Which Company Is Winning the Cloud Computing War?
Cloud computing is changing how companies do business. Instead of purchasing expensive in-house computing resources that can quickly go out of date, companies can contract whatever computing power they need to entities like Amazon (NASDAQ: AMZN) Web Services (AWS), Microsoft (NASDAQ: MSFT) Azure, and Alphabet's (NASDAQ: GOOG) Google Cloud. Plus, this allows customers of these cloud operators to spend less money on IT teams that are dedicated to maintaining resources.
The use case of cloud computing is vast, which makes sense, given its current $447 billion market size. However, the cloud computing market is expected to grow to $1.6 trillion by 2030. Cloud computing is a massive investment opportunity, and investors need to pay attention to this space.
Which one of the big three is currently winning, and does it present a compelling investment case?
Source Fool.com
