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Global IT Spending by SMBs 2016-2020

Global IT Spending by SMBs 2016-2020

About IT Spending by SMBs

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.

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?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Global IT Spending by SMBs 2016-2020

Technavio recognizes the following companies as the key players in the Global IT Spending by SMBs: Cisco, Systems, Dell, HP, and IBM.

Other Prominent Vendors in the market are: Amdocs, Fujitsu, Lenovo, Microsoft, Oracle, SAP, TCS, and Toshiba.

Commenting on the report, an analyst from Technavio’s team said: “Organizations are adopting cloud-based solutions to reduce operational costs and increase efficiency. The pay-per-use model offers low upfront costs, and so the use of cloud technologies is high among SMBs. Consumer Internet services such as Dropbox and Google Drive, both cloud-based storage solutions, are trending rapidly.”

According to the report, IT budget constraints in SMBs have slowed down the adoption of hardware, software, and IT services solutions. Top executives of companies are always under pressure to shrink IT costs and leverage limited resources. Therefore, to cut costs, SMBs deploy low-cost IT solutions, such as cloud computing, that are flexible, scalable, and reliable.

Further, the report states that the growing use of mobility solutions and the BYOD trend are making it necessary for organizations to invest in robust and secure ICT infrastructure. Protecting sensitive data is the biggest challenge organizations face in an age of ubiquitous connected devices and the widespread use of mobility solutions.

Companies Mentioned

Cisco, Systems, Dell, HP, IBM, Amdocs, Fujitsu, Lenovo, Microsoft, Oracle, SAP, TCS, Toshiba.

  • Executive summary
    • Highlights
  • Scope of the report
    • Market overview
    • Top-vendor offerings
      • Table Product offerings
  • Market research methodology
    • Research methodology
    • Economic indicators
  • Introduction
    • Key market highlights
  • Market landscape
    • Market overview
      • Table Global IT spending by SMBs 2016-2020
    • Market size and forecast
      • Table Global IT spending by SMBs 2015-2020 ($ billions)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by IT solution
    • Global IT spending by SMBs by category
      • Table Global IT spending by SMBs by category 2015
    • Global SMBs IT services market
      • Table Global SMB IT services market 2015-2020 ($ billions)
    • Global SMBs hardware market
      • Table Global hardware spending by SMBs 2015-2020 ($ billions)
    • Global SMBs software market
      • Table Global SMB software market 2015-2020 ($ billions)
  • Market segmentation by end-user
    • Global IT spending by SMBs by end-user
      • Table Global IT spending by SMBs by end-user 2015
  • Geographical segmentation
    • Global IT spending by SMBs by region
      • Table Global IT spending by SMBs by region 2015
  • Market drivers
    • Increased number of government initiatives to support SMBs
    • Need to ensure GRC
    • Cost reduction and efficiency
    • Increased spending on PCs and mobile devices
    • Growing complexities in IT ecosystems
    • Development of standards for core IT technologies
  • Impact of drivers
    • Table Impact of drivers
  • Market challenges
    • Data privacy and security risks
    • Lack of IT planning and management
    • High upfront costs
    • Economic uncertainties
    • Difficulty in creating business strategies for IT vendors
  • Impact of drivers and challenges
    • Table Impact of drivers and challenges
  • Market trends
    • Extensive use of cloud computing
    • Growing use of big data and analytics
    • Upsurge in implementation of BYOD
    • Virtualization of IT infrastructure
    • Embracement of managed services
  • Vendor landscape
    • Competitive scenario
    • Other prominent vendors
  • Key vendor analysis
    • Cisco
      • Table Cisco: Business segmentation
      • Table Cisco: Business segmentation by revenue 2013 and 2014 ($ billions)
      • Table Cisco: Geographical segmentation by revenue 2014
    • Dell
    • HP
      • Table HP: Business segmentation by revenue 2014
      • Table HP: Business segmentation by revenue 2013 and 2014 ($ billions)
      • Table HP: Geographical segmentation by revenue 2014
    • IBM
      • Table IBM: Business segmentation by revenue 2014
      • Table GTS segment by revenue 2013 and 2014 ($ billions)
      • Table GBS segment by revenue 2013 and 2014 ($ billions)
  • Appendix
    • List of abbreviations
  • Explore Technavio

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