Lewes, DE -- (SBWIRE) -- 07/06/2015 -- Report forecast the SMB IT market in BRIC to grow at a CAGR of 10.89% over the period 2014-2019.

BRIC countries contributed approximately 38% of the global SMB IT spending in 2014. Technavio predicts that, in BRIC, SMB IT spending will cross $186 billion by 2019 from $111 billion in 2015. Over the past five years, IT spending priorities of SMBs have been redefined because of the growing awareness of the impact of IT on businesses, both top line and bottom line. Therefore, there has been growing focus on server and storage virtualization technologies, mobility, Big data/analytics, business intelligence, cloud computing, next-generation workspace, and collaboration technologies from SMBs. However, some of the challenges faced by SMBs are IT budget, lack of leadership initiative in implementing IT changes, lack of IT knowledge to determine the ROI of IT investment in the business, and lack of skilled workforce.

The report covers the present scenario and the growth prospects of the SMB IT market in BRIC for the period 2015-2019. The market can be categorized into three segments: hardware, software and services.

SMB IT Market in BRIC 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. It covers the market landscape and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market.

According to the report, BRIC believes that SMBs play a vital role in economic and social development because these have a higher growth and employment potential than large enterprises and government sectors. Therefore, below are some of the measures adopted by BRIC to ensure their SMB sector grows domestically and remains competitive, globally. The Brazilian Government not only provides technical assistance to SMBs but also buys from them to help in their growth. It has established a non-profit organization called "Sebrae" with the mission of promoting the sustainable and competitive development of small businesses. Its role is to foster entrepreneurship, provide guidance to help in the growth of small businesses, increase IT adoption, and generate more employment, thereby helping to develop the Brazilian economy.

Key Regions
- Brazil
- Russia
- India
- China

Key players in the SMB IT Market in BRIC: Accenture, Cognizant, Digital China Holdings, HP, Huawei, IBM and Lenovo

Other Prominent Vendors in the market are: Acer, AsiaInfo Linkage, AsusTek, Atos Origin, Capgemini, China National Software, Cisco Systems, Dell, HCL Infosystems, IBS, Infosys, Microsoft, National Computer, Neusoft Group, Oracle, SAP, TCS, Wipro Infotech and Xerox

Market Driver
- Government Initiatives
- For a full, detailed list, view our report

Market Challenge
- Access to Fragmented Market
- For a full, detailed list, view our report

Market Trend
- Focus on First Time Technology Adopters
- For a full, detailed list, view our report

Key Questions Answered in this Report
- What will the market size be in 2019 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?

Spanning over 100 pages, "IT Market for Small and Medium-Sized Businesses in BRIC 2015-2019" report covers Executive Summary, List of Abbreviations, Scope of the Report, Market Research Methodology, Introduction, Market Landscape, Market and Geographical Segmentation of BRIC, Brazil, Russia, India, China, Buying Criteria, Market Growth Drivers, Drivers and their Impact, Market Challenges, Impact of Drivers and Challenges, Market Trends, Trends and their Impact, Vendor Landscape, Key Vendor Analysis.

For further information on this report, please visit- http://www.marketresearchreports.com/technavio/it-market-small-and-medium-sized-businesses-bric-2015-2019

Find all IT Outsourcing Reports at: http://www.marketresearchreports.com/it-outsourcing

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DCS Market in APAC 2015-2019 - visit at: http://www.marketresearchreports.com/technavio/dcs-market-apac-2015-2019

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