Time to Upgrade

A new study finds a big lean toward new tech investment.
Magazine Contributor
1 min read

This story appears in the September 2010 issue of . Subscribe »

There's no doubt that 2009 saw many small businesses entrench themselves in survival mode. But as business owners start to emerge from their chrysalides, many of them have some financial breathing room and are flitting ahead withnew investments.

Tops on many priority lists? Tech--in particular, capital investments in new computer hardware to replace equipment that has been in service far longer than initially intended. A survey of 1,250 small- to medium-size businesses conducted by IT company Spiceworks this spring found a big lean toward new tech investment.

  • Small- to medium-size businesses will increase their IT spending by about 9 percent this year, compared with a 1 percent decrease in 2009.
  • As much as 47 percent of IT budgets will be dedicated to new hardware.
  • The number of desktops and servers more than 4 years old increased by 14 percent in the last six months of 2009.
  • The number of laptops older than 4 years increased by 22 percent.
  • Of the businesses surveyed, 80 percent said they will buy some type of new hardware in 2010.

More from Entrepreneur

Grow Your Business at Entrepreneur LIVE! Join us on Nov. 16 in Brooklyn, NY, to learn from legends like Danica Patrick and Maria Sharapova, pitch our editors, meet with investors, and potentially walk away with funding!
Register here

One-on-one online sessions with our experts can help you start a business, grow your business, build your brand, fundraise and more.
Book Your Session

In as little as seven months, the Entrepreneur Authors program will turn your ideas and expertise into a professionally presented book.
Apply Now

Latest on Entrepreneur

My Queue

There are no Videos in your queue.

Click on the Add to next to any video to save to your queue.

There are no Articles in your queue.

Click on the Add to next to any article to save to your queue.

There are no Podcasts in your queue.

Click on the Add to next to any podcast episode to save to your queue.

You're not following any authors.

Click the Follow button on any author page to keep up with the latest content from your favorite authors.