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The increasing acceptance of Software as a Service (SaaS), Platform as a Service (PaaS), and Infrastructure as a Service (IaaS), among businesses, and government initiatives to support innovative technologies in several sectors, including banking, financial services, and insurance (BFSI), retail, and consumer goods, should further drive the cloud computing market’s growth. The global cloud computing market is expected to reach $947.3 billion by 2026, registering a CAGR of 16.3%.
Therefore, we think it could be wise to bet on fundamentally sound cloud computing stocks Paycom Software, Inc. (PAYC), Mimecast Limited (MIME), and Qualys, Inc. (QLYS).
