Cloud Hosting

Cloud is fast emerging as the new model of computing in the technology industry. Many companies now prefer to rely on cloud based service providers for highly specialized computing services so that they can focus on their core businesses.

Cloud computing is more secure as also cheaper than traditional systems. It also provides firms a lot of flexibility and agility in scaling up or down their computing capacity according to business needs. Cloud computing revenues soared 246% in the previous decade, and are expected to grow by another 30% before 2023, per WSJ.

Amazon (AMZN) is currently the leader in the cloud market, but Microsofts (MSFT) cloud revenues are growing faster than Amazons. Alibaba (BABA) and Google (GOOGL) are third and fourth respectively in terms of the global market share.

The First Trust Cloud Computing ETF (SKYY) tracks a modified equal weighted index of infrastructure, platform and software cloud companies. Microsoft, Amazon and Alphabet are its top holdings.

The Global X Cloud Computing ETF (CLOU) hold companies that are positioned to benefit from the increased adoption of cloud computing. While Amazon, Microsoft and Alphabet are included in the portfolio, the funds top holdings are pure-play cloud companies like Zscaler (ZS) and Shopify (SHOP).

The WisdomTree Cloud Computing ETF (WCLD) tracks an equal-weighted index of emerging companies focused on cloud software and services. DocuSign (DOCU) and Ringcentral (RNG) are among the top holdings.

To learn more about these ETFs, please watch the short video above.

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Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free reportMicrosoft Corporation (MSFT) : Free Stock Analysis ReportAmazon.com, Inc. (AMZN) : Free Stock Analysis ReportRingcentral, Inc. (RNG) : Free Stock Analysis ReportAlphabet Inc. (GOOGL) : Free Stock Analysis ReportAlibaba Group Holding Limited (BABA) : Free Stock Analysis ReportShopify Inc. (SHOP) : Free Stock Analysis ReportFirst Trust Cloud Computing ETF (SKYY): ETF Research ReportsDocuSign Inc. (DOCU) : Free Stock Analysis ReportZscaler, Inc. (ZS) : Free Stock Analysis ReportGlobal X Cloud Computing ETF (CLOU): ETF Research ReportsWisdomTree Cloud Computing ETF (WCLD): ETF Research ReportsTo read this article on Zacks.com click here.Zacks Investment ResearchWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

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3 ETFs to Profit from Explosive Growth of Cloud Computing - Yahoo Finance