Market Overview:
The global SMB IT spending market is expected to grow at a CAGR of 7.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for SMB-focused IT solutions and services, owing to the growing number of small and medium-sized businesses across the globe. In addition, the increasing adoption of cloud-based solutions among SMBs is also contributing significantly to the growth of this market. The hardware segment is expected to account for a major share of this market in 2018, followed by software and services segments. The hardware segment includes devices such as desktops, laptops, servers, storage systems, and networking equipment used for various business applications such as data processing or storage, communication or collaboration among employees etc. The software segment includes operating systems (OS), enterprise resource planning (ERP), customer relationship management (CRM), security software etc., which are deployed on various types of hardware platforms depending upon their requirements. The services segment includes consulting/professional services; system integration; managed services; training & education etc.
Product Definition:
SMB IT spending is the collective spending by small and medium-sized businesses on technology products and services. SMB IT spending is important because it allows these businesses to compete with larger companies by giving them access to the same level of technology. SMB IT spending also enables these businesses to better manage their operations, communicate with customers and suppliers, and track inventory.
Hardware:
Hardware is the tangible assets of an information technology environment. It includes computer systems and peripheral devices such as printers, scanners, microphones, speakers and cameras. Hardware spending in SMBs (Small & Medium Businesses) has been increasing at a rapid rate over the last few years owing to several factors such as new product developments by manufacturers & vendors; increased adoption of cloud computing services; rising demand for IT hardware due to its high reliability on small scale business applications and growing need for security solutions among others.
Software:
Software is any tool or a collection of tools that can be used to carry out a specific task. In the IT world, software has two major usages: Small and Medium Businesses (SMB) it's used for carrying out day-to-day operations such as payroll processing, inventory control and record keeping. It also helps in managing business processes more efficiently by streamlining workflows between departments.
Application Insights:
The small businesses application segment accounted for the largest revenue share of over 60% in 2017. The segment is expected to witness significant growth over the forecast period as SMBs are increasingly adopting cloud services and digital technologies. The growing adoption of these technologies is enabling them to perform specific tasks more efficiently, which is resulting in increased spending on IT infrastructure and related services.
The medium-sized businesses application segment was valued at USD 3,000 - 10,000 million in 2017 and is expected to witness a CAGR greater than 11% from 2018 to 2030 owing to increasing demand for mid-sized businesses (SMBs) across different industries such as manufacturing, retail etc., that require robust IT infrastructures due to higher operational volumes coupled with advanced software applications running simultaneously within the organization¢â‚¬â„¢s network environment.
Regional Analysis:
North America dominated the overall market in 2017. The growth of SMB sector in the region is attributed to various factors such as increasing number of small and medium enterprises, high adoption rate of technology among these companies, and growing need for efficient collaboration among all these entities. Moreover, presence of a large number of IT service providers has also fueled regional growth.
Asia Pacific is expected to be one of the fastest-growing regions over the forecast period owing to significant increase in spending on cloud computing services by enterprises operating across multiple industries including BFSI, retail & e-commerce, telecom & ITES sectors. Furthermore rising demand for mobile devices coupled with increased usage rates for social media and internet access are some other factors driving regional growth.
Growth Factors:
- Increased demand for cloud-based services and solutions
- Proliferation of mobile devices and BYOD policies in the workplace
- Greater emphasis on security and data protection measures
- Growing demand for big data analytics and business intelligence tools
- Increasing need for IT support and managed services
Scope Of The Report
Report Attributes
Report Details
Report Title
SMB IT Spending Market Research Report
By Type
Hardware, Software, Services
By Application
Small Businesses, Medium-sized Businesses
By Companies
Fujitsu, Lenovo Group, Microsoft, Oracle, SAP, Cisco Systems, IBM, Dell, Toshiba, HP
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
188
Number of Tables & Figures
132
Customization Available
Yes, the report can be customized as per your need.
