The global cloud computing market is projected to grow at a compound annual growth rate (CAGR) of 20.4% from 2025 to 2030, according to Grand View Research. This growth is driven by increasing demand for cost-effective IT solutions across various industries such as healthcare, finance, education, retail, and manufacturing. Key advantages of cloud computing include reduced operational costs and enhanced productivity through agile and scalable services.
Three notable companies within this sector are Amazon.com, Inc. (AMZN), Atlassian Corporation PLC (TEAM), and Cloudflare, Inc. (NET). Amazon’s AWS leads the market, offering over 200 services and targeting long-term earnings growth expectations of 20.3%. Atlassian anticipates an $18 billion revenue opportunity from its cloud-based collaboration tools, with an earnings growth expectation of 20.5%. Meanwhile, Cloudflare is focusing on cybersecurity innovations and Zero Trust integrations, projecting earnings growth of 26.8%.
As of now, all three companies hold a Zacks Rank of #2 (Buy) and show strong momentum, with Cloudflare gaining 76.3% in the past year. Investors may look to leverage these opportunities in the cloud computing landscape before 2026.
