Cloud Services Found Fit for Major Business Strategies

A study by IDC reveals that ICT sector will generate $ 5 trillion in revenue by 2020. This clearly indicates that the industry would be about $ 1. 7 trillion greater than, what we see it today. Cloud computing, Big Data analytics and social technologies today represent over 15 percent of the IT spending worldwide. Research analysts at Allied Market Research (AMR) say that they would expand 6 times faster when compared to any traditional information technology. Moreover, they would represent over 75 percent of the industry by 2020. At present Cloud represent a structural transformation and new platform say AMR researchers analysing it’s growth rate, market share and size, opportunities, trends and adoption rate among others 

Popular Cloud Services for SMEs 

Cloud has definitely a boon to business of all sizes – mainly small businesses. It hits a sweet spot for small ventures. Small businesses are likely to rely on SaaS services. For such ventures SaaS offers an efficient way of delivering technical solutions and host of software. This otherwise would become a costly affair and unmanageable as on –premise or local solutions. First in the row is OfficeTime at $47 MSRP. Its capability to record the billable hours and produce report and invoices based on them comes to an owners rescue. Second in the list is Sage One at a proud $29 MSRP. This business service solution based on cloud serves micro as well as small businesses.  It provides services such as invoicing, expense management, project tracking etc. Another company Adobe offers solutions for $0-$11.99 per month. The company provides an effective way to built user –interactive forms mainly for business site and social media pages. However, the real value of the service lies in the data analytics tool. Other companies serving small business include DocuSign Pro, Office 365, Adobe Connect and Mindomo 5 Premium.

Industries Benefiting From Cloud Services 

Undoubtedly, cloud services are here to stay long. Researchers at AMR say that more and more business verticals are joining this virtual world. Cloud computing in the education sector has paved new avenues for better collaboration, discussions as well as research. In addition, it has helped classes to operate from remote locations. Apart from this cloud has pushed the marketing industry to a new level. Now sellers have an access to a marketplace without purchasing an extra hardware, licences etc. On the other hand consumers also have more choices for products. Cloud – based entertained has now reached various devices such as set top box, mobile phones, televisions and others. Its capability to ensure paramount sound quality and clarity has lured more customers. There has been a dramatic shift in the healthcare sector due to the advent of cloud services. An efficient data management makes the fitness and wellness sector a perfect end –user of cloud computing. Both medical practitioners and patients can now have an easy access to care management advice, medical images and reports through this technology.  

Best Nations for Cloud Services 

A study, by BSA-The Software Alliance has explored the biggest cloud services market. The industry group has ranked the countries based on their initiatives to ensure data privacy, prevent cyber crime, safeguard intellectual property and industry driven standards among other factors. The top – ranked nations in terms of cloud computing environment are Japan, United States, Australia, United Kingdom, Singapore, France, Germany, South Korea, Italy and Canada .The study clearly indicates that the biggest mover in terms of ranking was Singapore that rose to fifth place from being tenth a year ago. 

Eyeing the major developments in the cloud services sector, Allied Market Research has published a report titled “World Cloud Services Market - Opportunities and Forecasts, 2013 – 2020.” Exclusive coverage of industry trend and growing investment pockets forms an important part of the report. Stakeholders looking for competitive analysis to take smarter decisions and formulate effective strategies will find the report worth their time and investment. Critical imperatives such as key drivers, restraints, opportunities, potency of the end users, competitive landscape and regions –wise business performance are thoroughly studied during the research. Major regions covered during the market study consist of North America, Europe, Asia-Pacific and Latin America Middle East as well as Africa. 

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