Global SMB IT Spending Market Report Segments:
The global SMB IT Spending market is segmented on the basis of:
Types
Hardware, Software, Services
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
Small Businesses, Medium-sized Businesses
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:
- Fujitsu
- Lenovo Group
- Microsoft
- Oracle
- SAP
- Cisco Systems
- IBM
- Dell
- Toshiba
- HP
Highlights of The SMB IT Spending 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:
- Hardware
- Software
- Services
- By Application:
- Small Businesses
- Medium-sized Businesses
- 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 SMB IT Spending 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
- Market Entry Strategies
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- Product & Brand Management
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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?
Small and medium-sized businesses (SMBs) are the backbone of the U.S. economy, employing more than half of all private sector workers. In 2016, SMBs spent an estimated $2 trillion on IT products and services, accounting for more than two-thirds of all IT spending in the United States.
Some of the major players in the smb it spending market are Fujitsu, Lenovo Group, Microsoft, Oracle, SAP, Cisco Systems, IBM, Dell, Toshiba, HP.
The smb it spending market is expected to grow at a compound annual growth rate of 7.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 SMB IT Spending 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 SMB IT Spending Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 SMB IT Spending 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 SMB IT Spending 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 SMB IT Spending Market Size & Forecast, 2018-2028
4.5.1 SMB IT Spending Market Size and Y-o-Y Growth
4.5.2 SMB IT Spending Market Absolute $ Opportunity
Chapter 5 Global SMB IT Spending 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 SMB IT Spending Market Size Forecast by Type
5.2.1 Hardware
5.2.2 Software
5.2.3 Services
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global SMB IT Spending 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 SMB IT Spending Market Size Forecast by Applications
6.2.1 Small Businesses
6.2.2 Medium-sized Businesses
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global SMB IT Spending 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 SMB IT Spending 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 SMB IT Spending Analysis and Forecast
9.1 Introduction
9.2 North America SMB IT Spending 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 SMB IT Spending Market Size Forecast by Type
9.6.1 Hardware
9.6.2 Software
9.6.3 Services
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 SMB IT Spending Market Size Forecast by Applications
9.10.1 Small Businesses
9.10.2 Medium-sized Businesses
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 SMB IT Spending Analysis and Forecast
10.1 Introduction
10.2 Europe SMB IT Spending 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 SMB IT Spending Market Size Forecast by Type
10.6.1 Hardware
10.6.2 Software
10.6.3 Services
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 SMB IT Spending Market Size Forecast by Applications
10.10.1 Small Businesses
10.10.2 Medium-sized Businesses
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 SMB IT Spending Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific SMB IT Spending 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 SMB IT Spending Market Size Forecast by Type
11.6.1 Hardware
11.6.2 Software
11.6.3 Services
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 SMB IT Spending Market Size Forecast by Applications
11.10.1 Small Businesses
11.10.2 Medium-sized Businesses
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 SMB IT Spending Analysis and Forecast
12.1 Introduction
12.2 Latin America SMB IT Spending 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 SMB IT Spending Market Size Forecast by Type
12.6.1 Hardware
12.6.2 Software
12.6.3 Services
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 SMB IT Spending Market Size Forecast by Applications
12.10.1 Small Businesses
12.10.2 Medium-sized Businesses
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) SMB IT Spending Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) SMB IT Spending 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) SMB IT Spending Market Size Forecast by Type
13.6.1 Hardware
13.6.2 Software
13.6.3 Services
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) SMB IT Spending Market Size Forecast by Applications
13.10.1 Small Businesses
13.10.2 Medium-sized Businesses
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 SMB IT Spending Market: Competitive Dashboard
14.2 Global SMB IT Spending Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Fujitsu
14.3.2 Lenovo Group
14.3.3 Microsoft
14.3.4 Oracle
14.3.5 SAP
14.3.6 Cisco Systems
14.3.7 IBM
14.3.8 Dell
14.3.9 Toshiba
14.3.10 HP
