The global Small and Medium Business (SMB) market is forecasted to grow by a stunning USD 57.76 Bn during 2022-2027, with a CAGR of 7.41% during the forecast period. This thriving market trend is driven by a rising demand for cloud-based applications, the need to optimize business operations, and the growing popularity of remote working conditions.
The SMB Software market has been rigorously analyzed in the Reportlinker report titled “Global SMB Software Market 2023-2027”. It covers every aspect of this market, providing a complete analysis of around twenty-five vendors, highlighting the growth drivers and challenges, and featuring a detailed vendor analysis. Based on the deployment, the market is divided into on-premise and cloud solutions, while the application is divided into media, telecommunication, consultants, and law firms. The geographical analysis includes North America, Europe, Asia-Pacific, South America, and the Middle East & Africa.
The analyst has identified the growing presence of mergers and acquisitions, partnerships, and collaborations as an important factor fueling SMB Software Market during the next few years. Furthermore, the increasing integration of AI-driven solutions and growing adoption of advanced technologies are projected to bring higher revenues and sizable demand in this market.
The report cites Accenture, Acumatica, Alfresco Software, Cisco Systems, Epicor Software, IFS World Operations, Infor, IBM, Microsoft, Newgen Software Technologies, Open Text, Roper Technologies, Sage Group, SAP, SYSPRO, TOTVS, Unit4 Group Holding, Workday, Xero and Oracle as some of the key vendors of the SMB Software Market. The market analysis conducted by ReportLinker included extensive primary and secondary research, enabling the report to identify updated trends and drivers, and analyze the overall market environment.
The ReportLinker report also provides a detailed picture of the market by the way of extensive study, synthesis, and summation of data from multiple sources. It includes an up-to-date analysis of the current market scenario, emerging trends, and the summary of key vendors, offering clients valuable insights to strategize and leverage all upcoming growth opportunities.
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Accenture is a leading global professional services company, providing a broad range of services in strategy and consulting, interactive, technology and operations, with digital capabilities across all of these services. In 2020, it announced the acquisition of MagmaLabs, a software development company, with a focus on DevOps, cloud, and agile software development.
IEssso, analyzed by the ReportLinker report, is one of the leading providers of innovative enterprise solutions for businesses. It offers a unified platform for business processes automation and provides integrated solutions for ERP, CRM, analytics, BI and Big Data, enterprise security, and IoT.
