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Financial services out in front as IT spending increases

James Henderson | Feb. 13, 2017
Consumer spending on mobile devices and PCs continues to drag on the overall IT industry

“Global SMB software spending will surpass that of hardware in 2018, upending traditional IT spending habits,” IDC vice president of analysis, Christopher Chute, added.

“More mature SMBs already recognise the value of linking software investments to business processes, and by the end of the forecast, we expect most mid-market firms will be on a path to embrace digital transformation.”

According to findings, changing SMB attitudes regarding the importance of technology investment cut across company size and region categories.

“Small and midsize firms in developing geographies are just as interested in leveraging technology as those in developed regions,” IDC vice president of SMB Research, Raymond Boggs, added.

“This sets the stage for spending growth everywhere, especially in midsize firms.”


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