The COVID-19 pandemic made cloud computing critical as companies were forced to adopt cloud technologies to stay operational remotely. according to a current surveyAround 60% of millennials today would prefer to join companies with hybrid work structures, demonstrating the growing need for cloud infrastructure.

In addition to large corporations, the cloud migration of small, new players and SMEs is also driving the growth of this market. Faster data communication and storage, cost reduction, optimal use of resources, and advanced management capabilities are some of the factors driving organizations to rapid cloud migration. Global cloud spending is expected to increase by more than $947 billion by 2026, and the market is expected to grow by a 17.5% CAGR through 2025

With that in mind, we believe cloud computing stock IQVIA Holdings Inc. (IQV), F5, Inc. (FFIV) and VMware, Inc. (VMW) could now be a solid addition to your own portfolio.

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