According to the latest report by TechNavio, cloud computing is gaining increased traction among small and medium-sized enterprises (SMEs) worldwide, as it helps them significantly reduce their operational and capital expenditures.
“Cloud-based services have helped enterprises worldwide cut their IT infrastructure costs by a considerable margin,” says Faisal Ghaus, Vice President of TechNavio.
“Microsoft Office for business is a readily available cloud-based solution that has been adopted by several SMEs to cater to their unique business needs.”
The report also emphasizes SMEs that do not require comprehensive solutions for their businesses, but still need customized solutions that can suit the specific requirements of their industry and business. SMEs are price-sensitive and therefore opt for only those features that add value to their overall business paradigm.
“Cloud service providers have started designing applications that suit the hybrid model of cloud computing and provide SMEs with adequate control over their critical infrastructure,” says Ghaus.
TechNavio currently has more than 3000 market research reports on a huge range of topics, including:
TechNavio is a leading global technology research and advisory company.
Founded in 2003, TechNavio has about 200 analysts globally and develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries.
TechNavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.
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