SME Cloud Market Report by Service Model (SaaS, IaaS), End User (Manufacturing, Healthcare, Retail), and Region 2023-2028
Market Report I 2023-11-02 I 147 Pages I IMARC Group
The global SME cloud market size reached US$ 261.2 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 675.1 Billion by 2028, exhibiting a growth rate (CAGR) of 17.1% during 2022-2028. The rising product adoption for enhanced data security, the surging need to reduce infrastructure investments, and the increasing integration of advanced technologies represent some of the key factors driving the market.
Small and medium-sized enterprise (SME) cloud refers to cloud computing services and solutions that are designed specifically for small and medium-sized businesses. These services include a wide range of offerings, including infrastructure as a service (IaaS), platform as a service (PaaS), software as a service (SaaS), and other cloud-based solutions. They are typically tailored to meet the unique needs and requirements of SMEs, which often have different IT budgets, resource constraints, and technology needs compared to larger enterprises. They also offer a variety of benefits, including cost savings, scalability, accessibility, and improved data security. Some commonly used SME cloud services include cloud-based storage and backup solutions, collaboration and communication tools, accounting and financial management software, and customer relationship management (CRM) systems. Nowadays, with increasing amounts of data and workload, there is an escalating demand for SME cloud services across various industries.
SME Cloud Market Trends:
The market is primarily driven by the rising product adoption to improve data security. Cloud-based solutions can offer improved data security, as data is often stored in secure data centers with multiple layers of security. This can be particularly important for SMEs that may need more resources to implement robust security measures on their own. In addition, the surging need to reduce infrastructure investments represents another major growth-inducing factor. Cloud-based solutions are more cost-effective than on-premises solutions, as they do not require the purchase and maintenance of expensive hardware and software. This can be particularly appealing to SMEs with limited budgets. Besides this, the increasing utilization of cloud solutions by growing SMEs that need to quickly scale up their operations as these solutions are more scalable than traditional solutions, allowing SMEs to add or remove resources as needed easily is also contributing to market growth. Moreover, the growing integration of cloud solutions with other systems, such as customer relationship management (CRM) or enterprise resource planning (ERP) systems, to streamline operations and improve efficiency is propelling market growth. Furthermore, enhanced accessibility provided by these solutions and the emergence of customized service offerings are other factors creating a favorable market outlook across the globe.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each segment of the global SME cloud market, along with forecasts at the global, regional, and country levels from 2023-2028. Our report has categorized the market based on service model and end user.
Service Model Insights:
SaaS
IaaS
The report has provided a detailed breakup and analysis of the SME cloud market based on the service model. This includes SaaS and IaaS. According to the report, SaaS represented the largest segment.
End User Insights:
Manufacturing
Healthcare
Retail
A detailed breakup and analysis of the SME cloud market based on the end user has also been provided in the report. This includes manufacturing, healthcare, and retail.
Regional Insights:
North America
United States
Canada
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Asia Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
The report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, North America was the largest market for SME cloud. Some of the factors driving the North America SME cloud market included various benefits offered by cloud services, the increasing utilization of these services to improve data security, and the surging need to reduce investments.
Competitive Landscape:
The report has also provided a comprehensive analysis of the competitive landscape in the global SME cloud market. Detailed profiles of all major companies have been provided. Some of the companies covered include Amazon Web Services Inc. (Amazon.com Inc.), Cisco Systems Inc., Dell Inc. (Dell Technologies Inc.), Google LLC (Alphabet Inc.), Hewlett Packard Enterprise Development LP, International Business Machines Corporation, Microsoft Corporation, Oracle Corporation, SAP SE., etc. Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.
Key Questions Answered in This Report:
How has the global SME cloud market performed so far, and how will it perform in the coming years?
What are the drivers, restraints, and opportunities in the global SME cloud market?
What is the impact of each driver, restraint, and opportunity on the global SME cloud market?
What are the key regional markets?
Which countries represent the most attractive SME cloud market?
What is the breakup of the market based on the service model?
Which is the most attractive service model in the SME cloud market?
What is the breakup of the market based on the end user?
Which is the most attractive end user in the SME cloud market?
What is the competitive structure of the global SME cloud market?
Who are the key players/companies in the global SME cloud market?
