Reportstack has announced a new market research report on  the Global SME Cloud Market, which is expected to grow at a CAGR of 20.20 percent from 2014-2019. 

According to the report, 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,”.  “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,”.

To access full report with TOC, please visit Global SME Cloud Market 2015-2019.