UK SMB spending on managed security reached $42 mln in 2007

Small and medium businesses (SMBs, or companies with up to 999 employees) in the United Kingdom spent $12 bln on IT services in 2007, up some 8% over 2006. Up to 29% of the over $40 bln in IT and telecom spending by UK SMBs went towards IT services. In terms of spending, software development and integration, day-to-day IT management and process management are dominant categories for SMBs in the UK. As demand for third-party services continues to broaden, expenditures for services in other IT categories are increasing. Total SMB spending for managed security services reached $42 mln in 2007 and storage services climbed to a substantial $388 mln, up some 20% over in 2007.