5 Promising Cloud Computing Stocks to Watch in 2021

The world is witnessing an exponential growth in the field of cloud computing. As businesses move their operations to the cloud, the demand for related services is surging. This trend is making cloud computing stocks an exciting investment opportunity for 2021. In this article, we will explore five of the most promising cloud computing stocks to watch in 2021.

1. Amazon Web Services (AWS)

AWS is a subsidiary of Amazon that provides on-demand cloud computing resources to businesses and individuals. AWS is the market leader in the cloud computing industry, with a market share of over 30%. With a revenue of $45 billion in 2020, AWS is a force to be reckoned with. The pandemic only accelerated the demand for cloud computing services, making AWS a promising investment opportunity for 2021.

2. Microsoft Corporation (MSFT)

Microsoft Azure is the second-largest cloud computing service provider, with a market share of approximately 19%. MSFT is constantly expanding its data center infrastructure to ensure reliable cloud services to its customers. In 2020, MSFT’s revenue from Azure increased by 48%. With this growth rate and a booming demand for cloud computing services, MSFT could be a great investment opportunity for 2021.

3. Adobe Inc. (ADBE)

Adobe’s Cloud solutions, such as Adobe Creative Cloud and Adobe Experience Cloud, have been the driving force behind the company’s growth. Adobe’s revenue from its digital media segment, which includes the Adobe Creative Cloud, has been increasing at a rate of more than 20% YoY. With over 22 million subscribers for its Creative Cloud service and high retention rates, ADBE’s cloud services could be a lucrative investment option in 2021.

4. Salesforce.com, Inc. (CRM)

Salesforce.com is well-known for its CRM software. However, the company is also a major player in cloud computing. Salesforce’s cloud offerings, such as the Sales Cloud, Service Cloud, and Marketing Cloud, have been gaining traction in the market. In 2020, the company’s revenue from cloud services increased by 25%. With the demand for cloud-based CRM solutions on the rise, CRM could be a great investment option for 2021.

5. Alphabet Inc. (GOOGL)

Google Cloud, a subsidiary of Alphabet Inc., provides cloud computing services to businesses. Google’s Cloud offerings have been gaining momentum, with a growth rate of 45% in 2020. With Google’s strong brand reputation and innovative approach to cloud services, the company could be an exciting investment opportunity in 2021.

Conclusion

Cloud computing is the future of business operations. As the demand for cloud services surges, cloud computing stocks have the potential for explosive growth. In 2021, AWS, MSFT, ADBE, CRM, and GOOGL are five of the most promising cloud computing stocks to watch. While investing always carries risk, these stocks could offer excellent long-term potential for growth. Keep an eye on these companies as the cloud computing market continues to expand.