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Western European SMBs to Spend USD 125 bln on IT in 2017
Source: www.telecompaper.com
Source Date: Saturday, November 11, 2017
Focus: Institution and HR Management
Created: Nov 13, 2017

Total IT spending by Small and Medium Businesses (SMBs) in Western Europe will grow by 3.4 percent year on year to USD 125.3 billion in 2017 and continue increasing at a CAGR of 2.5 percent to exceed USD 137 billion in 2021, according to a study from IDC. The report says conditions have improved for SMBs thanks to an enhanced physical and ICT infrastructure, reforms in regulations and easier access to information and finance. As a result, SMBs have been less reluctant to invest in technologies such as cloud, the Internet of Things [IoT], artificial intelligence [AI] and big data and analytics.

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