Global IT Spending by SMBs Market Growth (Status and Outlook) 2023-2029

Global IT Spending by SMBs Market Growth (Status and Outlook) 2023-2029

Information technology (IT) is the use of computers to store, retrieve, transmit, and manipulate data, or information, often in the context of a business or other enterprise. IT is considered to be a subset of information and communications technology (ICT).

LPI (LP Information)' newest research report, the “IT Spending by SMBs Industry Forecast” looks at past sales and reviews total world IT Spending by SMBs sales in 2022, providing a comprehensive analysis by region and market sector of projected IT Spending by SMBs sales for 2023 through 2029. With IT Spending by SMBs sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world IT Spending by SMBs industry.

This Insight Report provides a comprehensive analysis of the global IT Spending by SMBs 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 IT Spending by SMBs portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global IT Spending by SMBs market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for IT Spending by SMBs 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 IT Spending by SMBs.

The global IT Spending by SMBs market size is projected to grow from US$ million in 2022 to US$ million in 2029; it is expected to grow at a CAGR of % from 2023 to 2029.

Small and medium-sized businesses (SMBs) recognize and want the full utility and value out of IT for digital transformation. Even SMBs can have densely complex IT systems. With the prevalence of cloud adoption, and user expectations of 24/7 availability, managing the infrastructure and network becomes a mind-boggling exercise and an enormous responsibility. There are many vulnerabilities to outages, data loss, and threats. When something goes off, it can be a nightmare for both IT and users alike.

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

Market Segmentation:

Segmentation by type
IT Services
Hardware
Software

Segmentation by application
Public Sector
BFSI
Telecom and Media
Retail/wholesale
Utilities
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.
Cisco Systems
Dell
HP
IBM
Amdocs
Fujitsu
Lenovo
Microsoft
Oracle
SAP
TCS
Toshiba

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