Market Overview:
The global IT spending by SMBs market is expected to grow at a CAGR of 7.8% during the forecast period from 2018 to 2030. The market is segmented on the basis of type, application, and region. On the basis of type, the market is segmented into IT services, hardware, and software. The IT services segment is expected to grow at a CAGR of 8% during the forecast period from 2018 to 2030. This can be attributed to rising demand for cloud-based services among SMBs across different regions.
Product Definition:
Small and medium businesses (SMBs) account for a significant portion of the global economy, with IT spending constituting a large percentage of their total expenditures. SMBs are increasingly turning to technology to help them compete in an ever-more competitive marketplace.
IT spending by SMBs can be divided into two categories: capital expenses (capex) and operational expenses (opex). Capex includes investments in hardware, software, and other infrastructure items, while opex covers the ongoing costs associated with running IT systems, such as salaries for staff who manage or maintain those systems.
The importance of IT spending by SMBs cannot be overstated. In addition to helping them stay competitive, effective use of technology can improve efficiency and productivity within SMBs, enabling them to grow their businesses at a faster pace than would otherwise be possible.
IT Services:
IT services comprise computer support, systems integration, application development and outsourcing of IT operations to third party. IT spending by SMBs is a key factor in the growth of various industries such as BFSI, retail and manufacturing.
Hardware:
Hardware is the tangible assets of an IT system. It includes computer hardware and software. Hardware components are used in various stages of information technology life cycle for carrying out operations efficiently. Information Technology (IT) spending by Small and Medium Businesses (SMBs) has increased over the last few years owing to factors such as cloud computing, social media, mobility in general but also specific solutions such as accounting software or inventory management systems which have helped them increase their productivity significantly along with cost savings.
Application Insights:
The public sector accounted for the largest revenue share of over 40% in 2017. The growth can be attributed to the stable government policies across various countries and increasing investments by governments in infrastructure and digital development. For instance, according to a study conducted by Dell EMC, nearly USD 17 trillion is expected to be spent on IT infrastructure globally from 2018 to 2030, with more than 60% of this spending occurring outside of North America and Europe. This represents an opportunity for businesses operating in the global IT market space.
The BFSI sector is estimated to witness considerable growth over the forecast period owing to increasing penetration of SMBs as well as large enterprises into online transactions through mobile banking or internet banking platforms. As per GSM Association (GSMA), there were approximately 5 billion unique mobile subscribers worldwide at end-2016; up from about 4 billion unique mobile subscribers at end-2011.
Regional Analysis:
North America dominated the global market in 2017. The growth of the region can be attributed to increasing government spending on defense and homeland security, growing adoption of cloud computing, and rising demand for smartphones. Asia Pacific is expected to witness significant growth over the forecast period owing to increased IT infrastructure spending by companies in this region. Companies are investing more in order to store data within their own infrastructure rather than storing it with third parties thereby reducing risk exposure associated with data loss or theft occurrence.
The Middle East & Africa (MEA) is anticipated grow at a lucrative rate over the next eight years due to rapid digitalization coupled with increasing internet penetration rates especially among youth population which has led towards higher usage of social media websites such as Facebook.
Growth Factors:
- Increased demand for mobility and cloud-based services
- The need to improve operational efficiency and competitiveness
- Growing demand for big data and analytics services
- Proliferation of IoT devices and the need for associated security measures
- The increasing trend of digital transformation
Scope Of The Report
Report Attributes
Report Details
Report Title
IT Spending by SMBs Market Research Report
By Type
IT Services, Hardware, Software
By Application
Public Sector, BFSI, Telecom and Media, Retail/wholesale, Utilities, Others
By Companies
Cisco Systems, Dell, HP, IBM, Amdocs, Fujitsu, Lenovo, Microsoft, Oracle, SAP, TCS, Toshiba
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
230
Number of Tables & Figures
161
Customization Available
Yes, the report can be customized as per your need.
