No Bull, SMBs Bullish on Business Growth in '08

Ann All

At a time when analysts are issuing bearish outlooks for tech spending in 2008, the SMB sector looks like it could be a bullish exception.


Forty-five percent of companies with fewer than 1,000 employees surveyed by the Computing Technology Industry Association (CompTIA) say they expect business growth of at least 10 percent over the next 12 months, reports InformationWeek.


Twenty-one percent expect growth to exceed 20 percent, and 90 percent of them plan to hire new full-time employees during the same period. Thirty-three percent plan to open at least one new business location.


The respondents represented companies in the U.S., Canada and the United Kingdom.


Their optimism appears likely to help spur tech investment. Technologies in which SMBs expect to invest in 2008: secured data backup, storage, and disaster recovery (29 percent); IP telephony (24 percent); server virtualization and consolidation (19 percent); Wi-Fi (18 percent); and storage area networks (13 percent).

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