SME's to account for 53% of total IT spend in W. Europe in 2005.Small and medium businesses (with 1-499 employees) will account for around 53% of total IT spending in Western Europe Western Europe The countries of western Europe, especially those that are allied with the United States and Canada in the North Atlantic Treaty Organization (established 1949 and usually known as NATO). in 2005, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. a new IDC study. After years of slow growth, IT demand in the small business (1-99 employees) sector is expected to increase between 2004 and 2009. Many small businesses, usually defined as laggards, are catching up at a steady pace. Spending by midsize businesses (100-499 employees) will grow at 4% in 2005. In view of the increasing availability of solutions fitting their needs, and with a more strategic approach to IT investments, these companies are a very attractive segment for IT vendors. Low-end large businesses (500-999 employees) will record the highest growth rate among all size segments in 2005, at 4.8%, with government and healthcare institutions showing the most dynamic growth rates Growth Rates The compounded annualized rate of growth of a company's revenues, earnings, dividends, or other figures. Notes: Remember, historically high growth rates don't always mean a high rate of growth looking into the future. . High-end large businesses (1,000+ employees) are expected to return to higher than average growth rates towards the end of the forecast period, when IDC expects these companies to be the leaders of IT spending growth once more. The study, Western European SMB (1) (Small to Medium-sized Business) Also called "SME" (small to medium-sized enterprise), it refers to companies that are larger than the small office/home office (SOHO), but not huge. IT Spending Forecast 2004-2009 (Doc #MMOIM, May 2005), analyzes IT spending trends among Western European companies for the period 2004-2009. It also offers a quantitative analysis Quantitative Analysis A security analysis that uses financial information derived from company annual reports and income statements to evaluate an investment decision. Notes: of IT spending by vertical market and company size and a qualitative analysis Qualitative Analysis Securities analysis that uses subjective judgment based on nonquantifiable information, such as management expertise, industry cycles, strength of research and development, and labor relations. focusing on the key factors shaping SMB IT demand in the forecast period. www.idc.com |
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