This Opportunity Is Like Buying Google Stock… in 2004

The advent of "Software-as-a-Service," or SaaS, was a true inflection point of the ongoing Internet Revolution. Workers no longer had to rely on running a program they had to install on the machines on their desks in front of them. Rather, a specialist vendor would manage the software and simply allow all employees to access that software from a remote central location: "the cloud." This changed everything. Companies no longer had to deal with the myriad small hassles of software; they could tighten up operations and focus on the mission, rather than managing growing IT departments. For investors, the benefits were no less profound. Companies that offered SaaS, like Alphabet Inc. and Cisco Systems Inc., became must-have shares that returned triple digits to shareholders who got in before SaaS took off. According to a study done by Emergent Research, 80% of small businesses will be using the cloud by 2020 for much of their operations. For the top seven cloud companies, the cloud represents about $18 billion of business annually in 2015, according to the go-to news source for tech professionals, the CIO Journal. Global SaaS software revenue will reach more than $100 billion in 2016. According to Forbes, cloud-based service has a compounded annual growth rate of 24% through 2018. That's downright impressive growth given the soft nature of the global economy. If you missed SaaS, don't worry. Because right now, we're at another inflection point, one that's going to move entire sectors forward that had once been stuck firmly in the (mid) 20th century. And because the gains are likely to be even bigger this time, I want to show you the best profit play for what's about to happen... Tags: Technology Article To get full access to all Money Morning content, click here About Money Morning: Money Morning gives you access to a team of ten market experts with more than 250 years of combined investing experience – for free . Our experts – who have appeared on FOXBusiness, CNBC, NPR, and BloombergTV – deliver daily investing tips and stock picks, provide analysis with actions to take, and answer your biggest market questions. Our goal is to help our millions of e-newsletter subscribers and Moneymorning.com visitors become smarter, more confident investors. Disclaimer: © 2016 Money Morning and Money Map Press. All Rights Reserved. Protected by copyright of the United States and international treaties. Any reproduction, copying, or redistribution (electronic or otherwise, including the world wide web), of content from this webpage, in whole or in part, is strictly prohibited without the express written permission of Money Morning. 16 W. Madison St. Baltimore, MD, 21201. The post This Opportunity Is Like Buying Google Stock… in 2004 appeared first on Money Morning - We Make Investing Profitable .