Thanks to the proliferation of cloud computing stocks and their underlying technologies, it’s easy to take the segment for granted. However, these enterprises undergird the digital transformation – that is, the integration of computer tech across all facets of society. We’re not quite there yet. However, with advancements in various digitalization solutions – including artificial intelligence – it’s probably only a matter of time. Indeed, Grand View Research reminds us that the global digital transformation market size reached a valuation of $731.13 billion in 2022 . Moreover, its analysts project that the sector will witness a compound annual growth rate (CAGR) of 26.7% from this year to 2030. By the end of the forecasted period, the industry may generate total revenue of nearly $4.62 trillion. That’s a major economy in and of itself. Therefore, investors should seriously consider adding these cloud computing stocks to their portfolios. ADBE Adobe $379.16 MSFT Microsoft $280.51 IBM IBM. $129.71 SNOW Snowflake $137.46 ZS Zscaler $110.70 RNG RingCentral $29.33 DDOG Datadog $68.10 Adobe (ADBE) Source: Shutterstock A multinational computer software firm, Adobe (NASDAQ: ADBE ) historically specializes in programs for the creation and publication of various media content, including graphics, photography, and animation among […]
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
