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2020 World IT Spending by SMBs Industry by Market Size, Trends, Drivers and Growth Opportunities Analysis and Forecasts 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
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Key vendors
- Cisco Systems
- Dell
- HP
- IBM
The market is divided into the following segments based on geography:
- Americas
- APAC
- EMEA
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.
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.
