“The Cloud” has evolved from a budding innovation in tech into one of the largest factors driving growth in the technology sector in only a few years. Today, cloud computing is an integral part of software-related firms, which in turn has seen investors search for cloud-focused tech stocks.
In our increasingly interconnect and mobile world, cloud computing has dramatically reshaped the way companies conduct business. Cloud computing, like the smartphone and many other innovations, is hardly a fad, and it seems nearly impossible to think that people will reverse course—unless the cybersecurity concerns become too high.
Think how much market share Amazon’s AMZN AWS cloud business was able to gain based on its significant head start into the now booming market over rivals and