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
Alphabet Inc. A Stock
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