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Small Office Home Office (SOHO) Service Market Share

Report ID: GMI7901
Published Date: Jan 2024
Report Format: PDF

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Small Office Home Office Service Market Share

Microsoft Corporation and Google LLC hold a significant market share of around 12% in the small office home office (SOHO) service industry. Google emphasizes its cloud services, providing SOHOs, with scalable and flexible cloud computing solutions. Google Workspace (formerly G Suite) offers a suite of collaboration tools suitable for small businesses.

Microsoft Corporation’s suite of productivity tools is integrated with Azure cloud services, providing SOHOs with a comprehensive solution for collaboration, communication, and cloud computing. Also, Microsoft's suite of business applications, including Dynamics 365 Business Central, targets SOHOs, offering solutions for financials, sales, and customer service. These exclusive offerings help the company to maintain a high revenue share in the market.

Small Office Home Office Service Market Companies

Major companies operating in the small office home office (SOHO) Service industry are:

Cisco Systems Inc.
Dell Technologies
Dropbox
Google LLC
HP Inc.
Intuit Inc.
LegalZoom
Mailchimp
Microsoft Corporation
Netgear Inc.
QNAP Systems Inc.
Salesforce Inc.
STMicroelectronics
Western Digital Technologies Inc.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of small office home office service reached USD 21.1 billion in 2023 and is set to witness 7.5% CAGR from 2024 to 2032, owing to the burgeoning population of small businesses.

In 2023, the small business segment accounted for a market share of around 65%, driven by the establishment of broadband converged services for small firms.

North America market held a major share of over 35% in 2023, favored by the surge in entrepreneurship and the establishment of small businesses.

Cisco Systems Inc., Western Digital Technologies Inc., Dell Technologies, STMicroelectronics, Dropbox, Salesforce Inc., Google LLC, QNAP Systems Inc., HP Inc., Netgear Inc., Intuit Inc., Microsoft Corporation, LegalZoom and Mailchimp.