1 Preface
2 Scope and Methodology
2.1Objectives of the Study
2.2Stakeholders
2.3Data Sources
2.3.1Primary Sources
2.3.2Secondary Sources
2.4Market Estimation
2.4.1Bottom-Up Approach
2.4.2Top-Down Approach
2.5Forecasting Methodology
3 Executive Summary
4 Introduction
4.1Overview
4.2Key Industry Trends
5 Global SME Cloud Market
5.1Market Overview
5.2Market Performance
5.3Impact of COVID-19
5.4Market Forecast
6 Market Breakup by Service Model
6.1SaaS
6.1.1 Market Trends
6.1.2 Market Forecast
6.2IaaS
6.2.1 Market Trends
6.2.2 Market Forecast
7 Market Breakup by End User
7.1Manufacturing
7.1.1 Market Trends
7.1.2 Market Forecast
7.2Healthcare
7.2.1 Market Trends
7.2.2 Market Forecast
7.3Retail
7.3.1 Market Trends
7.3.2 Market Forecast
8 Market Breakup by Region
8.1North America
8.1.1 United States
8.1.1.1 Market Trends
8.1.1.2 Market Forecast
8.1.2 Canada
8.1.2.1 Market Trends
8.1.2.2 Market Forecast
8.2Asia-Pacific
8.2.1 China
8.2.1.1 Market Trends
8.2.1.2 Market Forecast
8.2.2 Japan
8.2.2.1 Market Trends
8.2.2.2 Market Forecast
8.2.3 India
8.2.3.1 Market Trends
8.2.3.2 Market Forecast
8.2.4 South Korea
8.2.4.1 Market Trends
8.2.4.2 Market Forecast
8.2.5 Australia
8.2.5.1 Market Trends
8.2.5.2 Market Forecast
8.2.6 Indonesia
8.2.6.1 Market Trends
8.2.6.2 Market Forecast
8.2.7 Others
8.2.7.1 Market Trends
8.2.7.2 Market Forecast
8.3Europe
8.3.1 Germany
8.3.1.1 Market Trends
8.3.1.2 Market Forecast
8.3.2 France
8.3.2.1 Market Trends
8.3.2.2 Market Forecast
8.3.3 United Kingdom
8.3.3.1 Market Trends
8.3.3.2 Market Forecast
8.3.4 Italy
8.3.4.1 Market Trends
8.3.4.2 Market Forecast
8.3.5 Spain
8.3.5.1 Market Trends
8.3.5.2 Market Forecast
8.3.6 Russia
8.3.6.1 Market Trends
8.3.6.2 Market Forecast
8.3.7 Others
8.3.7.1 Market Trends
8.3.7.2 Market Forecast
8.4Latin America
8.4.1 Brazil
8.4.1.1 Market Trends
8.4.1.2 Market Forecast
8.4.2 Mexico
8.4.2.1 Market Trends
8.4.2.2 Market Forecast
8.4.3 Others
8.4.3.1 Market Trends
8.4.3.2 Market Forecast
8.5Middle East and Africa
8.5.1 Market Trends
8.5.2 Market Breakup by Country
8.5.3 Market Forecast
9 Drivers, Restraints, and Opportunities
9.1Overview
9.2Drivers
9.3Restraints
9.4Opportunities
10 Value Chain Analysis
11 Porters Five Forces Analysis
11.1Overview
11.2Bargaining Power of Buyers
11.3Bargaining Power of Suppliers
11.4Degree of Competition
11.5Threat of New Entrants
11.6Threat of Substitutes
12 Price Analysis
13 Competitive Landscape
13.1Market Structure
13.2Key Players
13.3Profiles of Key Players
13.3.1Amazon Web Services Inc. (Amazon.com Inc.)
13.3.1.1 Company Overview
13.3.1.2 Product Portfolio
13.3.2Cisco Systems Inc.
13.3.2.1 Company Overview
13.3.2.2 Product Portfolio
13.3.3Dell Inc. (Dell Technologies Inc.)
13.3.3.1 Company Overview
13.3.3.2 Product Portfolio
13.3.4Google LLC (Alphabet Inc.)
13.3.4.1 Company Overview
13.3.4.2 Product Portfolio
13.3.5Hewlett Packard Enterprise Development LP
13.3.5.1 Company Overview
13.3.5.2 Product Portfolio
13.3.6International Business Machines Corporation
13.3.6.1 Company Overview
13.3.6.2 Product Portfolio
13.3.7Microsoft Corporation
13.3.7.1 Company Overview
13.3.7.2 Product Portfolio
13.3.8Oracle Corporation
13.3.8.1 Company Overview
13.3.8.2 Product Portfolio
13.3.9SAP SE
13.3.9.1 Company Overview
13.3.9.2 Product Portfolio
Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.
