Helping Businesses Scale Is The Catalyst of Cloud Service Provider Growth

Helping Businesses Scale Is The Catalyst of Cloud Service Provider Growth

The Small & Medium Business (SMB) Cloud Services market is projected to grow from $25.2B in 2015 to $34.9B in 2018, attaining an 11.4% compound annual growth rate (CAGR) in three years.

79% of SMBs have a positive opinion of their Infrastructure-as-a-Service (IaaS) provider today.

Cloud-based CRM applications are projected to attain a CAGR of 27% in the next three years, adding 417,000 paid SMB users by 2018.

These and other insights are from the recently published Odin report, 2015 SMB Cloud Insights (United States edition) (30 pp., free, no opt-in).To view Odin’s regional and global, Americas, Europe, Middle East, Africa and Asia-Pacific reports please see the  download page here.

What’s noteworthy about these findings is how small and medium businesses (SMBs) are relying on Cloud Service Providers (CSPs) with expertise in cloud computing applications and platforms to help accelerate their growth. The highest-growth businesses often have geographically distributed operations, and rely on information accuracy, aggregation and velocity to produce and deliver their products and services.

Read more at agilepayments.