IT budgets have risen as small and medium businesses spend increased finances growing their IT infrastructure, according to a data from Spiceworks State of SMB IT survey.

SMBs with less than 1,000 employees have increased by 15 percent year-on-year with last year seeing a six percent rise from the second half of 2011 to the first half of 2012.

This growth equals an average current annual budget of £94,000, a rise of 5,500 from the second half of last year as SMB increase spending on new technologies including tablets and smart phone applications, as well standard technologies and IT services.