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November 23, 2004 Highlight: Slowing IT Budget Growth For SMBsby Meredith Morris with Natalie Lambert |
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Executive Summary
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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