Cloud Computing, The Future, and Your Money: Google Inc, Amazon.com, Inc.

Grazed from Insider Monkey. Author: Editorial Staff.

Want your mind blown? The Motley Fool Rulebreakers released this report revealing the significance of what has now become referred to as “the cloud.” Give it a read. What is the cloud?

To be clear, the definition of cloud computing is sometimes still debated among investing and technological professionals. In short, though, cloud computing is a new industry where services are offered and delivered via a network, primarily the internet. Most all firms providing cloud computing services utilize rental or pay as you models for charging users.

Following are 3 of some of the most utilized services:

• Software (like accounting, information systems, or HR)
• Storage (benefits of data storehouses without owning the necessary tools)
• Infrastructure (benefits of hardware and structure without owning the assets)…

A study performed by the global market intelligence firm IDC indicates that between 2012 and 2016 public IT services will boast a 26.4% annual compound growth rate. Also, consider what we experienced in 2011 when the First Trust ISE Cloud Computing Index Fund, the first ETF for the cloud computing space was born. This fund includes small tech startups to the behemoths Microsoft Corporation (NASDAQ:MSFT), Google Inc (NASDAQ:GOOG), Apple, and Oracle. While more detailed information about the fund can be found here, investors should anticipate that this ETF will grow with the demand for cloud computing services…

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