TechniTrader Industry Report: Cloud Computing... Now Available!

    AUBURN, WA, October 10, 2010 /24-7PressRelease/ -- Cloud computing is the fastest growing new technology in the software industry at this time with new companies emerging as fast as new application companies did during the early 1990s. This new technology is a much needed boost for the stagnant software industry.

The software industry rose during the boom years between 1985 -2000 when technology for PC computers, software, electronics, and the Internet surged in popularity. The collapse that followed caused most software companies to plummet in value then slowly recover. The 2008 financial crisis saw another drop in stock values that have recovered almost back to the level these stocks had prior to the banking debacle. But still this industry is far from its prior heights.

The software industry remained in slow growth due to a lack of new inventive, innovative ways to use and create software.

But with the advent of Cloud Computing a revolution in software technology is underway and growing exponentially even during a recession.

This new approach to software technology is reviving and reinventing older software companies as well as providing a new opportunity for highly creative, imaginative, and inventive new entrepreneurs.

Cloud computing is essentially software that is accessible and maintainable via the Internet. Instead of buying a software program on CD at your local Office Depot, you simply log onto your computer using the software remotely.

Gone are the days of loading software onto your personal or business computer via a CD or an Internet download. Gone are the days of a huge staff of IT personnel to maintain corporate software programs.

Cloud computing makes sense in a world that is ever increasingly mobile and portable. It makes sense with so many people using various types of computers, palm and smart phone devices for their day to day business activity.

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