Worldwide SMB IT spending to reach $676 Bn in 2021: IDC

The total IT spending by small and medium-size businesses (SMBs) will exceed $676 billion in 2021 according to IDC report.

"SMB IT spending growth continues to track about two percentage points higher than GDP growth across regions. But beneath that slowly rising tide are faster moving currents that reflect the changing ways SMBs are acquiring and deploying technology," said Ray Boggs, Vice President, SMB Research, IDC.

Boggs noted that while SMBs, especially smaller ones, have immediate tactical needs to sharpen performance, they are also looking to coordinate resources in a meaningful way. For many this will be an important step towards Digital Transformation (DX)....Read More