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Cloud Computing in the Securities Industry

Cloud computing is a new type of work with data and infrastructure.  Currently, the transition to cloud computing is carried out by large and small businesses.  At the same time, the transition occurs very quickly, which can be attributed to the benefits of scalability in cloud computing.  According to forecasts of various research firms, the cloud computing market will grow at an average annual rate of 21% and will exceed $ 696 billion by 2025. For comparison, the current market size is $ 200 billion.

Cloud computing is driven by the adoption of technologies such as automated vehicles, augmented and virtual reality, artificial intelligence, 5G networks, the Internet of Things, blockchain and robotics.  Modern cloud computing companies offer several types of services: infrastructure as a service (IaaS), platform as a service (PaaS), software as a service (SaaS).  In addition, the service for storing data in the cloud is becoming more and more popular among various business areas.

Among the beneficiaries of the new IT market – Dropbox Inc.  (DBX, NASDAQ) and MongoDB Inc.  (MDB, NASDAQ).

Dropbox delivers cloud storage services to meet the rapidly evolving telecommuting market and growing demand for storage and data backup.  The strong point of the service is integration with solutions from Microsoft Corporation (MSFT, NASDAQ), strengthening of positions in the mobile segment, constant increase in the list of additional services (encryption, additional storage space, etc.).  Earlier this year, Dropbox acquired the HelloSign e-signature service, which has become an important growth point as it grows faster than the cloud storage business.

MongoDB provides non-relational database technology (NoSQL), which differs from traditional relational SQL in that it scales more easily over distributed network computing systems.  The advantage of the company’s solutions is simple horizontal scalability and high performance as a file storage and distributed computing system.  MongoDB is growing rapidly despite intense competition from Amazon.com Inc.  (AMZN, NASDAQ).  In recent quarters, MongoDB has expanded its partnership with Google and also acquired the Realm data sync business platform.

This eased fears of competing with Amazon as MongoDB demonstrated the value of its solutions and its intention to diversify its portfolio.

All these changes in the securities market say only one thing – cloud technologies have a very bright future, which will only grow and develop.

IITSWEBhttps://iitsweb.com
IITSWEB is the Chief Business Development Officer at IITSWEB, a Magento design and development company headquartered in Redwood City, California. He is a Member of the Magento Association and an Adobe Sales Accredited Magento Commerce professional. Jan is responsible for developing and leading the sales and digital marketing strategies of the company. He is passionate about ecommerce and Magento in particular — throughout the years his articles have been featured on Retail Dive, Hacker Noon, Chief Marketer, Mobile Marketer, TMCnet, and many others.
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