TECH SUPPLIER Nov 2021 - Market Perspective - Doc # EUR148361721

SMBs' COVID-19 Recovery: How Are Small and Midsize Enterprises in Different European Countries Adapting to the New Normal?

By: Riccardo BarraiResearch Analyst, European Services Group, Simone De Bruin, Associate Research Director European Partnering Ecosystems, SMB & Startup Strategies

Abstract

This IDC Market Perspective covers the COVID-19 recovery status for European small and medium-sized enterprises (SMBs) and some insights on the outlook for 2022. Data-driven insights and country-level data is derived from IDC's 2021 European Industry Acceleration Survey of over 800 SMBs. Within this survey, SMBs are defined as businesses with a workforce ranging from a minimum of 10 to a maximum of 500.

"Despite the COVID-19 pandemic, European SMB spending on technology has remained resilient these past two years. As most respondents in our survey claimed to have already started their recovery journeys, we expect an increase in SMB technology spending in 2022," said Riccardo Barrai, research analyst, European Small and Medium-Sized Business and Start-Up Strategies.


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