Cloud computing to dominate SME’s ICT spend

June 1, 2013

cloud-computingAt a time when overall business growth in India has slowed significantly and the national GDP shows only a marginal rise the India small and medium business segment (SMEs, 1-999 employees) can be viewed as a beacon of hope. India SMEs show a 14 percent year-on-year rise in Information and Communication Technology (ICT) expenditures and their adoption of technology is likely to continue to increase.

This is a direct result of their need to utilize ICT tools to overcome nagging business challenges. An analysis of these markets reveals that small businesses are likely to marginally overtake their medium business compatriots vis-à-vis annual ICT spending growth rate. These findings have emerged from the 2013 India SME ICT & Cloud Services Tracker Overview study by New York-based Access Markets International (AMI) Partners, Inc.Source

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