Elance Blog

Survey: Small Business To Increase Tech Spending

Yesterday in the Wall Street Journal, Sarah E. Needleman wrote about a recent survey that revealed small and midsize businesses are planning to increase their spending on technology over the next 12 months.

CompTIA, a nonprofit trade association for the technology industry, polled 602 IT professionals at firms with up to 499 employees in May. The findingsof their Third Annual Small and Medium Business Technology Adoptions Trends study show that one-third of respondents expect to increase their IT budgets by 10% or more, with most looking to improve network efficiencies, among other goals. Seven out of ten small and medium-sized businesses (SMBs) surveyed said they expect to increase their technology spending over the next 12 months.

From the study:

“Technology is more accessible, more affordable and more available to SMBs than ever before,” said Seth Robinson, director, technology analysis, CompTIA. “SMBs may not have an abundance of capital to invest, so they have to make every dollar count. But the majority is willing to spend money on new technologies, especially solutions that give them capabilities on par with a larger enterprise. Technology plays an integral role in the life of a small business.”

The complete study is available at no cost to CompTIA members or by contacting research@comptia.org.