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The latest Spiceworks “State of SMB” Survey has been published and shows positive news  for SMB’s IT budgets.

The research indicates a  7% increase in the amount of funding available for technology investment, compared to the first half of the year.The company found that the average annual SMB IT budget is £102,000, up from the £96,000 reported in May. Allocations for EMEA budgets are identical to plans worldwide with 40% going to hardware, 34% going to software, and 26% going to IT services.

An area of high growth was cloud computing, with 53% now using cloud based services.During the first half of 2013, 73% of SMBs plan to have implemented cloud services.

To see how technology had helped other SMBs run like never before, visit our 50 customers in 50 days page and see how other customers are using technology to support business growth.

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