Cloud Spending by Smbs Market Size, Share, Strategies, Insights and Forecasts to 2020

Technavio Announces the Publication of its Research Report Global Cloud Spending by SMBs Market 2016-2020

Technavio recognizes the following companies as the key players in the global cloud spending by SMBs market: AWS, Google, IBM, Microsoft, AT&T, Birst, CA Technologies, Canto, HPE, RackSpace, Salesforce, SAP, ServiceNow, and VMware.

Commenting on the report, an analyst from Technavios team said: Increased adoption of cloud analytics will be a key trend for market growth. Cloud analytic services among SMBs have gained significant recognition in recent years. The adoption of cloud analytics services has increased among SMBs to get meaningful insights from structured data. Big data and analytics services are playing an important role in the business development of SMBs. The earlier majority of the SMBs were using on-premise cloud analytics solutions, but now approximately 52% of the SMBs are using cloud-based analytics solutions.”

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According to the report, one of the key drivers for market growth will be public sector spending on cloud-based projects. The UK government has implemented G-cloud program to increase cloud computing procurement across the public sector organizations of the UK. Spending on cloud computing by the US government has risen because such technologies reduce the upfront cost in the public sector IT spending. The Government of India is promoting Project Baadal, a cloud computing platform for SMBs. It is pushing the IT enablement for SMBs by promoting cloud computing as a tool to improve the efficiency and competitiveness. The Ministry of Micro, Small, And Medium Enterprises (MSMEs) of the Government of India conducted a survey. The findings from this survey will help cloud service providers to fine-tune their offerings, reduce costs, and give them a competitive edge.

Further, the report states that vendors...