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Small businesses who embrace the cloud achieve 25 percent additional revenue growth compared to cloud skeptics and more than double their profits, according to research from Exact and Pb7 Research.

  • Security is the primary reason U.S. small businesses choose to implement online business software, followed by hopes to reduce technology costs, lower maintenance requirements and gain easy mobile access to critical business information.
  • However, those who use cloud software have found ease-of-use, enhanced ability to find and share information and increased productivity as the top benefits actually experienced.
  • Cloud is no longer just for large enterprises

Read more here on the survey on how cloud usage among small businesses is exploding thanks to the tangible business value it has been proven to deliver

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The worldwide public cloud computing market is expected to reach nearly $70 billion this year, according to research firm International Data Corp. (IDC).

With the the top five verticals being:

  • discrete manufacturing
  • banking
  • professional services
  • process manufacturing
  • retail

accounting for about 45% of total spending in the market.

Read more about it in the posting by ThoughtsonCloud