Global IT Spending by SMBs CAGR Growth of 5.91% by 2020
March 23, 2016 | PRNewswireEstimated reading time: Less than a minute
Research and Markets has announced the addition of the "Global IT Spending by SMBs 2016-2020" report to their offering.
This comprehensive report forecasts the Global IT spending by SMBs to grow at a CAGR of 5.91% during the 2016-2020 period.
Commenting on the report, an analyst from the research team said: Organizations are adopting cloud-based solutions to reduce operational costs and increase efficiency. The pay-per-use model offers low upfront costs, and so the use of cloud technologies is high among SMBs. Consumer Internet services such as Dropbox and Google Drive, both cloud-based storage solutions, are trending rapidly.
According to the report, IT budget constraints in SMBs have slowed down the adoption of hardware, software, and IT services solutions. Top executives of companies are always under pressure to shrink IT costs and leverage limited resources. Therefore, to cut costs, SMBs deploy low-cost IT solutions, such as cloud computing, that are flexible, scalable, and reliable.
Suggested Items
American Standard Circuits to Exhibit at Focus on PCB 2024 Italy
05/09/2024 | American Standard CircuitsAmerican Standard Circuits will be exhibiting at this year’s Focus on PCB Italy 2024 to be held on May 15 and 16 at the Vicenza Expo Centre, Vicenza, Italy.
MKS’ Atotech, ESI to Participate in CPCA Show
05/09/2024 | MKS’ AtotechMKS’ Atotech, and ESI will participate in the CPCA Show 2024. The show will be held from May 13 to 15, 2024, at the National Exhibition and Convention Center (Shanghai) and will bring together domestic and international manufacturers in the electronic circuit industry.
All Flex Solutions Hires Mike Madetzke as Manager of R&D
05/08/2024 | All Flex SolutionsAll Flex Solutions is very pleased to announce that Mike Madetzke has joined their team as their new Manager of Research and Development.
Micross, Sital Announce Global Manufacturing & Distribution Partnership
05/07/2024 | Micross Components, Inc.Micross Components, Inc., a leading global provider of mission-critical microelectronic components and services for high-reliability aerospace, defense, space and industrial applications, is pleased to announce our exclusive partnership with Sital Technology (sitaltech.com), the leader in MIL-STD-1553 IP cores, specializing in integrated FPGA solutions.
Hirose Launches Solution Partner Network to Address Changing Design Challenges
05/06/2024 | HiroseHirose, a leader in the design and manufacturing of innovative connector solutions, has established a Solution Partner Network that enables OEMs to quickly explore product design, specialty IP, and component fulfillment options that best suit their needs.