Which are the biggest cloud computing companies in the world right now? Cloud has been the buzz word all through the 2020 pandemic. The rising popularity of the technology has actually urged IBM (NYSE:IBM) to split its business to have a split off company to focus exclusively on cloud. This decision wasn’t prompted overnight, but the outcome of the gradual slump of its software segment, coupled with the significant growth of the cloud segment. The company plans to launch a separate company for information technology infrastructure services with a new name by the end of 2021. This comes as a landmark decision in the 109 year old IBM legacy.
So what has prompted IBM to make such an iconic decision? It is obvious that cloud computing is the next big thing in data storage technology. According to IBM executive chairman Ginni Rometty, the decision comes in wake of preparing and positioning the company for a “new era of hybrid cloud”
everything possible/Shutterstock.com
As corporates were forced to get into remote working mode overnight, the pressure was on the businesses to restructure their IT infrastructure to support the working environment that the world wasn’t prepared enough for, but has been forced to go through for months on end now. Survival of firms, of all shapes and sizes, was based on how fast they could adapt and transition into “cloud” if they had been putting off this forever. It is however, the cloud technology that has helped millions of corporates to survive this crisis, to help continue Business As Usual. Employees have been heavily dependent on collaborating on cloud platforms during the work from home phase.
However, even without any indication of the pandemic, cloud computing has been touted as the next stage technology for quite some time now. It has been the trending technology that corporate houses are eager to ride to streamline their data practices. The market has been growing and is expected to reach $832.1 billion in 2025, at a CAGR of 17.5% when the pandemic had not been in picture. With the growing market, companies in the segment have been gaining momentum and reaping the benefits. In the technology business, cloud computing might just be the most lucrative segment currently.
It is expected that even when the pandemic is past, the cloud computing market will continue to grow with the boost that it has received during this period. The market has grown 35% already. Zoom Communications (NASDAQ:ZM) has seen a 88% year-over-year increase in revenue in its very first year as a public company. The digital communication trend is not expected to die down anytime soon. Cloud companies might be frontrunners in the global recovery. The market is bound to grow well into 2021, as digital communication and cloud data centers will remain the preferred way the world stays connected. This makes it the perfect time to invest in some of the Top 10 Cloud Computing Stocks To Buy that we have recommended.
The cloud computing services span from Infrastructure as a Service (IaaS) , Platform as a Service (PaaS) to Software as a Service (SaaS). And even within each of these service categories, cloud solutions can be private, public or hybrid. This makes this a wide market, where companies might focus their energies on specific areas within the cloud umbrella.
The leaders in the technology market – Amazon, Microsoft and Oracle, are delving into the cloud market with their segments focused on cloud technology. However, newer players like HashiCorp, a company set up in 2012, are adding interesting dynamics to the multi-billion dollar market, as one of the open source companies providing free cloud tools to individual developers and start-ups. The company has launched several cloud tools that are gaining traction, which has proved to be a rewarding commercial model for the company. The market is therefore an interesting mix of giants and upcoming innovative enterprises that are both dynamic and promising. There is an intensified competition with the player vying for the market share. However, who’s exactly leading as the biggest cloud computing companies in the world? Most of us might not be aware of the biggest players, apart from the few top giants. In our list, we try to uncover the biggest companies in the cloud market by ranking them through revenue values of their respective cloud segments in the previous year. Are you ready to find out?
American file hosting service provider, Dropbox, offers a smart workspace integrating file sharing services with other collaborative tools to enable teams to have more enhanced sharing. The company has a business model wherein free storage is offered to customers with extra storage and additional features being provided as a paid service. The company had close to 15 million paid users in 2019.
ServiceNow is a Platform-as-a-Service (PaaS) cloud service provider, that supports companies in automating workflows. The company provides technical management support and has recently launched “Orlando” a version of cloud software with artificial intelligence technology.
Workday is a Cloud computing company operating in Financial Management and Human Resource Management. Some of its customers, using its on-demand Human Resource Management solutions are Walmart Inc, and UK’s BP. With Workday Talent Marketplace plans to create workforce mobility through a Talent Marketplace.
12. Alibaba Cloud
Cloud Revenue – $3,681 million
The cloud computing subsidiary of Alibaba Group, is a Chinese player in the cloud market space. The company provides cloud computing solutions to e-commerce industries as well as online businesses. It is the largest cloud computing platform in China currently.
Oracle provides servers, storage, network, applications and other services through a global network of Oracle Corporation managed data centers, in its Oracle Cloud wing. The company plans to integrate Zoom video into its marketing, sales, and customer service apps soon. The company reports its Cloud revenue under its business division Cloud services and license support, which had a revenue of $26.7 billion and also under the Cloud license and on-premise license division which was at $5,127 million.
The German MNC provides cloud services in several segments. The company has been in partnership with the likes of IBM and Hewlett Packard Enterprise (NYSE:HPE), to provide hybrid cloud services on its platform.
Under its digital media segment, the software pioneer’s Adobe Creative Cloud, is a subscription based platform that allows users to access Adobe’s creative products integrated with cloud-delivered services. These are delivered across desktop and mobile devices. Creative cloud is targeted towards creatives such as artists, designers and developers.
Google Cloud Platform and G Suite form Google’s cloud segment providing data migration and modern development environment features, on its robust infrastructure. The revenue in this segment grew 5.5% in 2019. G-suite includes apps like Gmail, Docs, Drive, Calendar, and others which enables real-time collaboration.
IBM’s Cloud platforms include Red Hat platform, which enables the operation of clients’ hybrid multi-cloud environments. It also includes IoT, Blockchain and AI/Watson platforms. The cloud revenue for the company has jumped 30% in the recent past, and this lays down the path to the future split off of its operation to focus on cloud.
