Global IT Spending By SMBS Market to Grow at CAGR of 6% according to forecast from 2016 to 2020
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1 Global IT Spending By SMBS Market to Grow at CAGR of 6% according to forecast from 2016 to 2020 WiseGuyReports Saturday, June 18th, 2016 Complete report at IT SPENDING BY SMBS Summery Wiseguyreports.Com Adds It Spending By Smbs -Market Demand, Growth, Opportunities, and Forecast, To Its Research Database.= This market research report includes a detailed segmentation of the global IT spending by SMBs by software (application and infrastructure software), by hardware (networking equipment, servers, and storage), and by IT services (system integration services, hardware support services, and consulting services). It outlines the market shares for key regions such as the Americas, APAC, and EMEA. The key vendors analyzed in this report are Cisco, Dell, HP, and IBM. Market outlook of the IT spending by SMBs Technavio s research analyst predicts the global IT spending by SMBs to grow steadily at a CAGR of close to 6% during the forecast period. The need for cost reduction and efficiency is the primary growth driver for this market. The SMB sector plays a significant role in the growth of a country s GDP, employment, and exports. Despite its size, the sector remains plagued with many challenges. It is fragmented and unorganized, lacks support from top management, and has funding issues and supply chain inefficiencies. Also, this sector is facing global competition from developed nations. Therefore, it has become imperative for this sector to streamline processes and operations, adopt best practices, and use technology to improve the overall operational efficiency and enhance quality. Top executives of SMB units are always under pressure to shrink IT costs. Therefore, to minimize costs, SMBs are deploying low-cost IT solutions such as cloud computing that are flexible, scalable, and Contact Profile WiseGuyReports Wise Guy Reports is part of the Wise Guy Consultants Pvt. Ltd. and offers premium progressive statistical surveying, market research reports, analysis & forecast data for industries and governments around the globe. Wise Guy Reports understand how essential statistical surveying information is for your organization or association. Therefore, we have associated with the top publishers and research firms all specialized in specific domains, ensuring you will receive the most reliable and up to date research data available. We also provide COTS (Commercial off the Shelf) business sector reports as custom exploration agreeing your particular needs. Our Market Research Reports and Consulting Services Wise Guy Reports features an exhaustive list of market research reports from hundreds of publishers worldwide. We boast a database spanning virtually every market category and an even more comprehensive collection of market research reports under these categories and sub-categories. The Wise Guy Reports team prides itself in being the chosen source for market research reports, report customizations services, and other ancillary services such as a Newsletter service and corporate service for large organizations. Hundreds of large and small organizations across virtually every industry sector worldwide are currently reaping rich dividends from the sharp insights provided by market research reports sourced through Wise Guy Reports. Gaining an insight into emerging trends, opportunities and potential threats is key to long-term sustenance in a competitive environment. The handpicked collection of market research reports on Wise Guy Reports is centred on this proven principle. Norah Trent P: M: W: E: norah.trent@wiseguyreports.com
2 reliable. This research report predicts, virtualization of IT aimed at minimizing both CAPEX and OPEX of SMBs to emerge as the next big thing in the IT industry until IT spending segmentation and analysis by SMBs Software Hardware IT services The IT services segment dominated the market during 2015 with a share of close to 45%. SMB firms are selecting IT-as-a-service deployment model such as SaaS, IaaS, and Pass to implement ondemand, flexible, scalable, and agile IT solutions. With the upsurge of cloud computing services, organizations are set to invest in cloudbased solutions as per their IT budget. Segmentation by end-user and analysis of the IT spending by SMBs Public sector BFSI Telecom and media Retail/wholesale Utilities Others IT spending in the public sector segment is expected to expand impressively during the next four years. Spending on IT in the public sector involves enhancing public services such as healthcare, education, and transportation. An increased IT budget helps enhance business operations and reduce costs. Public sector IT spending in the Americas, EMEA, and Asia-Pacific (APAC) is on the rise because the US, the UK, India, Japan, China, and Singapore are significantly investing in this sector. Geographical segmentation and analysis of the IT spending by SMBs Americas APAC EMEA The Americas accounted for the largest market share of IT spending in SMBs among all geographies in North American banks are
3 investing heavily in technology to improve the performance of retail banking services. This has contributed to the growth of the market in this region. Competitive landscape and key vendors SMBs are increasingly adopting modern technology solutions to cater to the current business needs of their clients. They prefer enterprise storage vendors and managed service providers for the delivery of quality products that are scalable and cost effective. The competition among the foreign firms and local firms are also expected to increase during the forecast period. The competition in the IT market for SMBs is mainly in terms of price; support services like training, quality, reliability and brand, and offerings portfolio. The leading vendors in the market are - Cisco Dell HP IBM Other prominent vendors in the market include Amdocs, Fujitsu, Lenovo, Microsoft, Oracle, SAP, TCS, and Toshiba. Key questions answered in the report include What will the market size and the growth rate be in 2020? What are the key factors driving the global IT spending by SMBs? What are the key market trends impacting the growth of the IT spending by SMBs? 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 vendors in the global IT spending by SMBs? What are the trending factors influencing the market shares of the Americas, APAC, and EMEA? What are the key outcomes of the five forces analysis of the IT spending by SMBs? Sample page of the ding-by-smbs
4 Table of Content 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 Continued... Purchase a Single Licensed USD&report_id=366099
5 Contact US: NORAH TRENT Partner Relations & Marketing Manager Ph: (US) Ph: (UK)
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