IT spend among small to medium-sized (SME) companies in the UK is expected to grow by 11 per cent each year to #11.7 billion within five years, according to a report by market research firm, Datamonitor. The study, entitled 'IT in small and medium enterprises', indicates that SMEs are becoming increasingly aware of the benefits of new technology such as multimedia and the Internet, but growth will also driven by the purchase of new PCs. They are also increasingly being targeted by IT suppliers, which are changing their products to make them more suitable for this market. The SME market currently accounts for 21.3 per cent of the total IT spend in the UK, but is expected to rise to 29.3 per cent by 2003.
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