Cloud Computing: What Is It? Which Are the Major Companies?

An original article by Lorimer Wilson, the Founder and Managing Editor of munKNEE.com – a site for sore eyes and inquisitive minds and your Key to making money which was first posted on TalkMarkets.com under the title What’s Cloud Computing? How Have The Top 8 Companies Done YTD? with 1165 pageviews to date.

What is Cloud Computing?

Cloud computing (CC) is the technique of processing, storing, and managing data on a network of remote computers hosted on the internet rather than on a personal computer or local server. It is used by individuals for storing photos or documents, watching movies or listening to music on platforms like Netflix or Spotify and for companies to store information. A pure-play cloud computing company concentrates all its efforts on a single line of business, and, as such, tech giants like Google, Microsoft, and Amazon are not pure-play given their diversified business focuses.

 

What Is CC’s Market Size & Projected Growth?

According to a Markets and Markets report, the cloud computing market will expand at a 17% CAGR between 2022 and 2027, reaching $1,240.90 billion. That’s an astronomical growth rate which should bode well for CC companies.

Below Are the Largest Pure-Play CC Companies

 

1. Arista Networks (ANET):
   • Business Model: develops, markets, and sells cloud networking solutions that consist of a set of network applications, as well as gigabit Ethernet switching and routing platforms. It also provides post contract customer support services.
2. DataDog (DDOG):
   • Business Model: operates an observability and security platform for cloud applications.
3. Drop Box (DBX): 
   • Business Model: provides a content collaboration platform that allows individuals, families, teams, and organizations to collaborate and sign up for free through its website or app, as well as upgrade to a paid subscription plan for premium features.
4. Pure Storage (PSTG):
   • Business Model: provides data services, such as data reduction, data protection, and encryption, as well as storage protocols, including block, file, and object.
5. Digital Reality Trust (DLR):
   • Business Model: is a REIT that provides data center, colocation, and interconnection solutions to leading enterprises and service providers worldwide.
6. Equinix (EQIX):
   • Business Model: provides businesses with access to important locations, partners, and opportunities to quickly and effectively expand their digital services, enhance customer experiences, and increase their overall value.
7. Verisign (VRSN):
   • Business Model: provides domain name registry services and internet infrastructure that enables internet navigation of .com and .net domains that support global e-commerce and also provides back-end systems for .cc, .gov, .edu, and .name domain names, as well as operates distributed servers, networking, security, and data integrity services
8. Box (BOX):
   • Business Model: provides a cloud content management platform that enables users to collaborate on content internally and with external parties, automate content-driven business processes, develop custom applications, and implement data protection, security, and compliance features to comply with legal and regulatory requirements, internal policies, and industry standards and regulations. It also offers web, mobile, and desktop applications for cloud content management on a platform for developing custom applications, as well as industry-specific capabilities.