Global IT Spending by SMBs Market Report Segments:
The global IT Spending by SMBs market is segmented on the basis of:
Types
IT Services, Hardware, Software
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Public Sector, BFSI, Telecom and Media, Retail/wholesale, Utilities, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Cisco Systems
- Dell
- HP
- IBM
- Amdocs
- Fujitsu
- Lenovo
- Microsoft
- Oracle
- SAP
- TCS
- Toshiba
Highlights of The IT Spending by SMBs Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- IT Services
- Hardware
- Software
- By Application:
- Public Sector
- BFSI
- Telecom and Media
- Retail/wholesale
- Utilities
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the IT Spending by SMBs Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
IT spending by small businesses has been on the rise in recent years. According to a study by Forrester Research, IT spending by SMBs increased from $27.5 billion in 2010 to $32.1 billion in 2015. This trend is likely to continue as businesses become increasingly reliant on technology for their operations and growth
Some of the key players operating in the it spending by smbs market are Cisco Systems, Dell, HP, IBM, Amdocs, Fujitsu, Lenovo, Microsoft, Oracle, SAP, TCS, Toshiba.
The it spending by smbs market is expected to grow at a compound annual growth rate of 7.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 IT Spending by SMBs Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 IT Spending by SMBs Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 IT Spending by SMBs Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the IT Spending by SMBs Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global IT Spending by SMBs Market Size & Forecast, 2018-2028
4.5.1 IT Spending by SMBs Market Size and Y-o-Y Growth
4.5.2 IT Spending by SMBs Market Absolute $ Opportunity
Chapter 5 Global IT Spending by SMBs Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 IT Spending by SMBs Market Size Forecast by Type
5.2.1 IT Services
5.2.2 Hardware
5.2.3 Software
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global IT Spending by SMBs Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 IT Spending by SMBs Market Size Forecast by Applications
6.2.1 Public Sector
6.2.2 BFSI
6.2.3 Telecom and Media
6.2.4 Retail/wholesale
6.2.5 Utilities
6.2.6 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global IT Spending by SMBs Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 IT Spending by SMBs Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America IT Spending by SMBs Analysis and Forecast
9.1 Introduction
9.2 North America IT Spending by SMBs Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America IT Spending by SMBs Market Size Forecast by Type
9.6.1 IT Services
9.6.2 Hardware
9.6.3 Software
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America IT Spending by SMBs Market Size Forecast by Applications
9.10.1 Public Sector
9.10.2 BFSI
9.10.3 Telecom and Media
9.10.4 Retail/wholesale
9.10.5 Utilities
9.10.6 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe IT Spending by SMBs Analysis and Forecast
10.1 Introduction
10.2 Europe IT Spending by SMBs Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe IT Spending by SMBs Market Size Forecast by Type
10.6.1 IT Services
10.6.2 Hardware
10.6.3 Software
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe IT Spending by SMBs Market Size Forecast by Applications
10.10.1 Public Sector
10.10.2 BFSI
10.10.3 Telecom and Media
10.10.4 Retail/wholesale
10.10.5 Utilities
10.10.6 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific IT Spending by SMBs Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific IT Spending by SMBs Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific IT Spending by SMBs Market Size Forecast by Type
11.6.1 IT Services
11.6.2 Hardware
11.6.3 Software
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific IT Spending by SMBs Market Size Forecast by Applications
11.10.1 Public Sector
11.10.2 BFSI
11.10.3 Telecom and Media
11.10.4 Retail/wholesale
11.10.5 Utilities
11.10.6 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America IT Spending by SMBs Analysis and Forecast
12.1 Introduction
12.2 Latin America IT Spending by SMBs Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America IT Spending by SMBs Market Size Forecast by Type
12.6.1 IT Services
12.6.2 Hardware
12.6.3 Software
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America IT Spending by SMBs Market Size Forecast by Applications
12.10.1 Public Sector
12.10.2 BFSI
12.10.3 Telecom and Media
12.10.4 Retail/wholesale
12.10.5 Utilities
12.10.6 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) IT Spending by SMBs Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) IT Spending by SMBs Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) IT Spending by SMBs Market Size Forecast by Type
13.6.1 IT Services
13.6.2 Hardware
13.6.3 Software
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) IT Spending by SMBs Market Size Forecast by Applications
13.10.1 Public Sector
13.10.2 BFSI
13.10.3 Telecom and Media
13.10.4 Retail/wholesale
13.10.5 Utilities
13.10.6 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 IT Spending by SMBs Market: Competitive Dashboard
14.2 Global IT Spending by SMBs Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Cisco Systems
14.3.2 Dell
14.3.3 HP
14.3.4 IBM
14.3.5 Amdocs
14.3.6 Fujitsu
14.3.7 Lenovo
14.3.8 Microsoft
14.3.9 Oracle
14.3.10 SAP
14.3.11 TCS
14.3.12 Toshiba
