Veeva Systems Inc. (VEEV) and Zendesk, Inc. (ZEN) are two prominent companies that offer cloud-based software services. Pleasanton, Calif.-based VEEV provides cloud-based software solutions for the global life sciences industry. It offers enterprise applications, multi-channel platforms, customer relationships, and content management solutions designed to meet customer needs and strategic business functions, from R&D to commercialization. In comparison, ZEN, in San Francisco, delivers software-as-a-service (SaaS) solutions to organizations. It provides a single customer service interface to organizations to manage their one-on-one customer interactions and track and predict common questions.
After achieving high productivity from remote working structures, companies are increasingly migrating their processes to cloud platforms to facilitate hybrid working. This, along with the continuing digital transformation, should drive the cloud computing market’s growth. The global cloud computing market is expected to grow at a 16.3% CAGR to reach $947.30 billion by 2026. So, both VEEV and ZEN should benefit.
