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Cloud Computing and Software as a Service (SaaS) Point the Way to the Future, Business and Industry Trends Analysis

Cloud computing is the use of remote servers, often owned and operated by third-party service providers, to store and access data and software, as opposed to servers owned by the user.  Cloud services enable a client company to immediately increase computing capability without any investment in physical infrastructure. (The word “cloud” is also broadly used to describe any data or application that runs via the internet.)  The concept of cloud computing is key to the growing use of SaaS.
The Coronavirus pandemic accelerated movement of data from in-house servers to the cloud significantly.  Gartner forecasted that global spending on public cloud services on a broad basis would reach $723 billion in 2025.


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