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Forecast: Small and Midsize Business IT Spending, Worldwide, 2019-2025, 3Q21 Update
IT spending by small and midsize businesses will reach 7.5% in 2021 compared to an expected 6.8% growth in our 2Q21 iteration. The upward trends suggest rapid recovery of the SMB in the global market. Software spending will lead the overall spending with an 11.4% five-year CAGR.