Feeds

Big spending small firms lead IT recovery

Playing catch-up

  • alert
  • submit to reddit

Internet Security Threat Report 2014

Small companies are the driving force behind a large increase in spending on business IT equipment over the last quarter, a new report has revealed.

The research, conducted by Computer Weekly and Kew Associates, found that IT spending rose by 5.2 per cent in the last three months of 2003, up from 3.9 per cent in the previous quarter.

Small firms were particularly keen to splash out of new technology, with start-ups increasing their spending on IT equipment by 7.5 per cent over the last quarter, compared with a rise of just 3.9 per cent in larger companies.

The report attributs the rise in spending, the best growth in 18 months to increased optimism over the economy.

Firms in the services sector experienced the largest rise in IT spending, with a increase of 5.5 per cent in new equipment, while the production industry, buoyed by the recovery in the manufacturing sector, saw an increase of 3.3 per cent.

The increase in IT activity suggests that the downturn in the industry, the worst of its kind in 10 years, could be nearing an end.

Kris Wicka, director at Kew Associates, said: “Small firms are still playing catch-up with larger firms when it comes to IT expenditure, so the difference in spending may continue in the future.”

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?
Inequality increasing? BOLLOCKS! You heard me: 'Screw the 1%'
There's morality and then there's economics ...
Google hits back at 'Dear Rupert' over search dominance claims
Choc Factory sniffs: 'We're not pirate-lovers - also, you publish The Sun'
EU to accuse Ireland of giving Apple an overly peachy tax deal – report
Probe expected to say single-digit rate was unlawful
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
prev story

Whitepapers

A strategic approach to identity relationship management
ForgeRock commissioned Forrester to evaluate companies’ IAM practices and requirements when it comes to customer-facing scenarios versus employee-facing ones.
Storage capacity and performance optimization at Mizuno USA
Mizuno USA turn to Tegile storage technology to solve both their SAN and backup issues.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
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.