Feeds

Europe's SMEs flash the IT cash

Soaring investment

  • alert
  • submit to reddit

Intelligent flash storage arrays

The corporate sector may be torched, the retail punters may be keeping their wallets firmly touched, but small and medium-sized businesses (SMEs) may just save the day for beleagured IT companies.

European SME investment in IT is expected to rise from $76 billion in 2002 to $109 billion in 2006. Expected by whom? Step forward, UK research firm Datamonitor which pinpoints IT services as the fastest growing spend.

Of course, SMEs are notoriously difficult, and expensive, for IT vendors to sell to. This is one reason why the SME market is the least consolidated, so far as vendor share is concerned. Another reason is, as Datamonitor points out, SMEs tend to lean more upon their resellers than upon vendors direct. So it is vital for vendors to cosy up to resellers and telcos if they want to grab a slice of this market.

According to Datamonitor, the SME sector has survived the downturn better than most enterprise sectors.

"Ironically this could be due to their previous lack of investment in technologies and general reticence to spend on IT processes they see as non-essential."

But now IT investment is beginning to build momentum. So far as hardware and networking infrastructure is concerned, Western SMEs are "relatively advanced". The focus on investment is shifting to "software, telecoms and IT services. Investment by SMEs in IT services will demonstrate the greatest growth with an expected CAGR of 13% between 2001 and 2006."

There's more from Datamonitor here. ®

Internet Security Threat Report 2014

More from The Register

next story
WHY did Sunday Mirror stoop to slurping selfies for smut sting?
Tabloid splashes, MP resigns - but there's a BIG copyright issue here
Spies, avert eyes! Tim Berners-Lee demands a UK digital bill of rights
Lobbies tetchy MPs 'to end indiscriminate online surveillance'
How the FLAC do I tell MP3s from lossless audio?
Can you hear the difference? Can anyone?
Google hits back at 'Dear Rupert' over search dominance claims
Choc Factory sniffs: 'We're not pirate-lovers - also, you publish The Sun'
While you queued for an iPhone 6, Apple's Cook sold shares worth $35m
Right before the stock took a 3.8% dive amid bent and broken mobe drama
Inequality increasing? BOLLOCKS! You heard me: 'Screw the 1%'
There's morality and then there's economics ...
prev story

Whitepapers

Providing a secure and efficient Helpdesk
A single remote control platform for user support is be key to providing an efficient helpdesk. Retain full control over the way in which screen and keystroke data is transmitted.
Intelligent flash storage arrays
Tegile Intelligent Storage Arrays with IntelliFlash helps IT boost storage utilization and effciency while delivering unmatched storage savings and performance.
Beginner's guide to SSL certificates
De-mystify the technology involved and give you the information you need to make the best decision when considering your online security options.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.
Secure remote control for conventional and virtual desktops
Balancing user privacy and privileged access, in accordance with compliance frameworks and legislation. Evaluating any potential remote control choice.