November 23, 2004

Highlight: Slowing IT Budget Growth For SMBs

by Meredith Morris

with Natalie Lambert

Executive Summary (This is a document excerpt)

In 2004, SMBs increased their IT spending by an average of 6.6% over 2003. In 2005, growth will slow with SMB budgets only increasing by an average of 4.8%. However, finance and insurance firms and utilities and telecom firms expect their budgets to rise more than the average, increasing 8.3% and 7.3%, respectively.

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