Cloud computing, or computing on the Internet, will be a $75 billion global business in 2015, according to Market Research Media. However, it’s still at an early stage. Market Research Media expects cloud computing to reach $270 billion by 2020.
Tim Crawford, who is a corporate computing adviser, says email providers and device manufacturers will drive the growth of cloud computing on the consumer side. “That in turn drives adoption and interest from the business community,” he says. He identifies Apple (Nasdaq: AAPL; Price: $108.72), Google (Nasdaq: GOOG; Price: $506.90) and Microsoft (Nasdaq: MSFT; Price: $46.39) as the winners among cloud-computing companies.
All three tech titans have a mean analyst recommendation of “buy” or better, according to Zacks Investment Research.