SALISBURY, MD – January 21, 2022 – Telewire, Inc., a leading managed technology ser-vices provider (MTSP), recently shared that IT research and consulting firm, Gartner, states that “Worldwide IT spending is projected to total $4.5 trillion in 2022, an increase of 5.5% from 2021. The three largest subcategories of that $4.5 trillion forecast are enterprise soft-ware, IT devices and IT services, which will increase 13%, 15% and 11%, respectively. To put these numbers into perspective, total IT spending will increase by approximately $230 billion, which an amount equal to 100% of the federal corporate income taxes collected by the US government in 2019. This is a monumental amount of growth which can likely be at-tributed to employers embracing work-from-home (WFH) or hybrid-work environments, se-curity concerns over cybersecurity breaches and the world’s desire to utilize cloud technol-ogy. For small to mid-sized businesses (SMBs) this means that they will have more access to enterprise-level technology solutions, which will empower them to drive productivity and increase their bottom-line, if they position themselves properly.
Bryan Murfree, President of Telewire stated, “IT spending has increased so dramati-cally because the pandemic forced decision makers to make their organizations more flexi-ble. They’re starting to understand the increased potential that they have to become more efficient with the latest in technology. Small to mid-sized businesses are following suit with larger companies in IT spend because they realize that the hybrid/remote workforce is here to stay and that it will need to be supported with cybersecurity solutions and cloud compu-ting services. The remote workforce, cybersecurity concerns and the whole world’s migra-tion to cloud computing are all driving IT spend to unprecedented levels. The opportunity that SMBs need to take advantage of now is to become an early adopter, so that they can wedge technological advantages in between themselves and their competitors. Those who work with these trends are likely to amplify their successes, whereas those who ignore the future of work are likely to become irrelevant.”
With an increasing number of ransomware attacks in the mainstream media, cyberse-curity vulnerabilities have become glaringly apparent in major corporations. However, this spending increase suggests that the major organizations will be investing at even higher lev-els to fortify their defenses from hackers, which will ultimately give hackers only one place to turn; small to mid-sized businesses. For most small businesses their IT defense strategy is to simply hope they aren’t a target; however, as larger enterprises increase their spending and become tougher to break into, unprepared SMBs will unfortunately become an ideal tar-get. The growth in spending has also spurred innovation in the cybersecurity industry, which means that there are plenty of IT solutions available which can mitigate or even eliminate these threats at cost-effective rates, so that business owners can rest assured that their or-ganization is insulated from cybersecurity concerns.
SMBs will also have a huge demand for cloud computing because of its inherent scalability, flexibility and superior capacity to reallocate resources based on short-term de-mands. Cloud computing is enabling small businesses “temporarily copy” the infrastructure of S&P 500 companies when they need it and then they can reduce their usage and ex-penses when they don’t need it. This is having huge implications insofar as leveling the play-ing field so that SMBs can now compete with larger companies that used to be impossible for them to contend with, as long as they have the right technology at their disposal. Cloud computing has become the building blocks for the future of all organizations, which is why
Microsoft Azure is becoming one of the industry standards for cloud computing, especially amongst SMBs.
“All of this increased IT spending is reflective of a world that is accelerating its migra-tion into a fully digital world, when we thought things were already moving in that direction as fast as they could,” added Mr. Murfree. For SMBs, they ought to participate in this transi-tion so they can uncover opportunities to strengthen their offerings, increase their market share and enjoy higher profits, before they are left behind.”
ABOUT TELEWIRE, INC.
Telewire has established strategic partnerships with a spectrum of leading-edge business system providers, enabling the company to deliver the most advanced, secure applications, including Secure Cloud Computing, Advanced Cybersecurity Solutions, IP Telephony, and Multi-Node Networking. With over 30 years of industry experience, Telewire has the resources and expertise to find solutions to any business issue. Regardless of the size, Telewire can design a system that is efficient, user-friendly and cost-effective. For more information, please call 800-787-2355, or visit www.telewire-inc.com.
