DUBLIN, October 3, 2016 /PRNewswire/ --
Research and Markets has announced the addition of the "Global Cloud Spending by SMBs Market 2016-2020" report to their offering.
The global cloud spending by SMBs market is forecast to grow at a CAGR of 20.52% during the period 2016-2020.
Commenting on the report, an analyst from the research 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.
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.
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
- CA Technologies
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by services
PART 07: Geographical segmentation
PART 08: Market drivers
PART 09: Impact of drivers
PART 10: Market challenges
PART 11: Impact of drivers and challenges
PART 12: Market trends
PART 13: Vendor landscape
PART 14: Key vendor analysis
PART 15: Appendix
PART 16: About the Author
For more information about this report visit http://www.researchandmarkets.com/research/33n37q/global_cloud
Research and Markets
Laura Wood, Senior Manager
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SOURCE Research and Markets