IT Spending by SMBs Industry to Grow at 5.91% CAGR to 2020

The analysts forecast Global IT spending by SMBs to grow at a CAGR of 5.91% during the period 2016-2020.

SMBs drive national economies by increasing employment and contributing to GDP growth. The economic development of a country heavily depends on the success ratio of SMBs in the country. SMBs use technology to accelerate their performance and enhance productivity. These entities are heavily investing in technology to automate routine tasks, improve quality, enhance customer service, raise profitability, establish effective communications, and speed up time-to-market.

The IT requirements of SMBs differ from large enterprises, as the former have limited IT budgets. Small-sized firms seek IT solutions that can help them grow by implementing IT in their business models for long-term sustainable growth. In the last five years, the priorities of SMBs have been redefined with the growing awareness of the benefits of using IT in business (in terms of top line and bottom line). A sharp focus on server and storage virtualization technologies, mobility, big data analytics, business intelligence (BI), cloud computing, next-gen workspace, and collaboration technologies has shaped these priorities. Medium-sized businesses are investing in IT to gain a stronger financial position in the business cycle.

Covered in this report

This report covers the present scenario and the growth prospects of the global IT spending by SMBs for 2016-2020. To calculate the market size, the report considers the revenue generated from the following segments:

  • Hardware
  • Software
  • IT services

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA

The report, Global IT Spending by SMBs 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. This report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

For more Information on the report, inquire at .

Key vendors

  • Cisco Systems
  • Dell
  • HP
  • IBM

Other prominent vendors

  • Amdocs
  • Fujitsu
  • Lenovo
  • Microsoft
  • Oracle
  • SAP
  • TCS
  • Toshiba

Purchase a copy of the report at .

Market driver

  • Cost reduction and efficiency

Market challenge

  • Data privacy and security risks

Market trend

  • Extensive use of cloud computing

Key questions answered in this report

  • What will the market size be in 2020 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?

Inquire for Discount at .

About US: is an online market research store for research reports on multiple industries. These reports provide market analysis, trends and opportunities and forecast about industries that helps to make a right decision for the business.