Cloud Technology Investment Instruments

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The growth in Cloud Computing industry is just beginning. For years, organizations around the globe have been migrating their operations online (to the cloud), but the pandemic (and the related rise of working remotely) has accelerated the trend. Cloud technology has become an essential part of how companies keep, manage and access information. What is more, the uses of cloud computing are constantly expanding. They can broadly be categorized as client-server computing, mainframe computing, grid/distributed computing and utility computing.
Tech researcher Gartner (NYSE:IT) thinks that spending on global cloud computing (as well as edge computing) will increase from more than $250 billion in 2020 to exceed $360 billion in 2022. By the end of the decade, some estimates put total global cloud spending at $1 trillion per year. Cloud computing stocks are thus one of the top investment themes for 2021.

Instruments to Invest in Cloud Technology

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