This post was originally published on this site
https://i-invdn-com.investing.com/news/LYNXMPEA7D094_M.jpg
Companies are expected to continue using cloud platforms given the advantage of accessing data from anywhere on any device and reduced spending on storage. Moreover, a surge in internet penetration, consistent innovation in artificial intelligence (AI), big data, and 5G are expected to drive the industry’s growth. According to a Research and Markets report, the global cloud computing services market is expected to reach $937.5 billion by 2027.
Amid this backdrop, it could be wise to bet on established cloud computing stocks Workday, Inc. (WDAY), Dropbox, Inc. (DBX), Mimecast Limited (MIME), and Cornerstone OnDemand, Inc. (CSOD). Their broad portfolio of products and services and consistent innovations should help them capitalize on the industry tailwinds.
