Trending...
- KDM Engineering Wins the 2022 Business Diversity Award from the Edison Electric Institute
- Andrew Eshelman Joins Board of Directors of Paxton Patterson
- Do You Have Any Experience With Play-To-Earn Games/NFTs?
Leading Managed Technology Services Provider Shares Significant Findings About IT Growth
SKOKIE, Ill. - illiNews -- Prime Managed Technology Solutions, a leading managed technology services provider (MTSP), recently shared that IT research and consulting firm, Gartner, states that "World-wide 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 software, IT de-vices 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 attributed to employers embracing work-from-home (WFH) or hybrid-work environments, security concerns over cybersecurity breaches and the world's desire to utilize cloud technology. 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.
More on illi News
Vic Levinson, President of Prime Managed Technology Solutions (https://www.primemtsp.com) stated, "IT spending has increased so dramatically because the pandemic forced decision makers to make their or-ganizations more flexible. 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 hy-brid/remote workforce is here to stay and that it will need to be supported with cybersecurity solutions and cloud computing services. The remote workforce, cybersecurity concerns and the whole world's migration 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."
More on illi News
- Latino Leaders Network to Honor Mayor Tim Keller of Albuquerque with Antonio Villaraigosa Leadership Award at the 36th Tribute to Mayors
- Chamberlain University Receives Major Grant from American Nurses Foundation for Practice-Ready, Specialty-Focused™ Program
- Meet the owner of the tech company disrupting an $11.0bn industry
- Procurement Partners Welcomes Troy Thibodeau as Chief Marketing Officer
- Net Diatom diversifies with corporate restructure
Vic Levinson, President of Prime Managed Technology Solutions (https://www.primemtsp.com) stated, "IT spending has increased so dramatically because the pandemic forced decision makers to make their or-ganizations more flexible. 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 hy-brid/remote workforce is here to stay and that it will need to be supported with cybersecurity solutions and cloud computing services. The remote workforce, cybersecurity concerns and the whole world's migration 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."
Source: Prime Telecommunications and Managed Technology So
Filed Under: Business
0 Comments
Latest on illi News
- 54% OFF! Graduation Season Wigs Surprise Sale!!
- Insurance Website Leader, Forge3, Ltd., Releases All-New Platform Interface, ActiveAgency Dashboard
- First Patients Enrolled in IMPACT II Study to Evaluate Attune Medical's ensoETM for Radiofrequency Ablation Procedures
- Stratum Nutrition® Extends Its Patent Portfolio to Europe and Canada
- St. George's School receives gift of $15 million — largest single donation in its history
- Ferrara's NERDS® Tops Non-Chocolate Category in Most Innovative New Product Award from the 2022 Sweets & Snacks Expo
- IPI Partners to Acquire Swiss Data Center Leader Safe Host
- Allstate Returns Cash to Shareholders Through Dividends
- Upcoming Family Office Executive Education Program at the University of Denver
- Various Measures Introduced to and Approved by the Chicago City Council
- DDW22: SonarMD Data Shows Hidden Impact of Mental Health on IBD Costs, Company Expands Access to Support Services
- Volatus Group Beyond Visual Line of Site waiver approved for Censys Sentaero UAS Operations and Training at the Pendleton UAS Range
- Chicago: Mayor Lightfoot and Community Safety Coordination Center Release One Year Assessment of 'Our City, Our Safety' Violence Reduction Plan
- InventHelp Inventor Develops Device to Hold Fluorescent Lightbulbs (CCP-1549)
- GTM Increases Sponsorships for National Women's Shooting Organizations
- Inventhelp Inventor Develops a Specialty Device Used to Prevent the Spread of Illness (CHK-147)
- Howie Mandel Joins NOCD to Change the OCD Conversation
- Average American Spends $78 On Jewelry Annually, Finds New CWC Jewelry Market Study
- OBL Crowns Chicago Regional Champion at Hope Academy Athletic Center and Awards $10,000 First Prize
- CARS.COM REPORTS 82% OF HOLIDAY TRAVELERS WILL ROAD-TRIP THIS MEMORIAL DAY, WITH MORE THAN HALF CARPOOLING TO SAVE ON GAS