Market Overview:
The global IT for small and medium-sized businesses market is expected to grow at a CAGR of 7.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for cloud-based services, big data analytics, and mobility solutions among small and medium-sized businesses. In addition, the growing trend of digital transformation is also contributing to the growth of this market. The hardware segment is expected to hold the largest share of the global IT for small and medium-sized businesses market in 2018. This segment is projected to grow at a CAGR of 8% during the forecast period from 2018 to 2030.
Product Definition:
Information technology (IT) is the application of computers and telecommunications equipment to store, retrieve, transmit and manipulate data. IT is used in a variety of business settings to improve efficiency and effectiveness. In small businesses, IT can help owners manage their finances, track inventory and connect with customers. In medium-sized businesses, IT systems can automate processes such as ordering supplies or tracking shipments.
Hardware:
Hardware is the tangible assets of an information technology environment. It includes computer hardware and software. Hardware is used to store, protect, and transfer data by means of different devices like tapes, discs, drives etc. The growth factor in IT for small & medium-sized businesses market is increasing automation in business processes which are leading to the introduction of new hardware systems that can enhance productivity and help reduce costs significantly.
Software:
Software and its usage in IT for small and medium-sized businesses is a new term that came into existence only after the emergence of cloud computing. Software has been playing an important role in business processes, from inventory control to sales tracking, since the past few decades. The advent of cloud computing has led to a drastic change in the way software is used by organizations across different industry verticals.
Application Insights:
The banking, financial services, and insurance (BFSI) segment dominated the global IT for SMBs market in 2017. The growth can be attributed to increasing demand for technology-enabled solutions and services across all channels of distribution. Furthermore, an increase in the number of digital initiatives by banks to provide enhanced customer experience is expected to drive industry growth over the forecast period.
Telecom was another prominent segment that accounted for a significant market share in 2017 owing to rising demand from customers for VoIP phones, data plans, mobile applications & games stores as well as internet access at affordable costs. The retail sector is anticipated gain traction over the forecast period on account of growing consumer preference towards e-commerce platforms coupled with increasing penetration of smartphones among consumers globally.
Regional Analysis:
North America dominated the global market in 2017. The growth of small and medium-sized businesses in North America can be attributed to the presence of a large number of IT solution providers, such as IBM, Cisco Systems, Inc., Hewlett Packard Enterprise Development LP, and Microsoft Corporation. These solution providers are continuously providing their services to small and medium-sized businesses across various industry verticals for enabling them to compete with large enterprises globally. Moreover high adoption rate for latest technologies coupled with increasing demand for mobile computing solutions is expected drive regional growth over the forecast period.
Asia Pacific region is anticipated to witness significant growth over the forecast period owing to increasing penetration of technology-based services among SMBs in countries such as India China Singapore Japan Australia South Korea Thailand etc.
Growth Factors:
- Increased demand for mobility and cloud-based services: SMBs are increasingly looking to adopt mobile technologies and cloud-based services in order to improve their operational efficiency and competitiveness. This is driving the growth of the SMB IT market.
- Proliferation of new technologies: Rapid advancements in technology are providing SMBs with more options for improving their business operations. Technologies such as big data, Internet of Things (IoT), and 3D printing are creating opportunities for SMBs to increase their productivity and efficiency.
- Emergence of digital platforms: Digital platforms are providing a means for SMBs to reach new customers, expand their businesses, and collaborate with other businesses more easily than ever before. Platforms such as Alibaba, Amazon, Google, Facebook, Apple, Microsoft Azure etc., are enabling faster innovation cycles for SMBs by offering them access to a large number of users/customers/partners worldwide at low costs or no costs at all .
Scope Of The Report
Report Attributes
Report Details
Report Title
IT for Small and Medium-Sized Businesses Market Research Report
By Type
Hardware, Software, Service
By Application
Banking, financial services, and insurance (BFSI), Telecom, Retail, Healthcare, Energy utilities
By Companies
BMC Software, HPE, IBM, Red Hat, VMware, Accenture, Adaptive Computing, CA Technologies, Cisco Systems, Citrix Systems, CloudBolt Software, Convirture, CSC, Dell EMC, Egenera, Embotics, GigaSpaces Technologies, Micro Focus, Oracle, RightScale, Scalr, ServiceNow, Splunk, Zimory
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
249
Number of Tables & Figures
175
Customization Available
Yes, the report can be customized as per your need.
Global IT for Small and Medium-Sized Businesses Market Report Segments:
The global IT for Small and Medium-Sized Businesses market is segmented on the basis of:
Types
Hardware, Software, Service
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
Banking, financial services, and insurance (BFSI), Telecom, Retail, Healthcare, Energy utilities
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:
- BMC Software
- HPE
- IBM
- Red Hat
- VMware
- Accenture
- Adaptive Computing
- CA Technologies
- Cisco Systems
- Citrix Systems
- CloudBolt Software
- Convirture
- CSC
- Dell EMC
- Egenera
- Embotics
- GigaSpaces Technologies
- Micro Focus
- Oracle
- RightScale
- Scalr
- ServiceNow
- Splunk
- Zimory
Highlights of The IT for Small and Medium-Sized Businesses 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
- Service
- By Application:
- Banking, financial services, and insurance (BFSI)
- Telecom
- Retail
- Healthcare
- Energy utilities
- 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 for Small and Medium-Sized Businesses 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.
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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 for SMBs is the process and technology that helps businesses manage their information systems. IT can include everything from servers and networks to software applications and databases. IT can help businesses improve efficiency, security, communication, and productivity.
