SMB IT Spending Inside the Mind of Small Business Owners

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SMB IT Spending Inside the Mind of Small Business Owners

Within the next three years, the U.S. SMB tech support market will be worth more than $15 billion, according to analysts at Parks Associates.

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IDC predicts that SMBs will spend more than $125 billion on advanced technology in 2011.

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That’s $5 billion more than what they spent in 2010.

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70 percent of SMBs said they’ll increase their tech spend over the next 12 months, according to a recent CompTIA survey.

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One third of companies expect to increase their budget by 10 percent or more&#151CompTIA believes this reflects large, one-time purchases.

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On average, SMB IT budgets will increase by just over 5 percent, according to survey participants.

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Biggest factors driving buying decisions:• Better network efficiencies and robustness• Improved connections with customers online and in a mobile environment• Enhanced resource management and tracking• More business analytics

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42 percent of SMBs have mobile technologies in place and 33 percent plan to buy more within the next 12 months.

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Nearly one-third of SMBs have adopted cloud computing technology and another 35 percent of all SMBs plan to use the cloud in some form in the next year.

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Storage and backup solutions are the most heavily used cloud applications with 71 percent of SMBs using the cloud in this way.