Figure 1: Global: SME Cloud Market: Major Drivers and Challenges
Figure 2: Global: SME Cloud Market: Sales Value (in Billion US$), 2017-2022
Figure 3: Global: SME Cloud Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 4: Global: SME Cloud Market: Breakup by Service Model (in %), 2022
Figure 5: Global: SME Cloud Market: Breakup by End User (in %), 2022
Figure 6: Global: SME Cloud Market: Breakup by Region (in %), 2022
Figure 7: Global: SME Cloud (SaaS) Market: Sales Value (in Million US$), 2017 & 2022
Figure 8: Global: SME Cloud (SaaS) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 9: Global: SME Cloud (IaaS) Market: Sales Value (in Million US$), 2017 & 2022
Figure 10: Global: SME Cloud (IaaS) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 11: Global: SME Cloud (Manufacturing) Market: Sales Value (in Million US$), 2017 & 2022
Figure 12: Global: SME Cloud (Manufacturing) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 13: Global: SME Cloud (Healthcare) Market: Sales Value (in Million US$), 2017 & 2022
Figure 14: Global: SME Cloud (Healthcare) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 15: Global: SME Cloud (Retail) Market: Sales Value (in Million US$), 2017 & 2022
Figure 16: Global: SME Cloud (Retail) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 17: North America: SME Cloud Market: Sales Value (in Million US$), 2017 & 2022
Figure 18: North America: SME Cloud Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 19: United States: SME Cloud Market: Sales Value (in Million US$), 2017 & 2022
Figure 20: United States: SME Cloud Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 21: Canada: SME Cloud Market: Sales Value (in Million US$), 2017 & 2022
Figure 22: Canada: SME Cloud Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 23: Asia-Pacific: SME Cloud Market: Sales Value (in Million US$), 2017 & 2022
Figure 24: Asia-Pacific: SME Cloud Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 25: China: SME Cloud Market: Sales Value (in Million US$), 2017 & 2022
Figure 26: China: SME Cloud Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 27: Japan: SME Cloud Market: Sales Value (in Million US$), 2017 & 2022
Figure 28: Japan: SME Cloud Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 29: India: SME Cloud Market: Sales Value (in Million US$), 2017 & 2022
Figure 30: India: SME Cloud Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 31: South Korea: SME Cloud Market: Sales Value (in Million US$), 2017 & 2022
Figure 32: South Korea: SME Cloud Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 33: Australia: SME Cloud Market: Sales Value (in Million US$), 2017 & 2022
Figure 34: Australia: SME Cloud Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 35: Indonesia: SME Cloud Market: Sales Value (in Million US$), 2017 & 2022
Figure 36: Indonesia: SME Cloud Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 37: Others: SME Cloud Market: Sales Value (in Million US$), 2017 & 2022
Figure 38: Others: SME Cloud Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 39: Europe: SME Cloud Market: Sales Value (in Million US$), 2017 & 2022
Figure 40: Europe: SME Cloud Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 41: Germany: SME Cloud Market: Sales Value (in Million US$), 2017 & 2022
Figure 42: Germany: SME Cloud Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 43: France: SME Cloud Market: Sales Value (in Million US$), 2017 & 2022
Figure 44: France: SME Cloud Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 45: United Kingdom: SME Cloud Market: Sales Value (in Million US$), 2017 & 2022
Figure 46: United Kingdom: SME Cloud Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 47: Italy: SME Cloud Market: Sales Value (in Million US$), 2017 & 2022
Figure 48: Italy: SME Cloud Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 49: Spain: SME Cloud Market: Sales Value (in Million US$), 2017 & 2022
Figure 50: Spain: SME Cloud Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 51: Russia: SME Cloud Market: Sales Value (in Million US$), 2017 & 2022
Figure 52: Russia: SME Cloud Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 53: Others: SME Cloud Market: Sales Value (in Million US$), 2017 & 2022
Figure 54: Others: SME Cloud Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 55: Latin America: SME Cloud Market: Sales Value (in Million US$), 2017 & 2022
Figure 56: Latin America: SME Cloud Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 57: Brazil: SME Cloud Market: Sales Value (in Million US$), 2017 & 2022
Figure 58: Brazil: SME Cloud Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 59: Mexico: SME Cloud Market: Sales Value (in Million US$), 2017 & 2022
Figure 60: Mexico: SME Cloud Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 61: Others: SME Cloud Market: Sales Value (in Million US$), 2017 & 2022
Figure 62: Others: SME Cloud Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 63: Middle East and Africa: SME Cloud Market: Sales Value (in Million US$), 2017 & 2022
Figure 64: Middle East and Africa: SME Cloud Market: Breakup by Country (in %), 2022
Figure 65: Middle East and Africa: SME Cloud Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 66: Global: SME Cloud Industry: Drivers, Restraints, and Opportunities
Figure 67: Global: SME Cloud Industry: Value Chain Analysis
Figure 68: Global: SME Cloud Industry: Porter's Five Forces Analysis
Table 1: Global: SME Cloud Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: SME Cloud Market Forecast: Breakup by Service Model (in Million US$), 2023-2028
Table 3: Global: SME Cloud Market Forecast: Breakup by End User (in Million US$), 2023-2028
Table 4: Global: SME Cloud Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 5: Global: SME Cloud Market: Competitive Structure
Table 6: Global: SME Cloud Market: Key Players
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