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10 Top Cloud Computing Startups

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The global pandemic may have put a damper on many sectors of the economy, but it doesn’t seem to have hindered the cloud computing market. According to the latest forecast from Gartner, the public cloud market will likely grow 6.4% in 2020 to reach $242.7 billion. Software as a service (SaaS) is particularly strong, accounting for $104.7 billion of that total.

In a 2020 InformationWeek/Interop survey, IT leaders estimated that 42% of their cloud-related budgets are going to SaaS initiatives.

The 2020 State of the Cloud Report from Flexera found that nearly all enterprises and small businesses are using some form of cloud computing. Of those surveyed, 96% were using public cloud services and 76% had a private cloud.

As cloud computing has become the norm, the trend has given birth to a huge number of startups that rely on the cloud. These “cloud-native” companies have challenged older, more established firms by finding new ways to do things more efficiently and cost effectively than ever before. And these exciting new business models have attracted a lot of investment, in many cases in the hundreds of millions of dollars.

Read the rest of this article on InformationWeek.