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Information Technology is no longer simply an added function of a business, it is now a major driving force in achieving greatness. Statistics show that the most successful businesses have the ability to adapt to new technology. In conjunction with this trend, businesses are increasingly realizing their need to utilize an IT partner to keep up with the IT growth within their organizations.
In April of this year, Gartner reports Global IT Spending in 2018 will experience the highest increase at 6.2% up from 3.8% in 2017.
John-David Lovelock, research vice president at Gartner said, “This is the highest annual growth rate that Gartner has forecast since 2007 and would be a sign of a new cycle of IT growth.”
In addition to Gartner’s IT Spending Trends report, International Data Corporation (IDC) conducts a similar semi-annual study. The 2018 IDC report focuses on “Global IT Spending for the SMB,” predicting small and mid-sized businesses will spend a collective $602 billion on IT software and services.
Spending on IT products and services by the SMB is at an all-time high and for good reason. The value that information technology presents to businesses of all sizes cannot be debated when considering the trends of the last decade. Budgeting for technology upgrades and developing a plan for technology investment for the future of your business used to be an afterthought. In the age of digital transformation, budgeting for technology is now the main conversation.
References:
https://www.gartner.com/newsroom/id/3845563
http://www.channelpronetwork.com/news/worldwide-smb-it-spending-top-676-billion-2021-driven-software-and-services-growth-according
https://www.idc.com/getdoc.jsp?containerId=prUS43565918