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Research and Markets: Global SMB IT Spending Market 2014-2018 - Key Vendors are Cisco Systems, Dell, HP & IBM

Research and Markets (http://www.researchandmarkets.com/research/hw2dlq/global_smb_it) has announced the addition of the "Global SMB IT Spending Market 2014-2018" report to their offering.

The Global SMB IT Spending market to grow at a CAGR of 5.54 percent over the period 2013-2018.

Small and medium-sized (SMB) businesses are defined based on the number of employees and annual revenue generated. Micro businesses are those that have less than 10 employees, small businesses are those that employ less than 100 employees, and mid-sized businesses are those that have more than 100 but less than 1,000 employees. The IT requirement of an SMB differs based on business size.

SMBs have dynamic needs but limited resources. From the last few decades, SMBs have been the growth engine of the IT industry as they account for the majority of businesses. Moreover, the number of SMBs is set to increase rapidly in the coming years with a rise in IT component investment.

One of the predominant trends expected in this market is the growing popularity of cloud-computing services. Cloud computing allows SMBs to access technologies such as infrastructure, platforms, and software that need proper IT support.

According to the report, the increased spending on mobile devices such as tablets is considered as the major source for the growth for the Hardware segment. SMBs have adopted modern and mobile technologies such as Voice over Internet Protocol to compete with other enterprises.

Further, the report states that one of the major challenges that the market faces is the threat to data security and privacy in the Software segment. Advanced technologies such as social networking, communication technologies, mobile devices, and cloud computing have increased the scope for data theft.

The Global SMB IT Spending market is categorized into three main segments:

  • Hardware
  • Software
  • IT Services

Key Vendors

  • Cisco Systems
  • Dell
  • HP
  • IBM

Other Prominent Vendors

  • Fujitsu
  • Lenovo Group
  • Microsoft
  • Oracle
  • SAP
  • Toshiba

For more information visit http://www.researchandmarkets.com/research/hw2dlq/global_smb_it

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