About Cloud Services for SMBs
Software-as-a-service, platform-as-a-service, and infrastructure-as-a-service are all examples of cloud computing services. These Cloud services are available via a public, private, or hybrid network. By ensuring the availability of data and services, cloud computing provides SMEs with flexibility and cost-effectiveness. It may overcome the shortcomings of traditional servers by providing faster, more robust, and efficient services, enabling profits through improved internal processes such as better organization, effective decision - making, and faster client communication.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Cloud Services for SMBs market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Google Cloud Platform (United States), Amazon Web Services (AWS) (United States), Apple (United United), Microsoft (United States), Oracle (United States), HP (United States), Dell (United States), VMware (United States), Yahoo (United States) and SAP (Germany) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Akamai (United States), Cisco Systems (United States) and Shopify (Canada).
Segmentation Overview
AMA Research has segmented the market of Global Cloud Services for SMBs market by Type (Public Cloud, Private Cloud and Hybrid Cloud), Application (Production Enterprise, Service-oriented Businesses and Nonprofit Organizations) and Region.
On the basis of geography, the market of Cloud Services for SMBs has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by End Use, the sub-segment i.e. Data Backup will boost the Cloud Services for SMBs market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by By Service , the sub-segment i.e. Software as a Service (SaaS) will boost the Cloud Services for SMBs market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Growing Implementation Of 5G, Internet Of Things (IoT), And Artificial Intelligence (AI)
Market Growth Drivers:
Increasing Penetration Of Internet and Growing Digital Transformation Across SMBs
Challenges:
Dependence On Internet Connection and Technical Problem Associate To Cloud Service
Restraints:
High Cost Associated With Cloud Service And Solution and Data Security And Privacy Concern
Opportunities:
Increasing Awareness About The Benefits Of Cloud Computing, Government Favorable Initiatives In Support Of Adopting Cloud Computing and Rapidly Growing In The Number Of Start-Up Ecosystems Across Global
On 16 April 2021, In a bid to increase digitization among SMBs, Amazon Web Services (AWS) announced the launch of the Amazon Digital Suite, a curated set of software solutions that can enable more small businesses to bring their operations online and On 19 February 2021, Cisco has acquired IMImobile PLC, a leading provider of cloud communications software and services that manage business-critical customer interactions at scale, based in the United Kingdom
Key Target Audience
Cloud Services for SMBs Developer, New Entrants and Investors, Venture Capitalists, Government Bodies, Corporate Entities, Government and Private Research Organizations and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.