What is Cloud Computing?
Cloud computing (CC) is the technique of processing, storing, and managing data on a network of remote computers hosted on the internet rather than on a personal computer or local server. A pure-play cloud computing company concentrates all its efforts on a single line of business, and, as such, tech giants like Google, Microsoft, and Amazon are not pure-play given their diversified business focuses. What Is CC’s Market Size & Projected Growth? According to a Markets and Markets report, the cloud computing market will expand at a 17% CAGR between 2022 and 2027 which is an astronomical growth rate which should bode well for CC companies.Which Are the Largest Pure-Play CC Companies?Below is a list of the largest pure-play CC companies presented in descending order of their performances in December (MTD) and for 2023 (YTD)The Pure-Play Cloud Computing Companies Index
- Business Model: develops, markets, and sells cloud networking solutions that consist of a set of network applications, as well as gigabit Ethernet switching and routing platforms.
- Business Model: provides data services, such as data reduction, data protection, and encryption, as well as storage protocols, including block, file, and object.
- Business Model: provides a platform that allows individuals and groups to collaborate and sign up for free through its website or app, or upgrade to a paid subscription plan for premium features.
- Business Model: operates an observability and security platform for cloud applications.
- Business Model: provides businesses with access to important locations, partners, and opportunities to expand their digital services, enhance customer experiences, and increase their overall value.
- Business Model: provides a platform that enables users to collaborate on content internally and with external parties, automate content-driven business processes, develop custom applications, and implement data protection, security, and compliance features.
- Business Model: provides domain name registry services and internet infrastructure that enables internet navigation of .com and .net domains that support global e-commerce and also provides back-end systems for .cc, .gov, .edu, and .name domain names, as well as operates distributed servers, networking, security, and data integrity services.
- Business Model: a REIT that provides data center, colocation, and interconnection solutions.
Summary
The above 8 CC stocks were up 0.2% in December and were up 28.9%, on average, in 2023.More By This Author:These 8 Micro/Small Cap AI Stocks Are Still In Bubble Mode – Up 19%, On Average, In December
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