The 20 Coolest Cloud Software Companies Of The 2024 Cloud 100
Summary
Cloud computing in recent years has been evolving from a way businesses could expand the capacity and functionality of their IT operations to become the core component of those operations. A couple more Gartner statistics: Spending for cloud applications (Software as a Service) will reach $244 billion this year, up nearly 19 percent from 2023, and by 2028 70 percent of IT workloads will run in cloud environments. Businesses and organizations are rapidly adopting cloud software of all types including ERP and CRM software, collaboration and communications systems, data management and analytics platforms, and AI and application development tools. ServiceNow is one of the industry’s fastest-growing cloud companies: The digital workflow platform provider passed the $2 billion revenue-per-quarter milestone in 2023 and will likely become a $10 billion (or more) company this year. In September ServiceNow launched Creator to embed generative AI across all Now Platform workflows and Now Assist for specific IT service management, HR and customer service tasks.