Global IT Spending by SMBs 2016-2020 - New Market Study Published

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.

Full Report Details at
- http://www.fastmr.com/prod/1131040_global_it_spending_by_smbs.aspx?afid=301

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

Covered in this report
The 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

Technavio's report, Global IT Spending by SMBs 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The 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.

Key vendors

* Cisco Systems
* Dell
* HP
* IBM

Other prominent vendors

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

Market driver

* Cost reduction and efficiency
* For a full, detailed list, view our report

Market challenge

* Data privacy and security risks
* For a full, detailed list, view our report

Market trend

* Extensive use of cloud computing
* For a full, detailed list, view our report

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?

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