Albany, NY -- (SBWIRE) -- 09/30/2016 -- Cloud computing solutions are IT solutions that are deployed in the ICT systems and eliminate the need to install in-house hardware and software. The cost of in-house IT solutions is relatively low compared to cloud-based solutions among most of the IT deployment models. Cloud computing solutions have been implemented in a majority of organizations, irrespective of the size of the business. Firms that have high IT budgets and are willing to spend more on flexible IT solutions have majorly invested in cloud computing solutions. However, some of the firms are still using on-premise solutions due to cloud security concerns and also due to resistance from in-house IT departments.

The global cloud spending by SMBs market to grow at a CAGR of 20.52% during the period 2016-2020. The report covers the present scenario and the growth prospects of the global cloud spending by SMBs market for 2016-2020. To calculate the market size, the report considers the revenue generated from the sales of cloud computing solution implemented in SMBs.

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Technavio's report, Global Cloud Spending by SMBs Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
- AWS
- Google
- IBM
- Microsoft

Other prominent vendors
- AT&T
- Birst
- CA Technologies
- Canto
- HPE
- RackSpace
- Salesforce
- SAP
- ServiceNow
- VMware

Market driver
- Increased use of multitenancy and cloud management platform
- For a full, detailed list, view our report

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Key questions answered in this report
- 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?

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