Cloud technology is becoming more critical than ever. Companies like JFrog are keeping up with this trend by providing development tools that make strong cloud architecture and effective cloud management possible. Businesses worldwide are expected to spend over $947 billion on cloud computing services by 2026. This constitutes a 16.3% growth rate over the next six years. The growth rate of the cloud computing sector could be even higher as more businesses shift resources online in a post-pandemic economy. 

While corporations account for a large share of the cloud computing market, small and medium-sized enterprises (SMEs) are also driving a large share of the market growth. The truth is that there are many significant benefits of using cloud technology, even if you are a smaller business. 

Some of the top benefits of cloud computing for SMEs are listed below. 

Cost reduction benefits

Small businesses have to be as cost-effective as possible. There are many expenses involved in running an organization. So, you have to find ways to keep costs as low as possible.

Cloud technology helps reduce the cost structure of your operations. Some other reasons that cloud technology allows companies to save money include:

• You minimize the need to invest in more computer hardware and software technology. In addition, you can leverage the cloud provider's infrastructure you are working with instead of storing everything on your own servers.

• You don't need to invest nearly as much in maintenance and labor. You will be able to upload resources and access them much more easily, which reduces the man hours involved. 

• You can still use your data capabilities more easily without running into challenges. This minimizes labor costs since you don't have to deal with frustrating troubleshooting issues.

There is no question that Klout technology helps companies save money. Any business that stores a significant amount of data on the cloud should give it some serious consideration.

Improving security

Cybersecurity is becoming more important than ever. However, the State of Cybersecurity Report found that 45% of small and medium-sized businesses worldwide felt that their processes were not effective at preventing attacks. They are coming to terms with these challenges and recognizing that they will have to invest in better, more optimal solutions. 

Cloud technology has improved data security for many businesses. The right cloud networks have many security measures to prevent unwarranted access to keep hackers at bay.

Minimize downtime

Network downtime is a severe problem for small businesses. One study found that one hour of network downtime costs the average business over $10,000. These costs are due to brand reputation problems, reduced sales, client complaints and a host of other issues.

Cloud technology reduces these costs by reducing network downtime. Cloud providers make sure that your content is online a much higher percentage of the time.

Improve remote working capabilities

More companies are shifting to remote working models than ever. They were already starting to explore these benefits before the pandemic started. However, the pandemic has made working from home an even more attractive option for many employers.

However, a work from home model is only sustainable for companies with the proper infrastructure to support them. You need to make sure that all of your employees have convenient access to all of your organizational content. You must also provide dependable communication opportunities for them.

Cloud technology has made this much more feasible. You can ensure that all of your employees have access to organizational content whenever they need it, as long as it is stored on the cloud. You should also invest in cloud VoIP services that make it easier for your employees to communicate with each other.

Provide automated services to customers

Companies need to look for new, automated approaches to operating their businesses. Automation can drastically minimize headaches and labor costs.

Entire business models have been built on automated service delivery. Subscription models and the automatic delivery of digital products are examples of business models and practices relying on automation.

Cloud technology has made these processes possible. As a result, a growing number of companies are turning to the cloud to streamline service delivery.

Scalability

Growing businesses need to scale their data and digital resources. But, unfortunately, they can often encounter frustrating and costly bottlenecks when depending entirely on their servers.

Cloud technology has drastically improved scalability. Cloud companies have made it easier for small and medium-sized businesses to manage their growth as they need more digital resources and data storage requirements.