The term cloud gained popularity due to the pandemic during 2020. Majority of the companies asked their employees to work from home. Various companies in this context were quick to adapt this change and started using the right apps to keep things moving. But unfortunately, the companies, which were not quick enough to adapt to this change, had to bear workforce and revenue losses. All the official stuff was being carried out through remote computing through specific apps. It was during this pandemic time that the share price of Zoom communication app went up by 88% as people opted to use various similar communication tools. Similar was the case with other office apps like Microsoft Office, Teams, Google apps etc. Currently, analysts are of the view that as pandemic becomes a thing of the past, the share prices of cloud computing companies will keep on increasing. The market is bound to grow well during 2021 as online communication and digital data centers might remain the preferred way to stay connected. There are various global cloud companies. In this article, we will shed light on Top 10 Cloud Companies as shared by Insider Monkey.
One of the biggest companies is Microsoft Azure. According to available data, the company reported a sum of $51,700 million as net revenue from its cloud section which is a 47% growth rate during the previous quarter. As per Canalys, Microsoft Azure has a 20% market share in the cloud section. The Microsoft Corporation often does not report its earnings from Azure. Infact, what is reported is the overall earnings from its cloud division which includes Azure as well. In this way, the analysts are unable to see how far Microsoft Azure is doing with respect to the competitors. Various features of Microsoft Office 365 make Microsoft as the biggest cloud company on this planet. Another popular cloud company is Salesforce. It provides customer relationship management services to various companies. The services are related to commerce cloud, service cloud, sales cloud, Internet-Of-Things, and data cloud. Salesforce also provides applications for marketing automation, customer service and analytics. It is a long list of companies. Do you find this information interesting? Are you interested to read more about cloud computing and cloud companies? Check out this article 15 Biggest Cloud Computing Companies in the World on Yahoo.