Small Business IT Investment Picture Improving: Report
The small business IT Growth Monitor increased five points from October to 54, a record high since December 2007.The budding recovery in IT investment that started to take shape in 2010 appears to be heading for an uptick in 2011 as small businesses report a positive outlook on IT investment for their organizations. According to the latest CDW IT Monitor, which has been tracking IT sentiment since the beginning of the recession in 2007, 49 percent of IT decision makers at small businesses expect to replace or install new hardware in the next six months, up 10 percentage points from the October IT Monitor. The confidence level among small businesses was also echoed in the medium business segment. Ninety percent of IT decision makers at midsize businesses expect to purchase new hardware in the next six months, also up 10 percentage points since October 2010. The small business IT Growth Monitor, which measures IT investment expectations, increased five points from October to 54, a record high since December 2007.
Rising growth expectations among SMBs (small and midsize businesses) are influencing sentiment across the entire corporate sector, according to the report, despite a leveling-off in the large business sector, which showed greater optimism earlier in 2010. Three-quarters or more of overall corporate IT decision makers anticipate replacing or installing hardware (75 percent) or software (78 percent) in the next six months-a record high in the corporate sector since the launch of the IT Monitor in December 2007.