Report: Global SMB Cloud Services Market to Hit $68B by 2014
22.05.12
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Small- and medium-sized businesses are poised to adopt cloud services in a big way over the next few years. That's according to the SMB Cloud Insights report published today during the Parallels Summit in Orlando, Fla.
For evidence that cloud momentum is building among small enterprises, one has to look no further than the United States. The SMB cloud services market grew 25 percent in 2011 to reach $15.1 billion. Globally, that figure is set to hit $68 billion by 2014, representing a compound annual growth rate (CAGR) of 26 percent.
SMB Cloud Adoption Quickens Tight budgets and deliberate spending are the hallmarks of SMB buying behavior, giving cloud providers the edge over traditional IT vendors, said John Zanni, the vice president of Service Provider Marketing and Alliances for Parallels .
The company is best known among IT circles for its Parallels Desktop software, which allows Mac users to run Windows on their hardware. In recent years, Parallels has expanded into desktop virtualization and cloud services. This sparked a multi-million dollar research effort that surveyed more than 6,000 companies to take the pulse of the SMB cloud market.
Source: Small Business Computing