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Small Biz IT Spending To Recover Slowly

Framingham-based market research firm IDC is projecting that spending on information technology by small and medium-sized businesses will increase by 5.5 percent between this year and 2014.

That’s a slower pace than previously reported by IDC. The company said small and medium-sized businesses were hit harder by the recession than previously thought.

The firm said worldwide small businesses spending on IT will grow to nearly $629.3 billion in 2014.

“Despite the $17.4 billion spending increase expected in 2010, SMB IT spending levels will not return to 2008 levels until 2011,” IDC said.

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