Portland, OR -- (SBWIRE) -- 08/24/2017 -- Small and medium enterprises (SMEs) can avoid investment on IT infrastructure and reduce operational costs by adopting cloud-based technology for their daily business operations. Cloud technology is considered as the most suitable solution for all industry verticals, as it offers features such as automatic software upgrades, flexibility, enhanced communication, and ease of collaboration between enterprise users. Cloud enhances performance, efficiency, and security of business operations & data. For instance, companies located in Ireland are making use of this technology, and about 39% of the service sector and 13% of the manufacturing have already adopted the cloud technology for business continuity and development.

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The need to reduce IT infrastructure investment and capital & operational expenditure drive the market growth. However, the need for high flexibility coupled with limited budgets, non-standard decision-making processes, and a wide range of service preferences restrict the market growth. The emergence of customized service offerings is expected to create major opportunities for market development.

The global SME cloud market is segmented on the basis of service model, end user, and region. Based on the service model, it is bifurcated into SaaS market and IaaS market. Based on the end user, it is divided into manufacturing, healthcare, and retail. Based on region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

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SME Cloud Market Key Segments:

By Service Model

- SaaS Market
- IaaS Market

By End User

- Manufacturing
- Healthcare
- Retail

By Region

North America
- U.S.
- Canada
- Mexico

Europe
- UK
- Germany
- France
- Russia
- Rest of Europe

Asia-Pacific
- China
- India
- Japan
- Australia
- Rest of Asia-Pacific

LAMEA
- Latin America
- Middle East
- Africa

Key Market Players Profiled In The Report

- Amazon.com, Inc.
- Google
- Hewlett-Packard Enterprise
- IBM Corporation
- Microsoft
- Rackspace Inc.
- Cisco Systems, Inc.
- Dell Inc.
- Oracle
- SAP SE