Cloud service provider VMWare, integrates its desktop software to run on Microsoft Windows, Linux, and macOS. The company plans to launch a series of new solutions for its multi-cloud portfolio, under the flagship VMWorld 2020.
Artificial intelligence is the greatest investment opportunity of our lifetime. The time to invest in groundbreaking AI is now, and this stock is a steal!
It’s the revolution reshaping every industry on the planet.
From driverless cars to medical breakthroughs, AI is on the cusp of a global explosion, and savvy investors stand to reap the rewards.
Here’s why this is the prime moment to jump on the AI bandwagon:
Exponential Growth on the Horizon: Forget linear growth – AI is poised for a hockey stick trajectory.
Imagine every sector, from healthcare to finance, infused with superhuman intelligence.
We’re talking disease prediction, hyper-personalized marketing, and automated logistics that streamline everything.
This isn’t a maybe – it’s an inevitability.
Early investors will be the ones positioned to ride the wave of this technological tsunami.
Ground Floor Opportunity: Remember the early days of the internet?
Those who saw the potential of tech giants back then are sitting pretty today.
AI is at a similar inflection point.
We’re not talking about established players – we’re talking about nimble startups with groundbreaking ideas and the potential to become the next Google or Amazon.
This is your chance to get in before the rockets take off!
Disruption is the New Name of the Game: Let’s face it, complacency breeds stagnation.
AI is the ultimate disruptor, and it’s shaking the foundations of traditional industries.
The companies that embrace AI will thrive, while the dinosaurs clinging to outdated methods will be left in the dust.
As an investor, you want to be on the side of the winners, and AI is the winning ticket.
The Talent Pool is Overflowing: The world’s brightest minds are flocking to AI.
From computer scientists to mathematicians, the next generation of innovators is pouring its energy into this field.
This influx of talent guarantees a constant stream of groundbreaking ideas and rapid advancements.
By investing in AI, you’re essentially backing the future.
The future is powered by artificial intelligence, and the time to invest is NOW.
Don’t be a spectator in this technological revolution.
Dive into the AI gold rush and watch your portfolio soar alongside the brightest minds of our generation.
This isn’t just about making money – it’s about being part of the future.
So, buckle up and get ready for the ride of your investment life!
Act Now and Unlock a Potential 10,000% Return: This AI Stock is a Diamond in the Rough (But Our Help is Key!)
The AI revolution is upon us, and savvy investors stand to make a fortune.
But with so many choices, how do you find the hidden gem – the company poised for explosive growth?
That’s where our expertise comes in.
We’ve got the answer, but there’s a twist…
Imagine an AI company so groundbreaking, so far ahead of the curve, that even if its stock price quadrupled today, it would still be considered ridiculously cheap.
That’s the potential you’re looking at. This isn’t just about a decent return – we’re talking about a 10,000% gain over the next decade!
Our research team has identified a hidden gem – an AI company with cutting-edge technology, massive potential, and a current stock price that screams opportunity.
This company boasts the most advanced technology in the AI sector, putting them leagues ahead of competitors.
It’s like having a race car on a go-kart track.
They have a strong possibility of cornering entire markets, becoming the undisputed leader in their field.
Here’s the catch (it’s a good one): To uncover this sleeping giant, you’ll need our exclusive intel.
We want to make sure none of our valued readers miss out on this groundbreaking opportunity!
That’s why we’re slashing the price of our Premium Readership Newsletter by a whopping 75%.
For a ridiculously low price of just $24, you can unlock a year’s worth of in-depth investment research and exclusive insights – that’s less than a single restaurant meal!
Here’s why this is a deal you can’t afford to pass up:
The Name of the Game-Changing AI Stock: Our in-depth report dives deep into our #1 AI stock’s groundbreaking technology and massive growth potential.
Ad-Free Browsing: Enjoy a year of investment research free from distracting banner and pop-up ads, allowing you to focus on uncovering the next big opportunity.
Lifetime Money-Back Guarantee: If you’re not absolutely satisfied with our service, we’ll provide a full refund ANYTIME, no questions asked.
Space is Limited! Only 1000 spots are available for this exclusive offer. Don’t let this chance slip away – subscribe to our Premium Readership Newsletter today and unlock the potential for a life-changing investment.
Here’s what to do next:
Head over to our website and subscribe to our Premium Readership Newsletter for just $24.
Enjoy a year of ad-free browsing, exclusive access to our in-depth report on the revolutionary AI company, and the upcoming issues of our Premium Readership Newsletter over the next 12 months.
Sit back, relax, and know that you’re backed by our ironclad lifetime money-back guarantee.
Don’t miss out on this incredible opportunity! Subscribe now and take control of your AI investment future!
Here to answer that for us… and give away his No. 1 free AI recommendation… is 50-year Wall Street titan, Marc Chaikin.
Marc’s been a trader, stockbroker, and analyst. He was the head of the options department at a major brokerage firm and is a sought-after expert for CNBC, Fox Business, Barron’s, and Yahoo! Finance…
But what Marc’s most known for is his award-winning stock-rating system. Which determines whether a stock could shoot sky-high in the next three to six months… or come crashing down.
That’s why Marc’s work appears in every Bloomberg and Reuters terminal on the planet…
And is still used by hundreds of banks, hedge funds, and brokerages to track the billions of dollars flowing in and out of stocks each day.
He’s used this system to survive nine bear markets… create three new indices for the Nasdaq… and even predict the brutal bear market of 2022, 90 days in advance.
So you can see why CNBC’s Jim Cramer has said he’s learned to never bet against Marc.
