This statistic shows the estimated constant annual growth rate of small-to-medium-sized business (SMB) spending worldwide, between 2016 and 2021, by technology area. Over the forecast period, SMB expenditure on business services is expected to grow at an average rate of 7.1 percent per years. Hardware expenditure will grow the least, at a rate of 1.8 percent per year, perhaps due to the shift towards cloud services and infrastructure.
Growth of top expenditure areas for small-to-medium-sized businesses (SMBs) worldwide between 2016 and 2021
Small and medium sized businesses (SMBs) – also known as small and medium enterprises (SMEs) – are defined as companies with fewer than 1,000 employees.
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IDC. (July 24, 2017). Growth of top expenditure areas for small-to-medium-sized businesses (SMBs) worldwide between 2016 and 2021 [Graph]. In Statista. Retrieved November 03, 2024, from https://www.statista.com/statistics/800684/worldwide-small-medium-business-it-spending-growth/
IDC. "Growth of top expenditure areas for small-to-medium-sized businesses (SMBs) worldwide between 2016 and 2021." Chart. July 24, 2017. Statista. Accessed November 03, 2024. https://www.statista.com/statistics/800684/worldwide-small-medium-business-it-spending-growth/
IDC. (2017). Growth of top expenditure areas for small-to-medium-sized businesses (SMBs) worldwide between 2016 and 2021. Statista. Statista Inc.. Accessed: November 03, 2024. https://www.statista.com/statistics/800684/worldwide-small-medium-business-it-spending-growth/
IDC. "Growth of Top Expenditure Areas for Small-to-medium-sized Businesses (Smbs) Worldwide between 2016 and 2021." Statista, Statista Inc., 24 Jul 2017, https://www.statista.com/statistics/800684/worldwide-small-medium-business-it-spending-growth/
IDC, Growth of top expenditure areas for small-to-medium-sized businesses (SMBs) worldwide between 2016 and 2021 Statista, https://www.statista.com/statistics/800684/worldwide-small-medium-business-it-spending-growth/ (last visited November 03, 2024)
Growth of top expenditure areas for small-to-medium-sized businesses (SMBs) worldwide between 2016 and 2021 [Graph], IDC, July 24, 2017. [Online]. Available: https://www.statista.com/statistics/800684/worldwide-small-medium-business-it-spending-growth/
