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Despite ongoing concerns over security, smaller companies are investing in a wider array of cloud-hosted business applications according to an annual study conducted by cloud enablement technology provider.
This latest research, predicts that the overall small and midsize business (SMB) cloud market in the United States will reach $32 billion by the beginning of 2016, representing a 19 percent year-over-year growth rate from $18.9 billion early last year.
For perspective, the overall global market by 2016 is predicted to reach $125 billion.
The survey reflects the opinions of 600 SMBs interviewed by the technology company during 2013. For the purposes of this study, researcher defines a micro SMB as an organization with fewer than 20 employees; a small SMB ranges up to 100 employees. The data also reflects the opinions of midsize companies with 100 to 999 employees.
In mature markets such as the United States, SMBs use an average of five…
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