Some of the key players operating in the it for small and medium-sized businesses market are BMC Software, HPE, IBM, Red Hat, VMware, Accenture, Adaptive Computing, CA Technologies, Cisco Systems, Citrix Systems, CloudBolt Software, Convirture, CSC, Dell EMC, Egenera, Embotics, GigaSpaces Technologies, Micro Focus, Oracle, RightScale, Scalr, ServiceNow, Splunk, Zimory.
The it for small and medium-sized businesses market is expected to grow at a compound annual growth rate of 7.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. IT for Small and Medium-Sized Businesses Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. IT for Small and Medium-Sized Businesses Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. IT for Small and Medium-Sized Businesses Market - Supply Chain
4.5. Global IT for Small and Medium-Sized Businesses Market Forecast
4.5.1. IT for Small and Medium-Sized Businesses Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. IT for Small and Medium-Sized Businesses Market Size (000 Units) and Y-o-Y Growth
4.5.3. IT for Small and Medium-Sized Businesses Market Absolute $ Opportunity
5. Global IT for Small and Medium-Sized Businesses Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. IT for Small and Medium-Sized Businesses Market Size and Volume Forecast by Type
5.3.1. Hardware
5.3.2. Software
5.3.3. Service
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global IT for Small and Medium-Sized Businesses Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. IT for Small and Medium-Sized Businesses Market Size and Volume Forecast by Application
6.3.1. Banking, financial services, and insurance (BFSI)
6.3.2. Telecom
6.3.3. Retail
6.3.4. Healthcare
6.3.5. Energy utilities
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global IT for Small and Medium-Sized Businesses Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. IT for Small and Medium-Sized Businesses Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global IT for Small and Medium-Sized Businesses Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. IT for Small and Medium-Sized Businesses Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global IT for Small and Medium-Sized Businesses Demand Share Forecast, 2019-2029
9. North America IT for Small and Medium-Sized Businesses Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America IT for Small and Medium-Sized Businesses Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America IT for Small and Medium-Sized Businesses Market Size and Volume Forecast by Application
9.4.1. Banking, financial services, and insurance (BFSI)
9.4.2. Telecom
9.4.3. Retail
9.4.4. Healthcare
9.4.5. Energy utilities
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America IT for Small and Medium-Sized Businesses Market Size and Volume Forecast by Type
9.7.1. Hardware
9.7.2. Software
9.7.3. Service
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America IT for Small and Medium-Sized Businesses Demand Share Forecast, 2019-2029
10. Latin America IT for Small and Medium-Sized Businesses Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America IT for Small and Medium-Sized Businesses Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America IT for Small and Medium-Sized Businesses Market Size and Volume Forecast by Application
10.4.1. Banking, financial services, and insurance (BFSI)
10.4.2. Telecom
10.4.3. Retail
10.4.4. Healthcare
10.4.5. Energy utilities
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America IT for Small and Medium-Sized Businesses Market Size and Volume Forecast by Type
10.7.1. Hardware
10.7.2. Software
10.7.3. Service
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America IT for Small and Medium-Sized Businesses Demand Share Forecast, 2019-2029
11. Europe IT for Small and Medium-Sized Businesses Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe IT for Small and Medium-Sized Businesses Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe IT for Small and Medium-Sized Businesses Market Size and Volume Forecast by Application
11.4.1. Banking, financial services, and insurance (BFSI)
11.4.2. Telecom
11.4.3. Retail
11.4.4. Healthcare
11.4.5. Energy utilities
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe IT for Small and Medium-Sized Businesses Market Size and Volume Forecast by Type
11.7.1. Hardware
11.7.2. Software
11.7.3. Service
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe IT for Small and Medium-Sized Businesses Demand Share, 2019-2029
12. Asia Pacific IT for Small and Medium-Sized Businesses Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific IT for Small and Medium-Sized Businesses Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific IT for Small and Medium-Sized Businesses Market Size and Volume Forecast by Application
12.4.1. Banking, financial services, and insurance (BFSI)
12.4.2. Telecom
12.4.3. Retail
12.4.4. Healthcare
12.4.5. Energy utilities
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific IT for Small and Medium-Sized Businesses Market Size and Volume Forecast by Type
12.7.1. Hardware
12.7.2. Software
12.7.3. Service
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific IT for Small and Medium-Sized Businesses Demand Share, 2019-2029
13. Middle East & Africa IT for Small and Medium-Sized Businesses Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa IT for Small and Medium-Sized Businesses Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa IT for Small and Medium-Sized Businesses Market Size and Volume Forecast by Application
13.4.1. Banking, financial services, and insurance (BFSI)
13.4.2. Telecom
13.4.3. Retail
13.4.4. Healthcare
13.4.5. Energy utilities
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa IT for Small and Medium-Sized Businesses Market Size and Volume Forecast by Type
13.7.1. Hardware
13.7.2. Software
13.7.3. Service
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa IT for Small and Medium-Sized Businesses Demand Share, 2019-2029
14. Competition Landscape
14.1. Global IT for Small and Medium-Sized Businesses Market: Market Share Analysis
14.2. IT for Small and Medium-Sized Businesses Distributors and Customers
14.3. IT for Small and Medium-Sized Businesses Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. BMC Software
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. HPE
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. IBM
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Red Hat
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. VMware
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Accenture
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Adaptive Computing
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. CA Technologies
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Cisco Systems
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Citrix Systems
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. CloudBolt Software
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Convirture
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. CSC
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Dell EMC
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Egenera
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Embotics
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. GigaSpaces Technologies
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. Micro Focus
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. Oracle
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. RightScale
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
