. In recent weeks, the sector has corrected although earnings momentum continues. 5 of the best stocks are Google (NASDAQ:GOOGL), Microsoft (NASDAQ:MSFT), Salesforce.com (NYSE:CRM), Adobe (NASDAQ:ADBE), and Autodesk (NASDAQ:ADSK). .According to Gartner (NYSE:IT), the global cloud computing market will continue growing at a 17.5% annual rate over the next decade. Given its current size of $397 billion, this means it will be more than a trillion-dollar industry within the next 5 years.

For investors, this type of growth and scale means there are many different investment opportunities:

  • The big companies that are building the cloud infrastructure layer.
  • Companies building their own cloud-based platforms. These platforms have their own ecosystem in terms of users and developers building apps for them.
  • Companies building more targeted, software-based services on top of these platforms and infrastructure.
Google (GOOGL), Microsoft (MSFT), Salesforce.com (CRM), Adobe (ADBE), Autodesk (ADSK).

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