In 2021, about **** million small business firms with employees were counted in the United States. That same year, there were around ** million non-employer small businesses.

In the second quarter of 2024, 61 percent of surveyed small business owners indicated that the health of their business was in good shape. A further 24 percent of respondents said the health of their business was about average. At the end of 2019, small businesses in "very good" health peaked at 43 percent. By the end of 2020, this number fell to 25 percent in the wake of the COVID-19 pandemic.

These small business statistics will tell you everything you need to know about the growth of business and where it’s going in the future.

According to a new study, women started 49% of new businesses in the United States in 2021. This is way up from 28% in 2019.

During a April 2022 survey, 21.6 percent of surveyed small businesses in the United States claimed that the COVID-19 pandemic had a large negative effect on business. In comparison, only 1.7 percent of respondents said that the pandemic had a large positive effect on their business.

About 1.5 million jobs are created in the US every year by small businesses alone. This means that 64% of all job creation comes from small businesses.

The number of small and medium-sized enterprises in the United States was forecast to continuously decrease between 2024 and 2029 by in total 6.7 thousand enterprises (-2.24 percent). After the fourteenth consecutive decreasing year, the number is estimated to reach 291.94 thousand enterprises and therefore a new minimum in 2029. According to the OECD an enterprise is defined as the smallest combination of legal units, which is an organisational unit producing services or goods, that benefits from a degree of autonomy with regards to the allocation of resources and decision making. Shown here are small and medium-sized enterprises, which are defined as companies with 1-249 employees.The shown data are an excerpt of Statista's Key Market Indicators (KMI). The KMI are a collection of primary and secondary indicators on the macro-economic, demographic and technological environment in more than 150 countries and regions worldwide. All input data are sourced from international institutions, national statistical offices, and trade associations. All data has been are processed to generate comparable datasets (see supplementary notes under details for more information).

In 2022, about ***** million small businesses in the professional, scientific, and technical services industry had no employees. A further ******* small business had one to 19 employees in the same industry.

The below table shows a complete breakdown of employer businesses owned by minorities.

The following small business statistics broken down by industry to help you understand the small business landscape better.

During a survey on small businesses in the U.S. in August 2024, about 21 percent of the respondents stated that the most important problem for small businesses was quality of labor. Additionally, around 24 percent of survey participants said that inflation was the most important problem for their business, a slight increase from August 2023, when inflation was the biggest concern for 23 percent of businesses.

During a 2021 survey carried out among small businesses in the United States, 45 percent of respondents stated that they paid for digital advertising. The average spending amounted to 534 U.S. dollars monthly, and 93 percent were planning to keep or increase it over the following 12 months.

Nonemployer Statistics is an annual series that provides statistics on U.S. businesses with no paid employees or payroll, are subject to federal income taxes, and have receipts of $1,000 or more ($1 or more for the Construction sector). This program is authorized by the United States Code, Titles 13 and 26. Also, the collection provides data for approximately 450 North American Industry Classification System (NAICS) industries at the national, state, county, metropolitan statistical area, and combined statistical area geography levels. The majority of NAICS industries are included with some exceptions as follows: crop and animal production; investment funds, trusts, and other financial vehicles; management of companies and enterprises; and public administration. Data are also presented by Legal Form of Organization (LFO) (U.S. and state only) as filed with the Internal Revenue Service (IRS). Most nonemployers are self-employed individuals operating unincorporated businesses (known as sole proprietorships), which may or may not be the owner's principal source of income. Nonemployers Statistics features nonemployers in several arts-related industries and occupations, including the following: Arts, entertainment, and recreation (NAICS Code 71) Performing arts companies Spectator sports Promoters of performing arts, sports, and similar events Independent artists, writers, and performers Museums, historical sites, and similar institutions Amusement parks and arcades Professional, scientific, and technical services (NAICS Code 54) Architectural services Landscape architectural services Photographic services Retail trade (NAICS Code 44-45) Sporting goods, hobby, and musical instrument stores Sewing, needlework, and piece goods stores Book stores Art dealers Nonemployer Statistics data originate from statistical information obtained through business income tax records that the Internal Revenue Service (IRS) provides to the Census Bureau. The data are processed through various automated and analytical review to eliminate employers from the tabulation, correct and complete data items, remove anomalies, and validate geography coding and industry classification. Prior to publication, the noise infusion method is applied to protect individual businesses from disclosure. Noise infusion was first applied to Nonemployer Statistics in 2005. Prior to 2005, data were suppressed using the complementary cell suppression method. For more information on the coverage and methods used in Nonemployer Statistics, refer to NES Methodology. The majority of all business establishments in the United States are nonemployers, yet these firms average less than 4 percent of all sales and receipts nationally. Due to their small economic impact, these firms are excluded from most other Census Bureau business statistics (the primary exception being the Survey of Business Owners). The Nonemployers Statistics series is the primary resource available to study the scope and activities of nonemployers at a detailed geographic level. For complementary statistics on the firms that do have paid employees, refer to the County Business Patterns. Additional sources of data on small businesses include the Economic Census, and the Statistics of U.S. Businesses. The annual Nonemployer Statistics data are available approximately 18 months after each reference year. Data for years since 2002 are published via comma-delimited format (csv) for spreadsheet or database use, and in the American FactFinder (AFF). For help accessing the data, please refer to the Data User Guide.

