• FEATURED INFOGRAPHIC

    FEATURED INFOGRAPHIC

    2022 Top 10 SMB Business Issues, IT Priorities, IT Challenges
    GET IT NOW
  • 2022 SMB & MIDMARKET PREDICTIONS

    2022 SMB & MIDMARKET PREDICTIONS

    Top SMB & Midmarket Predictions for 2022
    READ NOW
  • 2022 CHANNEL PREDICTIONS

    2022 CHANNEL PREDICTIONS

    Top SMB & Midmarket Predictions for 2022
    READ NOW
  • SIMPLIFY. EXPAND. GROW.

    SIMPLIFY. EXPAND. GROW.

    #SMB #MIDMARKET #UPPER MID-MARKET #CHANNEL
    LEARN MORE
  • NEXT CHANNEL - THE FUTURE OF PARTNER ECOSYSTEM

    NEXT CHANNEL - THE FUTURE OF PARTNER ECOSYSTEM

    Networked, Engaged, Extended, Hybrid
    DOWNLOAD NOW
  • BUYERS JOURNEY

    BUYERS JOURNEY

    Influence map & care-abouts
    LEARN MORE
  • CLOUD RESEARCH

    CLOUD RESEARCH

    SMB & Midmarket Cloud Adoption
    LATEST RESEARCH
  • DIGITAL TRANSFORMATION

    DIGITAL TRANSFORMATION

    Delivering Connected Business
    LEARN MORE
  • SECURITY RESEARCH

    SECURITY RESEARCH

    SMB & Midmarket Security Adoption Trends
    LATEST RESEARCH
  • MANAGED SERVICES RESEARCH

    MANAGED SERVICES RESEARCH

    US SMB & Midmarket Managed Services Adoption
    LEARN MORE
  • CHANNEL PARTNERS

    CHANNEL PARTNERS

    Transformation or Consolidation
    LATEST RESEARCH
  • ANALYTICS & ARTIFICIAL INTELLIGENCE

    ANALYTICS & ARTIFICIAL INTELLIGENCE

    SMB & Midmarket Analytics & Artificial Intelligence Adoption
    LEARN MORE
  • WHITE PAPER

    WHITE PAPER

    SMB Path to Digitalization - Prologue and Epilogue
    DOWNLOAD
  • HYBRID WORK IS HERE TO STAY?

    HYBRID WORK IS HERE TO STAY?

    NOT SO FAST SAYS THE DATA
    ANALYSIS
  • SAAS RESEARCH

    SAAS RESEARCH

    US SMB & Midmarket SaaS Adoption
    LEARN MORE
  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
2 minutes reading time (471 words)

Worldwide Midmarket IT spending is forecast to reach USD993 billion in 2022

Techaisle's latest survey research forecasts worldwide midmarket (100-5000 employees) IT spend (excluding telecom services) will reach US$993 billion in 2022. Cloud-managed services are an integral component of IT services and are seeing accelerated spending. Overall IT services will grow by 7.2% from 2021. Midmarket firms are increasing IT spending for cloud optimization, application modernization and migration, and IT modernization. In addition, there is an increased demand for container deployment, microservices, open-source, API management, hybrid cloud workload management, and security and compliance management.

Increasing profitability, driving innovation, and improving the supply chain are the top three business challenges being addressed by midmarket firms. Within 85% of firms, IT is seen as a source of innovation, and 79% expect IT to deliver faster business outcomes. Over 20% of midmarket firms have internal teams dedicated to “finding ‘what’s next?’ technology-driven innovations,” and 40% “have IT budgets specifically for technology-driven innovation;” 11% report that they have embedded IT professionals within business units, charged with finding innovative technology solutions to achieve business objectives.

The scope of technology – the areas and ways that IT is deployed – has snowballed in the last two years. Midmarket firms are expanding the reach of their systems of record’, enhancing ‘systems of engagement,’ and deploying ‘systems of insight’ (data-centric solutions providing analytics support to executives, front-line workers, and line management).

Ongoing tech innovation combined with centralization of computing resources, process automation, and the need for rapid “scale-up” and “scale-in” of computing output and productive capacity, managed via software-based monitoring systems, is driving investments into the data center solutions, which will grow by 3.5% in 2022 from 2021.

The pace of technology change is accelerating. The move from methodical requirements-based waterfall systems development to agile processes that connect users and developers in rapid, iterative sprints is gaining traction. The pandemic demanded an immediate transition to digital alternatives. However, midmarket firms lack developer skill sets and turning to hyperscalers and cloud business application providers for cloud deployment. As a result, cloud spending within the midmarket will grow by 22%. SaaS adoption will see the highest growth rate at 27%.

The cloud has lowered the barriers to adopting new systems, giving businesses access to applications and infrastructure resources that would have been well beyond their means five years ago. However, cloud, and hybrid IT, have posed other challenges: difficulties in integrating systems with business processes and in integrating data across applications; difficulty in securing systems that are based in multiple locations and managed by various organizations, each with its own set of operational rules; difficulty in applying appropriate levels of security and governance to an ever-expanding pool of data that moves at accelerating pace through an ever-more-complex constellation of systems, users and locations. Despite these challenges, data suggests enormous scope for cloud growth.

In 2025, 43% of midmarket IT spending will be cloud.

SMBs Make Cloud Calling and Collaboration a Priori...
Xero is the empowering cloud accounting software f...
Comment for this post has been locked by admin.
 

By accepting you will be accessing a service provided by a third-party external to https://techaisle.com/

Search Blogs

Find Research

Blog Archive

Research You Can Rely On | Analysis You Can Act Upon

Techaisle - TA