Fact.MR Study Reveals SMEs Held 71% Share of G Suite Technology Market in 2017
Verfasser: ashwani_kailiya on Tuesday, 6 November 2018G Suite technology services market reported a revenue generation of nearly US$ 214 Mn in 2017 and is expected to witness a 1.2x growth in 2018, according to Fact.MR estimations. Overall market growth is likely to be driven by,
- Growing emphasis on the utilization of business productivity tools
- Small and medium organizations leveraging concise and affordable business solutions offered by Google Cloud
- Ongoing cloud migration across industries
- Identification of collaborative tools’ potential in increasing employee productivity
Apart from its cloud-first nature, Fact.MR says that steadily rising adoption of G Suite technology services can be attributed to the ongoing industrial transformation in terms of digitalization, cloud migration and implementation of cognitive AI solutions.
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“Demand for business productivity tools is set to rise in the coming decade on the back of increasing appetite of businesses for smarter and remunerative approaches. While larger organizations are already witnessing active utilization of productivity tools, small and medium enterprises are likely to look for G Suite technology services that fit well in their tight budgets”, says a senior analyst at Fact.MR.