Graph and download economic data for Percent of Value of Loans, Small Business Administration (SBA) Backed for All Commercial and Industry Loans, Moderate Risk, Large Domestic Banks (DISCONTINUED) (EBAMXSLNQ) from Q3 2012 to Q2 2017 about moderate risk, SBA, large, commercial, domestic, percent, loans, banks, depository institutions, industry, and USA.

Small Business Phone Systems Market Outlook

The global market size for small business phone systems was valued at approximately USD 5.2 billion in 2023 and is projected to reach around USD 9.8 billion by 2032, reflecting a compound annual growth rate (CAGR) of 7.2% during the forecast period. Several growth factors are driving this market, including technological advancements, the increasing need for seamless communication in small to medium-sized enterprises (SMEs), and the growing adoption of cloud-based solutions.

One of the primary growth factors driving the small business phone systems market is the increasing digital transformation initiatives across various industries. Small businesses are increasingly adopting advanced communication tools to streamline operations, enhance customer service, and improve collaboration among employees. These systems offer features such as voicemail, call forwarding, conferencing, and integration with customer relationship management (CRM) software, making them essential for modern business operations. Additionally, the rise in remote working trends has further propelled the demand for efficient and versatile phone systems that support a distributed workforce.

Another significant factor contributing to the market's growth is the cost-efficiency and scalability of modern phone systems. VoIP (Voice over Internet Protocol) and cloud-based phone systems, in particular, are becoming popular among small businesses due to their lower installation and maintenance costs compared to traditional phone systems. These systems also offer the flexibility to scale operations up or down based on business needs, making them ideal for growing enterprises. Moreover, the integration of advanced features such as artificial intelligence (AI) for automated customer service and analytics is enhancing the functionality and value proposition of these systems.

The increasing importance of customer experience and engagement is also fostering the adoption of advanced phone systems among small businesses. In competitive markets, providing excellent customer service can be a key differentiator, and modern phone systems enable businesses to manage customer interactions more effectively. Features like call routing, automated attendants, and real-time analytics help businesses respond to customer inquiries promptly and efficiently. Furthermore, the ability to integrate phone systems with other business applications, such as CRM and help desk software, allows for a more holistic approach to customer management.

From a regional perspective, North America holds a significant share of the small business phone systems market, driven by high adoption rates of advanced communication technologies and a strong presence of key market players. However, the Asia Pacific region is expected to witness the highest growth rate during the forecast period. This growth can be attributed to the increasing number of small and medium-sized enterprises in countries like China and India, coupled with rising investments in IT infrastructure and digital technologies. Additionally, government initiatives to promote digitalization and support small businesses are likely to further boost market growth in this region.

As small businesses continue to embrace digital transformation, the role of Business Phone Number Apps becomes increasingly significant. These apps provide businesses with the flexibility to manage communication on the go, allowing employees to stay connected with clients and colleagues from anywhere. Business Phone Number Apps often integrate seamlessly with existing phone systems, offering features such as call forwarding, voicemail, and messaging, which are essential for maintaining professional communication standards. Additionally, these apps can be particularly beneficial for remote teams, as they enable consistent communication without the need for physical office infrastructure. By leveraging Business Phone Number Apps, small businesses can enhance their operational efficiency, improve customer service, and adapt to the evolving demands of the modern workplace.

Product Type Analysis

The small business phone systems market is segmented by product type into VoIP Phone Systems, PBX Phone Systems, Key System Units, and Hybrid Phone Systems. VoIP Phone Systems are rapidly gaining popularity due to their cost-effectiveness and advanced features. These systems use the internet to transmit voice calls, eliminating the need for traditional phone line

