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Worldwide SMB IT Spending to Top $676 Billion in 2021, Driven by Software and Services Growth, According to IDC

A new update of the Worldwide Semiannual Small and Medium Business Spending Guide from International Data Corporation (IDC) forecasts that total IT spending by small and medium-size businesses (SMBs) will approach $568 billion in 2017 and increase by more than $100 billion to exceed $676 billion in 2021. With a five-year compound annual growth rate (CAGR) of 4.5%, spending by businesses with…

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Telecommunications and Utilities at the Forefront of Digitalization Investment in Central and Eastern Europe, Says IDC

IDC’s recently published Semiannual IT Spending Guide: Industry and Company Size, H2 2016 shows very dynamic spending growth among telcos and utility firms, which will reach $11.69 billion in 2018 (for the two sectors combined) and will record a compound annual growth rate (CAGR) of 5.3% through 2021. Telcos and utilities will be the main drivers of the hardware market in the…

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