These 3 Companies Will Prosper in the Cloud in 2014
December 25, 2013
Grazed from Fool. Author: Tim Brugger.
We all knew cloud computing was a fast-growing market. But based on new data from IDC, cloud revenues in 2014 will exceed already sky-high expectations, jumping to more than $100 billion in spending next year. That’s a 25% increase from this year and opens a huge door of opportunity for investors. Of course, not all IT companies are ready to take advantage of the shift to cloud computing. But for a couple of late adopters and one underdog, 2014 could prove to be a pleasant year in the cloud.
The favorites
Cloud infrastructure, services — particularly platform-as-a-service (PaaS) — and related software, will lead the jump in cloud revenues next year, according to IDC. And both IBM (NYSE: IBM ) and German-based SAP (NYSE: SAP ) are positioned to take full advantage of all things cloud…
Early cloud players like Salesforce.com and Amazon.com will certainly benefit from next year’s $100 billion cloud-based spending, since both got onboard early. But the fact that IBM and SAP are later arrivals to cloud technologies, combined with their all-out commitment to making it a driving force for growth, will actually work in the favor of investors. Why? Because IBM and SAP are just scratching the surface when it comes to the cloud…
Read more from the source @ http://www.fool.com/investing/general/2013/12/25/2014-will-be-year-of-the-cloud-who-will-prosper.aspx#.UrsF-_t0lIw