This market research report includes a detailed segmentation of the global IT spending by SMBs by software (application and infrastructure software), by hardware (networking equipment, servers, and storage), and by IT services (system integration services, hardware support services, and consulting services). It outlines the market shares for key regions such as the Americas, APAC, and EMEA. The key vendors analyzed in this report are Cisco, Dell, HP, and IBM.
Technavio’s market research analysts estimate the global IT spending by SMBs, to grow at a CAGR of arounds 6% between 2016 and 2020. To minimize costs, SMBs are deploying low-cost IT solutions such as cloud computing that are flexible, scalable, and reliable. The virtualization of IT aimed at minimizing both CAPEX and OPEX of SMBs is expected to emerge as the next big thing in the IT industry over the next four years. Desktop virtualization provide SMBs with a cost-effective and powerful desktop alternative that ensures security, performance, and manageability of operations. North America occupies the highest share in the market, as the banks in this region are investing heavily in technology to improve the performance of retail banking services.
The new market research report from Technavio provides a breakdown and analysis of the IT spending by SMBs segments by technology.
“One of the latest trends being witnessed in the global IT spending market by SMBs is the implementation of bring your own device (BYOD) policies. These policies minimise costs and provide flexibility to employees to use their own smart devices, such as smartphones, tablets, and laptops. They reduces CAPEX by reducing IT budgets for procuring smart devices. Moreover, BYOD offers several benefits such as increased collaboration, higher productivity, and better access to company resources,” says Amit Sharma, Lead Analyst, ICT, Technavio Research
Currently, the IT services segment dominates the market with a share of close to 45%. SMB firms are selecting IT-as-a-service deployment model such as SaaS, IaaS, and PaaS to implement on-demand, flexible, scalable, and agile IT solutions. With the upsurge of cloud computing services, organizations are set to invest in cloud-based solutions as per their IT budget.
The leading vendors in the global IT spending by SMBs are Cisco, Dell, HP, and IBM. SMBs are increasingly adopting modern technology solutions to cater to the current business needs of their clients. They prefer enterprise storage vendors and managed service providers for the delivery of quality products that are scalable and cost effective. The competition among the foreign firms and local firms are also expected to increase during the forecast period. The competition in the IT market for SMBs is mainly in terms of price; support services like training, quality, reliability and brand, and offerings portfolio.
A more detailed analysis is available in the Technavio report, Global IT Spending by SMBs 2016-2020
We can customize reports by other regions and specific segments upon request.
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