Cloud computing or the ability to use external computing resources for a payment is gradually taking over computing, especially for mid size companies, with the technology industry leading the way.
Since cloud computing offered by the corporations Amazon, Microsoft and Alphabet, the owner of Google, are usually offered via a "pay as you go" model the cloud computing services offered by the aforementioned technology firms are proving remarkably cost efficient.
Computing infrastructure needed to process the contemporary huge amounts of data created by mega trends as videos and pictures consumption is quite costly. Companies like Spotify, Snap Inc, Snapchat owner and many others use the cloud service of Amazon called AWS to operate their businesses. And actually both Spotify and Snapchat recently boasted market capitalisations of either above or circa 100 billion USD.
And the number of smaller firms utilising cloud computing services is enormous.
Smaller, niche players in cloud computing as GitLab and Hashi Corp seems undervalued in the long-term.
The main benefit of cloud computing is that actually small IT firms or idividuals can utilise the resources of technology leaders like Amazon, Microsoft and Alphabet to drive their business.
This opportunity serves to only increase their edge.
In short, cloud computing is the future of computing and in the long-term, barring an unforeseen negative development Amazon, Microsoft and Alphabet and smaller cloud firms as GitLab and Hashi Corp should be able to increase their market capitalisations multiple fold.
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