In 2006, it introduced Elastic Compute Cloud (EC2), an offering that allowed users to rent virtual computers to run their applications.
In 2002, Amazon Web Services started cloud-based storage and computing services. In 2006, it introduced Elastic Compute Cloud (EC2), an offering that allowed users to rent virtual computers to run their applications. That same year, Google introduced the Google Apps suite (now called Google Workspace), a collection of SaaS productivity applications. In 2009, Microsoft started its first SaaS application, Microsoft Office 2011. Today, Gartner predicts worldwide end-user spending on the public cloud will total USD 679 billion and is projected to exceed USD 1 trillion in 2027 (link resides outside ibm.com).