"The downturn had a devastating impact on SMBs worldwide," explained Ray Boggs, IDC vice president for Small/Medium Business and Home Office Research."Moving forward, small businesses will not follow the past pattern and return to pre-recessions spending levels more quickly than midsize firms. Instead, SMBs of all sizes will remain cautious with their IT spending over the next several years."
SMBs in developing regions will grow their spending faster than those in North America, Western Europe, and Japan, which account for about 70% of worldwide SMB spending on technology. Those areas will see spending growth in the 3-4% range. IDC expects spending in the Asia/Pacific and Latin America markets to grow more than 7% over the next five years, and growth in Central and Eastern Europe, Africa, and the Middle East will be higher still.
The analysts expect hardware spending -- PCs and peripherals -- to grow the fastest, with "packaged software outlays" next and systems and storage spending bringing up the rear.
The full 25-page report is available for $4,500 at the IDC site.
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