The private cloud ecosystem has matured, making the competition to land one of the coveted spots on the 2020 list steeper than ever. 2020 is proving to be the watershed moment for the cloud as companies across industries and the globe have accelerated their digital transformation and adopted new cloud technologies faster than ever before. Over the past decade, there’s been a massive market shift from on-premises to cloud, as 94% of enterprises use at least one cloud service today.
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We believe the cloud industry has been critical in enabling remote work and today’s shelter in place reality, plus many public cloud companies have been greatly tested and proven to be reliable investments. It was also an unprecedented year as a global public health crisis tore through our communities and the economy, making an indelible mark on entrepreneurs across industries who are navigating uncharted territory. Visit The Cloud 100 website to nominate a private cloud company.Īs we shared in State of the Cloud 2020, it is already shaping up to be a milestone year for the cloud industry, as aggregate SaaS and IaaS run-rate revenue each crossed $100 billion, and the BVP Nasdaq Emerging Cloud Index (^EMCLOUD) market cap crossed $1 trillion in early February. Today, I am excited to announce that nominations are officially open for the 2020 Forbes Cloud 100 list. For five years, Bessemer Venture Partners has teamed up with Forbes and Salesforce Ventures to bring you the Forbes Cloud 100-the definitive list of the world’s top 100 private cloud companies-and the emerging cadre of 20 Rising Stars poised to join their ranks.
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