AMI's Leading Trends Impacting India SMBs in 2016
The Indian economy is forecasted to show strong growth with SMBs being the key drivers of economic prosperity. The mood of the nation, and specifically that of SMBs, is relatively optimistic. There is a strong belief that things will get better and revenues will increase. This positive sentiment is expected to drive investment in operations, manpower and technology.
New York, NY - New York, January 27, 2016 (Newswire.com) - AMI-Partners examined some of the leading trends which will impact the India SMB universe in 2016, specifically:
- Social E-Commerce
Online marketplaces have already revolutionized India’s retail and service sectors, expanding opportunities for SMBs’ to grow their customer base and scale of operations. Now social media platforms are getting in on the act, with online shopping on social media platforms gaining traction.
The growing presence of SMBs on Facebook, Twitter and other platforms has already created a fan following and a receptive audience for these businesses. Today, according to AMI’s India Small and Medium Business ICT & Cloud Services Tracker Overview, more than 60% of India SMBs use some form of social media. Now, with the social media presence well established for marketing and advertising purposes, online sellers are increasingly conducting various social selling experiments and some are even able to sell directly without requiring an online store anywhere else other than social media platforms.
- On-Premise Infrastructure vs. the Cloud
India SMBs have already started transitioning to the cloud with interest in remote managed services and software-as-a-service remaining high. In 2016, AMI anticipates seeing a greater interest in cloud infrastructure as SMBs look for ways to quickly scale up infrastructure to keep pace with business growth while maintaining flexibility in terms of payments on an as-needed or monthly basis.
Additionally, more and more CIOs and IT Managers are focusing on preventing data loss, ensuring system backups and disaster recovery solutions as they realize the greater strategic importance these functions are for the organization. Cloud backup and disaster recovery solutions present an affordable, more easily manageable and flexible alternative to on-premise solutions.
- Correlation & Integration between Devices and Teams
With the divide between personal and official devices long breached, SMBs now see employees accessing company data across a plethora of platforms – PCs, tablets, smartphones…..wearables may be next! This has increased the complexity for IT departments not only to ensure data security, back-up and regulated access across devices but also to ensure seamless operation across all devices and across all platforms.
With collaboration and coordination the norm in workplaces today, there is a greater need to ensure all devices and solutions “talk” across all platforms.
- Business Intelligence and Analytics
“Analytics” has been a key buzzword in recent years yet its application is limited within India SMBs. However, with business goals showing greater alignment with technology, there is an underlying need for SMBs to systematically sift through and understand their data. Efficient and cohesive analysis of data can lead SMBs to understand customers, market trends and operational dynamics better and hence can be a source of key competitive advantage. In the competitive marketplace the 2016 promises to bring, SMBs can no longer ignore analysis and must aim to understand and glean insights for greater operational efficiencies and better customer/supplier management. According to AMI’s India Small and Medium Business ICT & Cloud Services Tracker Overview, 60%+ SMBs have mentioned that Big Data/Analytics is one of their key “Strategic Focus Areas” for the future.
- Continued focus on Improving Broadband Infrastructure/Mobile Data Speeds
According to AMI’s previously mentioned India study, 88% of SBs and 56% of MBs access the internet with speeds less than 10 Mbps. Improving broadband connectivity has been an ongoing focus area for India SMBs and will continue to be a major concern. The Indian government is building an all-pervasive optical fiber network that aims to cover the entire country in 3 years – this will significantly boost connectivity. Furthermore, with the greater emergence of 4G connectivity by ISPs and mobile operators, both broadband connectivity and mobile data connectivity are likely to improve.
For more information about AMI, or our global SMB research, call 212 944 5100, e-mail ask_ami@ami-partners.com or visit www.ami-partners.com.
About Access Markets International (AMI) Partners, Inc.
AMI specializes in IT, Internet, telecommunications and business services strategy, venture capital, and actionable market intelligence — with a strong focus on global small and medium businesses (SMBs), and extending into large enterprises and home-based businesses. AMI-Partners’ mission is to empower clients for success with the highest quality data, business strategy perspectives and ―go-to-market solutions. Led by Andy Bose, the firm has built a world-class management team with deep experience cutting across IT, telecommunications and business services sectors in established and emerging markets.
AMI has helped shape the go-to-market SMB strategies of more than 150 leading IT, Internet, telecommunications and business services companies. The firm is well known for its IT and Internet adoption-based segmentation of the SMB markets; its annual retainership services based on global SMB tracking surveys in more than 25 countries; and its proprietary database of SMBs and SMB channel partners in the Americas, Europe and Asia-Pacific. The firm invests significantly in collecting survey based information from several thousand SMBs annually, and is considered the premier source for global SMB trends and analysis.
Media Contacts:
Media Relations: In US (New York): Nancy Carty. Phone: (212) 944 5100 ext 581. Email: ncarty@ami-partners.com
In APAC (Singapore): Jackilyn Almazan. Phone: (65) 6521 3787 ext 115. Email: jalmazan@ami-partners.com
In India (Kolkata): Jyoti Singh. Phone: (91) 33 4003 3093 ext 223. Email: jsingh@ami-partners.com
In India (Bangalore): Rati Ghose. Phone: (91) 80 4148 2661 ext 36. Email: rghose@ami-partners.com
In India (Mumbai): Neha Jalan Goenka. Phone: (91) 98209 67614. Email: njalan@ami-partners.com
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