The cloud computing market is growing due to digital transformation efforts and innovative technology implementations in different sectors. It is therefore a smart move to place your money on solid cloud computing stocks Paycom, Mimecast and Qualys. So, let’s take a closer look at these companies.Rapid advancements in technologies, increasing internet penetration, and rising dependency on virtual working environments are leading organizations to adopt cloud computing services increasingly. Many reasons businesses are turning to cloud computing include security, cost-savings, mobility, loss prevention and flexibility. According to a report by IDC, “whole cloud” spending is expected to reach $1.3 trillion by 2025.

The increasing acceptance of Software as a Service (SaaS), Platform as a Service (PaaS), and Infrastructure as a Service (IaaS), among businesses, and government initiatives to support innovative technologies in several sectors, including banking, financial services, and insurance (BFSI), retail, and consumer goods, should further drive the cloud computing market’s growth. Global cloud computing is predicted to grow at 16.3% annually, reaching $947.3 Billion by 2026.

It could therefore be a wise decision to invest in fundamentally sound cloud computing stock Paycom Software, Inc., Mimecast Limited., and Qualys, Inc.

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