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Forecast: Small and Midsize Business IT Spending, Worldwide, 2019-2025, 1Q21 Update
IT spending by small and midsize businesses will recover with 4.0% growth in 2021 after spending contracted by 4.4% in 2020. Growth will accelerate in the next five years with a five-year CAGR of 6.1%. Software and IT services spending will lead the overall SMB spending.