Existing research suggests that small and medium sized enterprises form a dynamic and important part of the
economy in most countries (Wolf, 2001; Matthews, 2007). Moreover, according to Alam and Noor (2009) SMEs
account for more than half of all business and over half of all employment in the developed countries (including
Australia and United Kingdom); in Europe SMEs represent around 99 per cent of the total number of companies
(Lopez-Nicolas & Soto-Acosta, 2010). Therefore, the limited amount of research concerning ICT adoption and
effects on SMEs has been indication of the fact that SMEs started to use ICTs relatively recently.