SMB spending on IT services 2019 and 2023

This statistic shows the IT services spending of small and medium sized businesses on business applications, collaboration tools, cyber security and remotely managed IT services, split by on-premises and cloud-based solutions. According to the source, spending on cloud-based solutions is forecast to grow strongly up to 2023, when the market is projected to reach 252 billion U.S. dollars. Spending for on-premises IT services on the other hand is expected to stay almost flat over the next five years.

Small and medium business spending on business applications, collaboration tools, cyber security, and remotely managed IT services worldwide in 2019 and 2023

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Source

Release date

May 2020

Region

Worldwide

Survey time period

2019 and 2023

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