• SMB IT Budgets are Growing!

    Improving SMB IT budgets are feeding a growth in spending plans. Up 8%, this budget increase is the largest in the past 18 months and double the 4% in the last half of 2010.

    Averaging $132K per year, more SMB IT pros (29%) are seeing larger budgets (includes intended spend across all IT hardware, software and services but does not include staffing), while fewer SMB IT professionals are seeing their budgets wither (19%, down from 31% eighteen months ago).

    And just how is the financial windfall to be spent? Core technologies still make up the largest portion of the IT budget. The real news is the additional budget allocation for what to this point SMB IT pros have referred to as “emerging technologies” – hosted and cloud services.

    Twenty-six percent of IT budgets are earmarked for hosted and cloud services, up from 19% this time last year, a whopping 37% increase. The “back forty” still holds as 40% percent of IT budgets are set aside for hardware projects, down 15% (from 47%) at the end of 2010. This reallocation of IT budget to hosted services further supports that SMB IT pros are using more hybrid solutions in their networks as less hardware will be added into IT networks in the first half of 2011.

    Reginald Herde is director of marketing at Austin, TX-based Spiceworks, the fastest growing IT social business network with 1.6 million SMB IT professionals who buy and manage $268 billion worth of technology products and services each year.  He can be reached at reginald@spiceworks.com.  To read the entire Voice of IT report, click here.  Follow Spiceworks on Twitter @SpiceWired.

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