A lot of tech giants like Amazon and Microsoft are deriving their revenue sources from the benefits of cloud computing, but don’t think it’s too late to hop on board the hype train. Investors can still derive the benefits of future gains from cloud computing via exchange-traded funds (ETF) that focus on the ever-increasing use of cloud computing technology.

In fact, database giant Oracle announced that it would be hiring 2,000 employees to help grow its Oracle Cloud Infrastructure business.

“Cloud is still in its early days with less than 20% penetration today, and enterprises are just beginning to use cloud for mission-critical workloads,” said Don Johnson, executive vice president, Oracle Cloud Infrastructure, in a statement. “Our aggressive hiring and growth plans are mapped to meet the needs of our customers, providing them reliability, high performance, and robust security as they continue to move to the cloud.”

Per a Fierce Telecom report, “Oracle claims to be the only cloud infrastructure company that is delivering enterprise applications, which it says gives customers cost savings and a competitive advantage by enabling them to extend their applications as they grow.”

“Over the past year, Oracle has opened 12 new Gen 2 Cloud regions and currently operates 16 regions globally, which it claims is the fastest expansion by any major cloud provider,” the report added. “While Oracle may be adding regions at a faster clip than its competitors, it still has a ways to go to match the regions offered by the likes of Amazon, Microsoft and Google.”

Although you can’t see it, the impact of cloud computing can be felt as more companies are utilizing the technology at a rapid pace to power their core businesses. That’s why Global X ETFs, the New York-based provider of exchange-traded funds, recently launched the Global X Cloud Computing ETF (Nasdaq: CLOU).

Seeking to track the Indxx Global Cloud Computing Index, the fund holds a basket of companies that potentially stand to benefit from continuing proliferation of cloud computing technology and services. The cloud computing industry refers to companies that (i) license and deliver software over the internet on a subscription basis (SaaS), (ii) provide a platform for creating software applications which are delivered over the internet (PaaS), (iii) provide virtualized computing infrastructure over the internet (IaaS), (iv) own and manage facilities customers use to store data and servers, including data center Real Estate Investment Trusts (REITs), and/or (v) manufacture or distribute infrastructure and/or hardware components used in cloud and edge computing activities.

The increasingly digital and connected world that form the backdrop for CLOU’s launch is exhibiting significant growth, and is expected to continue to grow over the coming years. The cloud computing industry that was estimated to be worth $188 billion in 2018 is expected to be worth over $300 billion by 2022, a nearly 15% annualized growth rate.

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