Midsize companies drive IT spending in Western European small and medium business market, says IDC.

0 Comments | M2 Presswire, June, 2003

M2 PRESSWIRE-13 June 2003-IDC: Midsize companies drive IT spending in Western European small and medium business market, says IDC(C)1994-2003 M2 COMMUNICATIONS LTD RDATE:06132003 MILAN -- The Western European IT market will be worth $286.9 billion by 2007, growing at a CAGR of 5.6 between 2003 and 2007, according to IDC's latest IT spending forecast study.

In the short term, however, IT spending will be subdued and show only a slight increase. As a consequence it becomes increasingly important for IT vendors to segment the market to correctly identify business opportunities. Small and midsize businesses (SMBs, with up to 500 employees) will be the largest IT investors over the next five years, with an average quota of 52.7. However, IDC believes that IT...