3 Things About Digital Ocean That Smart Investors Know
There's no doubt cloud infrastructure is an area of the tech sector that has massive secular tailwinds behind it. By one estimate, the U.S. cloud computing market is projected to grow to $1.7 billion by 2029, a significant increase from $480 billion at the end of 2022. The easy answer for investors looking to capitalize on this opportunity is the "Big Three:" Amazon's AWS, Microsoft's Azure, and Alphabet's Google Cloud Platform.
However, there's a smaller company with a unique offering that is also worth considering. Digital Ocean (NYSE: DOCN) is posting impressive growth numbers and becoming a compelling alternative to the cloud giants, especially for small businesses. Here are three things about Digital Ocean that smart investors know.
Digital Ocean's business strategy is to offer transparent and affordable pricing, robust customer support, and a community of developers for users to rely on. While a large enterprise with a substantial IT department may not need as much hand-holding from its cloud provider, these features are especially important for small businesses that may not have the expertise or the headcount necessary to navigate a more complicated cloud provider's product offerings.
Source Fool.com
