Apr
24

Virtualization impacts SMB tech spending

Virtualization impacts SMB tech spending

April 24
By

The United States’ 8 million small and medium-sized businesses are expected to combine to spend $138 billion on IT this year, accounting for 25 percent of global SMB investments and 10 percent of the overall enterprise sector, according to IDC. Virtualization is one technology that’s having a profound effect on how SMBs allocate their funds.

In IDC’s latest report, researchers noted that SMBs have expressed enthusiasm for virtualization recently and that such feelings are impacting the server and storage market. As more companies deploy the technology, the report noted, “virtualization is expected to slow the growth of the server installed base.”

Overall, the results of the study demonstrate the fact that SMB tech spending has officially rebounded from the decline it experienced in 2008 and 2009. The small business segment, specifically, will actually spend twice as much as their mid-sized counterparts this year, IDC said.

An early April report from fellow research firm Gartner noted that overall global IT spending should reach $3.7 trillion in 2012 for an increase of 2.5 percent. That figure is actually lower than the 3.7 percent increase the company’s analysts originally predicted.