The cloud IT sector is rapidly expanding, with projected cloud spending expected to reach $315 billion by 2019, up from $175 billion in 2015. A significant majority of businesses are either using or considering cloud computing services due to its benefits such as eliminating the need for hard disc space, reducing IT costs, and increasing profits. The cloud is integral for running applications, ensuring security, backing up data, and processing information.
In recent notable developments within the sector, 2015 saw the largest tech merger to date with a major company acquiring a data technology firm for $67 billion. In the same year, a prominent tech giant purchased a cloud startup for $380 million, subsequently hiring one of its co-founders to oversee their cloud operations. Additionally, a leading consumer electronics brand shifted its $600 million annual streaming expense from one major cloud provider to another, while a renowned database software giant invested $4 billion in cloud software and additional ventures, including a multi-billion dollar acquisition of a SaaS company.
With the growing adoption of cloud solutions, cloud domain names are increasing in value. Currently, five cloud-related domains are available for auction. These include "Istream.cloud" with a significant search volume, "Freebackup.cloud" reflecting a popular storage trend, "Synch.cloud" ideal for multi-device backup, and "CloudJax.com", suitable for software as a service initiatives. The final domain is "Backitup.cloud", aligning with anticipated growth in public cloud storage spending. Interested buyers can purchase these domains, which are registered through well-known providers, and must manage any associated escrow fees.
Flippa’s platform is free for buyers. Here are our tips for first-time buyers:
Before making an offer
1. Look for verified sellers. Sellers should verify their email, phone, and government ID. When a seller has completed all verifications, we identify them with a checkmark like this:
2. Review financials. Financials are seller-provided inputs. Always ask for verified financials. Ask for a tax return or request access to their dashboard. if it’s an ecommerce store get a transaction report.
3. Review traffic. Sellers can grant you access to Google Analytics. Ask for read-only access to verify site traffic.
4. Schedule a call. Communication is key. The best way to find out more is to speak directly with the seller. For your protection, keep all communication within Flippa.
5. Make the offer on Flippa. We’re here to help. Flippa does not charge buyers and by making an offer on Flippa you’ll get access to our post-sales support team.