Global Small and Medium Businesses (SMBs) Software market



One can observe from several market reports that, the demand for integrated business application suites (such as customer relationship management (CRM) and enterprise resource planning (ERP), and BI suites such as Hadoop, NoSQL, and MongoDB) is rising among SMBs.

 
Awesome momentum that focuses on cloud-based solutions and open-source software. Respectively, open-source software is easily available and easy to install on enterprise computing systems; and cloud-based solutions reduce costs and increase performance, productivity and flexibility.

According to Technavio, the global SMB software market is expected to reach USD 181 billion by 2020, growing at a CAGR of over 6%. 

Epicor Software, Infor, Microsoft, NetSuite, Oracle, and SAP are among key vendors in the SaaS ERP market.