Cloud platform companies have been central in helping businesses manage these impacts. Collaboration platforms have allowed workforces to stay connected and operational, even under lockdown. Socially, too, they have provided a crucial bridge between friends and family who would otherwise have been left isolated by social distancing. Cloud infrastructure has enabled businesses to scale without adding proportionate incremental costs.

Amid this rapidly evolving landscape, cloud platforms continue to invest aggressively in capacity and innovation as they jockey for market share and work to accelerate their clients’ digital transformations.While most cloud platforms will likely see revenues grow, there is a race to land large enterprise IT and data estates due to the long-term challenges and costs associated with migration.