Who Will Win This $1.5 Trillion Market Opportunity in 2024?
Considering the largest company in the world by market cap (Apple) has $383 billion in annual sales, a $1.5 trillion market opportunity is massive. So what is this $1.5 trillion opportunity we speak of? It's cloud computing.
Cloud computing is a broad industry, but essentially, it's one company renting computing space and power from another. The current leaders of this large opportunity are Amazon (NASDAQ: AMZN) with its Amazon Web Services (AWS) product, Microsoft (NASDAQ: MSFT) Azure, and 's (NASDAQ: GOOG) (NASDAQ: GOOGL) Google Cloud.
These are some of the biggest names in tech, and all can put out innovative products. But which will conquer the cloud computing market in 2024?
Source Fool.com
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