Worldwide SMB IT Spending Update by Technology and Region, 2015–2017
This IDC Insight examines the global small and medium-sized business (SMB) market for advanced technology products and services. Total IT spending is presented for 2016–2017, along with the baseline year of 2015. Detail on spending totals is provided for hardware, software, IT services, and business services. Additional technology detail, country detail, and forecasts through 2020 are available through IDC's SMB Spending Guide, which is scheduled for introduction in October 2016.Worldwide SMB IT spending continues to grow beyond the half-trillion-dollar threshold at roughly 1–2 percentage points over the rate of GDP by region as companies step up technology investment to stay competitive. Increasing investment in technology is an appealing way for firms to expand their capabilities without necessarily increasing their head count. Technology spending will continue to vary by company size, geography, and IT category, with solutions-oriented spending (especially related to cloud and mobility) showing the greatest growth. IDC also noted that SMB IT spending will be approaching $600 billion in 2017.