Cloud Virtual Private Networks (CVPNs) are expected to have a Compound Annual Growth Rate (CAGR) of 10.1 percent. That’s a total market value from USD 86.1 billion in 2021 to an estimated 139.4 billion by 2026! Although large corporations are part of the equation, trends show that small businesses are seeing strong growth in the adoption of cloud connectivity.
More and more SMEs (small and medium-sized enterprises) are turning to cloud-based managed services for a wide range of reasons. Especially during the COVID-19 pandemic, teamwork and cooperation are becoming absolutely essential in every organization, allowing workers to enhance their performance and communication in a virtual environment.
Cloud Connectivity for Small Businesses
Cloud-based services provide secure and reliable real-time interaction with tools that bring teams together no matter where they are in the world. Through virtual collaboration, employees can connect with each other through:
- Live chat
- Video conferencing
- Voice calls
- Screen sharing
- and so much more…
Cloud Connectivity Advantages for SMEs
Cloud connectivity powers services that have become an integral part of today’s businesses worldwide. This is a result of their extensive adaptability and accessibility both in the office and in remote work settings. This makes it so much more important for SMEs to take advantage of the benefits that cloud connectivity and the plethora of cloud services provide, including:
- Data protection
- High-speed connections
- Increased productivity
- Cost-effective solutions
- Less downtime
Working in the Cloud – During the COVID-19 Crisis and Beyond
During the COVID-19 crisis, businesses with 1 to 999 employees were some of the hit hardest organizations. Many of these SMEs addressed the COVID-19 lockdowns with immediate action. The solution for a majority of those who persevere was increased virtual collaboration.
As the world continues to navigate through these challenging times, cloud connectivity is becoming crucial for SMEs. Small businesses have fewer resources than larger businesses and require better strategies to deal with problems in order to save money.
Globally, as the number of SMEs grows, so does the demand for managed services connected through the cloud.
References:
- https://www.oecd.org/coronavirus/policy-responses/one-year-of-sme-and-entrepreneurship-policy-responses-to-covid-19-lessons-learned-to-build-back-better-9a230220/
- https://www.bloomberg.com/press-releases/2021-12-29/global-cloud-managed-services-market-key-players-covid-19-impact-analysis-and-size-is-expected-to-grow-usd-139-4-billion-by
- https://www.researchandmarkets.com/reports/5337032/cloud-virtual-private-network-market-research?utm_source=GNOM&utm_medium=PressRelease&utm_code=73lj7j&utm_campaign=1638151+-+Global+Cloud+Virtual+Private+Network+Market+Research+Report+(2021+to+2026)+-+by+Component%2c+Connectivity+Type%2c+Organization+Size%2c+End-user+and+Region&utm_exec=jamu273prd
- https://www.forbes.com/sites/louiscolumbus/2020/08/02/32-of-it-budgets-will-be-dedicated-to-the-cloud-by-2021/?sh=5d8ff8715fe3
