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... Research Beam Model: Research Beam Product ID: 444325 2500 USD New
Global IT Spending by SMBs 2016-2020
 
 

Global IT Spending by SMBs 2016-2020

  • Category : ICT & Media
  • Published On : March   2016
  • Pages : 66
  • Publisher : Technavio
 
 
 
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.

Technavios 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?

You can request one free hour of our analysts time when you purchase this market report. Details are provided within the report.
PART 01: Executive summary
Highlights
PART 02: Scope of the report
Market overview
Top-vendor offerings
PART 03: Market research methodology
Research methodology
Economic indicators
PART 04: Introduction
Key market highlights
PART 05: Market landscape
Market overview
Market size and forecast
Five forces analysis
PART 06: Market segmentation by IT solution
Global IT spending by SMBs by category
Global SMBs IT services market
Global SMBs hardware market
Global SMBs software market
PART 07: Market segmentation by end-user
Global IT spending by SMBs by end-user
PART 08: Geographical segmentation
Global IT spending by SMBs by region
PART 09: 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
PART 10: Impact of drivers
PART 11: 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
PART 12: Impact of drivers and challenges
PART 13: 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
PART 14: Vendor landscape
Competitive scenario
Other prominent vendors
PART 15: Key vendor analysis
Cisco
Dell
HP
IBM
PART 16: Appendix
List of abbreviations
PART 17: Explore Technavio

List of Exhibits
Exhibit 01: Product offerings
Exhibit 02: Global IT spending by SMBs 2016-2020
Exhibit 03: Global IT spending by SMBs 2015-2020 ($ billions)
Exhibit 04: Five forces analysis
Exhibit 05: Global IT spending by SMBs by category 2015
Exhibit 06: Global SMB IT services market 2015-2020 ($ billions)
Exhibit 07: Global hardware spending by SMBs 2015-2020 ($ billions)
Exhibit 08: Global SMB software market 2015-2020 ($ billions)
Exhibit 09: Global IT spending by SMBs by end-user 2015
Exhibit 10: Global IT spending by SMBs by region 2015
Exhibit 11: Impact of drivers
Exhibit 12: Impact of drivers and challenges
Exhibit 13: Cisco: Business segmentation
Exhibit 14: Cisco: Business segmentation by revenue 2013 and 2014 ($ billions)
Exhibit 15: Cisco: Geographical segmentation by revenue 2014
Exhibit 16: HP: Business segmentation by revenue 2014
Exhibit 17: HP: Business segmentation by revenue 2013 and 2014 ($ billions)
Exhibit 18: HP: Geographical segmentation by revenue 2014
Exhibit 19: IBM: Business segmentation by revenue 2014
Exhibit 20: GTS segment by revenue 2013 and 2014 ($ billions)
Exhibit 21: GBS segment by revenue 2013 and 2014 ($ billions)

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