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.
The IT services segment dominated the market.
IT spending in the public sector segment is expected to expand impressively during the next few years. Spending on IT in the public sector involves enhancing public services such as healthcare, education, and transportation. An increased IT budget helps enhance business operations and reduce costs. Public sector IT spending in the Americas, EMEA, and Asia-Pacific (APAC) is on the rise because the US, the UK, India, Japan, China, and Singapore are significantly investing in this sector.
The Americas accounted for the largest market share of IT spending in SMBs among all geographies. North American banks are investing heavily in technology to improve the performance of retail banking services. This has contributed to the growth of the market in this region.
In 2018, the global SMBs IT Spending market size was xx million US$ and it is expected to reach xx million US$ by the end of 2025, with a CAGR of xx% during 2019-2025.
This report focuses on the global SMBs IT Spending status, future forecast, growth opportunity, key market and key players. The study objectives are to present the SMBs IT Spending development in United States, Europe and China.
The key players covered in this study
IBM
Oracle
Dell EMC
HP
Microsoft
Cisco Systems
Fujitsu
Toshiba
Amdocs
SAP
TCS
Market segment by Type, the product can be split into
Software
Hardware
IT Services
Market segment by Application, split into
Public Sector
BFSI
Telecom and Media
Retail/Wholesale
Other
Market segment by Regions/Countries, this report covers
United States
Europe
China
Japan
Southeast Asia
India
Central & South America
The study objectives of this report are:
To analyze global SMBs IT Spending status, future forecast, growth opportunity, key market and key players.
To present the SMBs IT Spending development in United States, Europe and China.
To strategically profile the key players and comprehensively analyze their development plan and strategies.
To define, describe and forecast the market by product type, market and key regions.
In this study, the years considered to estimate the market size of SMBs IT Spending are as follows:
History Year: 2014-2018
Base Year: 2018
Estimated Year: 2019
Forecast Year 2019 to 2025
For the data information by region, company, type and application, 2018 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.
Summary:
Get latest Market Research Reports on SMBs IT Spending . Industry analysis & Market Report on SMBs IT Spending is a syndicated market report, published as Global SMBs IT Spending Market Size, Status and Forecast 2019-2025. It is complete Research Study and Industry Analysis of SMBs IT Spending market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.