Global SMBs IT Spending Market Growth (Status and Outlook) 2024-2030

Global SMBs IT Spending Market Growth (Status and Outlook) 2024-2030

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.

The global SMBs IT Spending market size is projected to grow from US$ million in 2023 to US$ million in 2030; it is expected to grow at a CAGR of % from 2024 to 2030.

LPI (LP Information)' newest research report, the “SMBs IT Spending Industry Forecast” looks at past sales and reviews total world SMBs IT Spending sales in 2023, providing a comprehensive analysis by region and market sector of projected SMBs IT Spending sales for 2024 through 2030. With SMBs IT Spending sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world SMBs IT Spending industry.

This Insight Report provides a comprehensive analysis of the global SMBs IT Spending landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on SMBs IT Spending portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global SMBs IT Spending market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for SMBs IT Spending and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global SMBs IT Spending.

The IT services segment dominated the market.

This report presents a comprehensive overview, market shares, and growth opportunities of SMBs IT Spending market by product type, application, key players and key regions and countries.

Segmentation by type
Software
Hardware
IT Services

Segmentation by application
Public Sector
BFSI
Telecom and Media
Retail/Wholesale
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
IBM
Oracle
Dell EMC
HP
Microsoft
Cisco Systems
Fujitsu
Toshiba
Amdocs
SAP
TCS

Please note: The report will take approximately 2 business days to prepare and deliver.