Expect Very Slow Growth in Hardware Spending, IDC Says

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Software will surpass both hardware and services to become the largest category of SMB IT spending by 2020, according to research released Monday by IDC, as businesses continue to deploy workloads to the cloud.

The Worldwide Semiannual Small and Medium Business Spending Guide predicts that the overall market will grow at a 4.2 percent CAGR from $564 billion in 2016 to $668 billion in 2020.

Read full: TheWhir.com

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