A report by market research firm Access Markets International Partners estimates that Indian SMBs will spend $1.26 billion on Internet-related products and services in 2008, an amazing 35% increase from the last year. Considering the fact that data security and compliance is generally the third or fourth factor in the priority-list of SMBs (after things like infrastructure and accessibility), I am just wondering how much of it can be tapped by non-intrusive and hassle-free models like security-as-a-service? SMBs are still sticking to contemporary offerings due to the lack of awareness. Even a small chunk of the pie will be plentiful. Security companies need special action plan for India now.
Indian SMBs to spend $1.26 billion for Internet services in ‘08
Published by on August 7, 2008
in General, Ideas & Companies and News/ Events.
(1 votes, average: 3 out of 5)
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Indeed great news from the SME sector in India.
Infact you may also like to check out the SME Toolkit launched by IFC & ICICI Bank for SMEs and start-ups http://india.smetoolkit.org
sorry basic question, but what is the definition of a SME/SMB in India? Number of employees? Revenue? Net profit? etc …
Shabbir,
I havent come across a proper definition for a SME. I used to work for a large MNC and they cater only for the fortune 1000. They say anyone outside their fortune 1000 is an SME:-)
vyaas
Not sure about this report, it doesn’t explain what this $1B spend is happening on: stationery, jobs, SaaS, etc.
Nonetheless, a more interesting market than the consumer space. That’s why Naukri rocks: businesses are customers.
I wish there was more info in this report to give some direction as to where entrepreneurs should focus energies.