A Comprehensive Guide To Cloud Computing ETFs

The coronavirus outbreak is a major concern across the globe. However, amid the health crisis, industries including cloud computing have been thriving with majority of people working from home.

Cloud Computing, Technology, Network

Even though vaccine rollout has begun globally, demand for cloud computing is set to stay robust even beyond the pandemic.

Cloud computing and storage have empowered video conferencing, gaming, e-commerce shopping, remote project collaboration, online classes, editing, etc. It has also found applications in social networking, messaging apps and streaming services. Cloud computing is also supporting organizations in remotely processing a lot of information, developing and running key applications and services.

How is the Cloud Computing Industry Placed in 2021?

In the wake of the pandemic, cloud technology adoption is projected to witness robust growth in sectors where the work-from-home initiatives are helping sustain business functions. Notably, the global cloud computing market size is projected to rise from $371.4 billion in 2020 to $832.1 billion by 2025, at a CAGR of 17.5%, per a ResearchAndMarkets.com report.

Gartner has reportedly projected that the end-user spending on public cloud computing should increase 18.4% in 2021 globally to a total of $304.9 billion, up from an estimated $257.5 billion in 2020.

Integration of cloud computing with AI, big data and IoT will help businesses touch new levels of success in innovation. Going by a Forrester’s Predictions 2021 report, cloud will power the way companies adapt to the “new, unstable normal” in 2021. The global public cloud infrastructure market is projected to expand 35% to $120 billion in 2021. It is also believed that cloud computing will help companies globally accelerate recovery in 2021.

Another reason for the cloud computing market optimism is the uncertainty surrounding the coronavirus outbreak, which has led to ambiguity regarding the duration of the work from home orders imposed by corporations. Notably, Global Workplace Analytics has predicted in a report that by the end of 2021, 25-30% of the workforce is set to work from home for multiple days a week.

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