Story image

Research shows G Suite can’t be counted out yet

07 Nov 2018

G Suite technology services market reported a revenue generation of nearly US$214 million in 2017 and is expected to witness a 1.2x growth in 2018, according estimations by to Fact.MR.

Overall market growth is likely to be driven by:

  • Growing emphasis on the utilisation of business productivity tools

  • Small and medium organisations leveraging concise and affordable business solutions offered by Google Cloud

  • Ongoing cloud migration across industries

  • Identification of collaborative tools’ potential in increasing employee productivity

Apart from its cloud-first nature, the steadily rising adoption of G Suite technology services can be attributed to the ongoing industrial transformation in terms of digitalisation, cloud migration and implementation of cognitive AI solutions,” says a Fact.MR senior analyst.

“Demand for business productivity tools is set to rise in the coming decade on the back of increasing appetite of businesses for smarter and remunerative approaches. While larger organisations are already witnessing active utilisation of productivity tools, small and medium enterprises are likely to look for G Suite technology services that fit well in their tight budgets.”

According to a Fact.MR study, small and medium enterprises (SMEs) have been prominent end-users of the services.

In 2018, revenues from SMEs are likely to surpass US$190 million, whereas utilisation of G Suite technology in large enterprises is estimated to grow by 20% in 2018.

Fact.MR analysts add that among various services offered by G Suite technology, adoption of design and deployment services continues to register largest revenues.

Retail solutions offered by G Suite technology are gaining traction among businesses.

The retail industry is likely to register a bulk of demand and is expected to account for nearly US$36 million in 2018.

The study suggests that the G Suite technology is highly sought after by the education industry and around 80 million students across the globe are using the services.

In 2018, the education industry will hold nearly 13% of the global revenue.

The study opines that the media and advertising industry is expected to outsell the education and retail industries in terms of G Suite technology services revenues by 2028.

The G Suite technology services market is likely to grow at an impressive rate and register over 26% CAGR through 2028.

EXCLUSIVE: Forcepoint global channel chief talks strategy
As a solution sold 100% via the channel, cybersecurity solutions company Forcepoint places a strong emphasis on its partner relationships.
Gold Coast launches Australia’s largest city LoRaWAN network
The network is being made available for commercial use and the deployment of wide-ranging IoT applications.
Leopard Systems win dual Zebra Tech partner awards
Leopard Systems was recognised as Zebra’s highest performing APAC Partner Of The Year and APAC Service Partner Of The Year.
IDC: Semiconductor market declines after three years of growth
However, it says that semiconductor revenues will recover in 2020 and log a compound annual growth rate (CAGR) of 2.0% from 2018-2023.
D-Link hooks up with Alexa and Assistant with new smart camera
The new camera is designed for outdoor use within a wireless smart home network.
Virtustream launches new services for cloud applications
The new suite of professional and managed services expands Virtustream’s enterprise application and services solutions.
Secureworks Magic Quadrant Leader for Security Services
This is the 11th time Secureworks has been positioned as a Leader in the Gartner Magic Quadrant for Managed Security Services, Worldwide.
Datto expands A/NZ presence with Sydney office
This investment will enable Datto and its partners to continue to grow and address the IT needs of small and medium businesses (SMBs) in the region.