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.