Tech Adoption Index: Global Small Business IT Spending to Top $186 Billion in 2018

new forecast from technology research firm IDC, projects that SMB IT spending will hit $600 billion in 2018 and reach nearly $700 billion by 2021 – growing at nearly 5% a year.

According to the press release announcing the forecast, IDC divides the SMB market into two buckets: mid-sized and small. Mid-sized businesses (with employee size ranging from 101-999) will spend more than $400 billion worldwide on IT this year while small businesses (1-99 employees) are expected to spend $191 billion.

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