Security News > 2022 > December > Fear of cyberattacks drives SMBs to spend more on software

Despite fears of a looming recession, SMBs in the U.S. are spending more on software in 2023, according to Capterra's 2023 SMB Software Buying Trends Survey.

75% of U.S. SMBs estimate they'll spend more on software in 2023 compared to 2022.

Not only did 55% of surveyed SMBs purchase IT architecture and security software in the past 12 months, they also rate security as the top priority when purchasing other types of software.

While some SMBs are taking a more cautious approach to software purchases, they may miss out on major long-term gains by avoiding short-term disruption.

While IT teams should be involved in every software purchase to ensure compatibility with existing tech infrastructures, too many SMBs exclude other important stakeholders who can provide more insight into how the software will be used day to day.

Despite the expected increase in software investments, many U.S. SMBs regret their technology purchases.

News URL

https://www.helpnetsecurity.com/2022/12/07/smbs-software-spending-2023/