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Cloud computing is an essential component of today’s digital landscape. IT infrastructure, platforms and software are more likely to be delivered today as a service (hence the acronyms IaaS, PaaS and SaaS, respectively) than in a traditional on-premises configuration. And this appeals to small and medium-sized businesses (SMBs) more than most.
Cloud provides an opportunity to level the playing field with bigger rivals, enabling greater business agility and rapid scale without breaking the bank. That may be why 53% of global SMBs surveyed in a recent report say they’re spending over $1.2m annually on the cloud; up from 38% last year.
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