U.S. Small Business Loan Market size was valued at USD 30,833.44 Million in 2023 and is projected to reach USD 56,135.67 Million by 2031, growing at a CAGR of 8.94% during the forecast period 2024-2031.The U.S. Small Business Loan Executive SummaryA small business loan is a form of financing offered to small businesses by banks, credit unions, or alternative lenders for a variety of uses, including beginning a new business, growing an existing one, buying inventory or equipment, paying for operating costs, or fulfilling other financial requirements. These loans often have terms and circumstances that are different from those of loans provided to larger firms, and they are designed specifically to meet the needs of small enterprises. There are several methods to organize small business loans: SBA (Small Business Administration) loans, invoice financing, term loans, credit lines, equipment financing, and more. The borrower's creditworthiness, the lender's policies, and the loan's intended use are some of the variables that affect the conditions of the loan, including interest rates, payback schedules, and collateral requirements. These loans are essential in helping small business owners and entrepreneurs launch, grow, and maintain their enterprises, which promotes economic growth and employment generation. But getting a small company loan frequently calls for thorough preparation, supporting documentation, and a strong business plan that demonstrates the borrower's capacity to pay back the loan.The growing need for U.S. Small Business Loan Market is driven by several factors, including the increasing number of start-ups and small businesses, availability of a variety of loan options tailored to meet the unique needs of small businesses, technological advancements in financial services, and changing consumer behavior. The United States has a supportive ecosystem for small businesses, with resources such as business incubators, accelerators, mentorship programs, and networking opportunities. These resources provide guidance, funding, and support services to aspiring entrepreneurs, helping them navigate the complexities of starting and growing a business. Thus, the number of small businesses is continuously growing in the United States. However, high interest rates act as a significant constraint on the growth of U.S. Small Business Loan Market. Businesses can be discouraged from taking out loans, leading to reduced borrowing activity and slower market growth.

One of the cool things about most small business owners is that they come from all different demographics and backgrounds.

27% of the entire small business workforce had to be laid off or furloughed in 2020 due to the COVID-19 pandemic.

Small Business eCommerce Software Market Outlook

The global Small Business eCommerce Software market is poised for notable growth, with the market size expected to expand from USD 5.3 billion in 2023 to an impressive USD 12.4 billion by 2032, witnessing a robust CAGR of 9.8% during the forecast period. This significant growth trajectory can be attributed to the increasing digitalization of businesses, the rising trend of online shopping, and the demand for seamless and integrated eCommerce solutions tailored for small enterprises. As more small businesses realize the potential of eCommerce in reaching broader markets and optimizing operations, the adoption of specialized eCommerce software is anticipated to bolster.

The rise of global connectivity and smartphone penetration has transformed the traditional shopping landscape, making eCommerce an essential tool for small businesses seeking growth and survival in competitive markets. Small businesses are increasingly adopting eCommerce software to streamline operations, manage inventories effectively, and enhance customer experiences through personalized services. Additionally, the enhanced capabilities of eCommerce software, such as AI-driven analytics for consumer behavior insights and automated marketing tools, are major growth drivers, enabling small businesses to compete with larger enterprises by offering agility and personalized customer engagement.

Another significant growth factor in the small business eCommerce software market is the evolving consumer preferences towards online shopping, fueled further by the global pandemic that accelerated digital adoption. Consumers now demand convenience, quick service, and personalized shopping experiences, all of which can be facilitated by efficient eCommerce platforms. Small businesses are thus compelled to invest in eCommerce software to meet these consumer expectations and retain their market share. Furthermore, government initiatives across various countries to support small businesses in digital transformation, along with favorable policies for online business operations, are expected to drive the market growth.

The increasing availability of cloud-based solutions has made it easier and more cost-effective for small businesses to deploy eCommerce software. Cloud-based platforms offer scalability, flexibility, and reduced IT infrastructure costs, which are critical for small businesses operating on limited budgets. The shift towards cloud-based solutions allows small businesses to access advanced eCommerce functionalities without substantial upfront investments, enabling them to maintain competitive pricing and enhance operational efficiencies. This development has played a pivotal role in the proliferation of eCommerce solutions adoption among small enterprises globally.

In the realm of eCommerce, Shopify Designer Services have emerged as a crucial component for small businesses aiming to create a distinctive online presence. These services offer tailored design solutions that enhance the visual appeal and functionality of eCommerce platforms, allowing businesses to stand out in a crowded digital marketplace. By leveraging the expertise of Shopify designers, small enterprises can ensure their online stores are not only aesthetically pleasing but also optimized for user experience and conversion rates. This personalized approach to eCommerce design is particularly beneficial for businesses that lack in-house design capabilities, enabling them to compete effectively with larger counterparts. As the demand for unique and engaging online shopping experiences grows, the role of Shopify Designer Services in shaping the digital storefronts of small businesses is becoming increasingly significant.

Regionally, North America and Europe are at the forefront of adopting small business eCommerce software, driven by advanced digital infrastructure and high internet penetration. However, the Asia Pacific region is expected to witness the fastest growth during the forecast period, with a CAGR surpassing that of other regions. The burgeoning middle-class population, increasing smartphone usage, and rising disposable incomes are propelling the demand for online shopping in countries like China and India, thereby creating substantial opportunities for small business eCommerce software providers. Furthermore, the rise of digital payment systems and government-backed initiatives to support small and medium enterprises (SMEs) in their digital endeavors are likely to further augment market growth in the region.

This statistic shows the percentage of change in the number of small businesses operating in the United States from 2002 to 2012, broken down by the owner's gender. Between 2007 and 2012, the number of women-owned small businesses increased by **** percent.