In mid-January I had pointed to new data about the ‘Resurgence of the Indian SMB Sector’. I believe that SMB segment is a big opportunity for SaaS solutions that are built ground-up for this market.
Now additional data has become available to support that hypothesis. AMI’s has just released its “India SMB Overview and Comprehensive Market Opportunity Assessment Study”. Some highlights…
Survey reveals that 93% of small businesses (1-99 employees) and 86% of medium businesses (100-999 employees) experienced revenue increases in the past year, with 15% of SMBs experiencing an overall increase of over 20%.
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Small and medium businesses (SMBs, companies with up to 999 employees) in India are set to spend just over US $8 billion to beef up their IT infrastructure, up a robust 24% since last year. While computing products will still account for the bulk of IT investments, Internet spending is fast increasing as these enterprises embrace IP-enabled business process services.
More details are here.
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