In 2021, small businesses are forecast to spend approximately 645 billion U.S. dollars on IT services. In contrast, medium-sized businesses are forecast to spend around 490 billion U.S. dollars on IT services that year. Medium-sized businesses are more likely to make long-term investments, whereas small businesses spend to meet short-term requirements.
Small and medium business (SMB) spending on IT services worldwide from 2019 to 2023, by business size
(in billion U.S. dollars)
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Statista. (July 12, 2021). Small and medium business (SMB) spending on IT services worldwide from 2019 to 2023, by business size (in billion U.S. dollars) [Graph]. In Statista. Retrieved November 19, 2024, from https://www.statista.com/statistics/1248934/smb-business-size-it-spending-global-yearly/
Statista. "Small and medium business (SMB) spending on IT services worldwide from 2019 to 2023, by business size (in billion U.S. dollars)." Chart. July 12, 2021. Statista. Accessed November 19, 2024. https://www.statista.com/statistics/1248934/smb-business-size-it-spending-global-yearly/
Statista. (2021). Small and medium business (SMB) spending on IT services worldwide from 2019 to 2023, by business size (in billion U.S. dollars). Statista. Statista Inc.. Accessed: November 19, 2024. https://www.statista.com/statistics/1248934/smb-business-size-it-spending-global-yearly/
Statista. "Small and Medium Business (Smb) Spending on It Services Worldwide from 2019 to 2023, by Business Size (in Billion U.S. Dollars)." Statista, Statista Inc., 12 Jul 2021, https://www.statista.com/statistics/1248934/smb-business-size-it-spending-global-yearly/
Statista, Small and medium business (SMB) spending on IT services worldwide from 2019 to 2023, by business size (in billion U.S. dollars) Statista, https://www.statista.com/statistics/1248934/smb-business-size-it-spending-global-yearly/ (last visited November 19, 2024)
Small and medium business (SMB) spending on IT services worldwide from 2019 to 2023, by business size (in billion U.S. dollars) [Graph], Statista, July 12, 2021. [Online]. Available: https://www.statista.com/statistics/1248934/smb-business-size-it-spending-global-yearly/
