Small firms increasing IT budget, poll finds

Posted: May 17, 2010 in Market Research

Small companies are planning to spend more on technology this year, it has been claimed, which could be good news for IT outsourcing.

survey of over 1,000 technology professionals by Spiceworks revealed
that the average IT budget for the next year has increased by nine per
cent, with 43 per cent of small and medium-sized businesses reporting a

The poll also showed that, on average, 47 per cent of IT
budgets are earmarked for new hardware purchases, 34 per cent are
allocated to software and 19 per cent will be spent on IT services.

Hallberg, co-founder and vice president of marketing for Spiceworks,
commented: “The technology spending slowdown among small and medium
businesses seems to be over.”

Last month, technology market
analyst IDC predicted that small firms will increase their IT budgets
by 5.5 per cent in the years from 2010 to 2014 to reach a collective
value of more than $629 billion (£406 billion).

Source: iHotDesk.Com


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