New cloud computing ETF taps into fast-growing universe
The global population has a reported 25 billion devices connected online around the world today – that’s three per person – whether it’s via your phone, thermostat or maybe even your fridge. And there is little doubt that remote working has resulted in a surge of demand for software.
Lala said: “DocuSign is a great example of software as a service infrastructure that we need during this type of environment. The amount of data that's been moving to the cloud since COVID kicked in has been pretty significant. For our business, there’s Salesforce, which is cloud-based software and Zoom, of course, which has become instrumental to our lives. Then think about Disney+, Netflix … that's cloud computing.
“What’s interesting is it’s become a foundation for a long-term behavioural shift, I believe. We’ve gotten used to this...
