Home Most Small Businesses to Increase Spending on the Cloud

Most Small Businesses to Increase Spending on the Cloud

We’ve discussed previously how valuable cloud computing can be to small businesses, especially in terms of cost savings and efficiency, two hugely important factors for smaller operations.

Appropriately, a large majority of small and medium-sized businesses are looking to invest more in cloud services this year. Seventy-four percent of SMBs plan on spending more on it, according to a survey conducted by Egnyte, a provider of cloud-based file server solutions.

Whether out of geographic necessity or simply to keep costs down, many businesses are embracing remote working as a ¬viable alternative to the five-days-a-week, in-the-office work paradigm of yesteryear. More than half (52%) of SMBs are planning on spending more on collaboration software this year, according to the Egnyte survey.

Like many statistics we’ve been seeing lately, these numbers point to an emerging reality for small businesses where distributed teams and cloud-based software play an increasingly pivotal role.

To what extent has your company embraced remote working and cloud-based productivity software? Let us know in the comments.

About ReadWrite’s Editorial Process

The ReadWrite Editorial policy involves closely monitoring the tech industry for major developments, new product launches, AI breakthroughs, video game releases and other newsworthy events. Editors assign relevant stories to staff writers or freelance contributors with expertise in each particular topic area. Before publication, articles go through a rigorous round of editing for accuracy, clarity, and to ensure adherence to ReadWrite's style guidelines.

Get the biggest tech headlines of the day delivered to your inbox

    By signing up, you agree to our Terms and Privacy Policy. Unsubscribe anytime.

    Tech News

    Explore the latest in tech with our Tech News. We cut through the noise for concise, relevant updates, keeping you informed about the rapidly evolving tech landscape with curated content that separates signal from noise.

    In-Depth Tech Stories

    Explore tech impact in In-Depth Stories. Narrative data journalism offers comprehensive analyses, revealing stories behind data. Understand industry trends for a deeper perspective on tech's intricate relationships with society.

    Expert Reviews

    Empower decisions with Expert Reviews, merging industry expertise and insightful analysis. Delve into tech intricacies, get the best deals, and stay ahead with our trustworthy guide to navigating the ever-changing tech market.