Small and medium businesses (SMBs, or companies with up to 999 employees) in India are on track to invest about US$770 million on packaged software this year, up 21% over 2007 levels. Spending on databases, accounting, networking, productivity and system software will account for more than 90% of the total software spend this year, according to the latest report by New York-based Access Markets International (AMI) Partners, Inc. There has been strong growth in financial indicators for all the major verticals in the SMB space, which is likely to continue this year as well, says Nirupam Chaudhuri, Senior Research Manager with AMI Partners. "SMBs in India are likely to continue to invest to support business expansion plans, globalization needs, compliance and risk mitigation needs, and leverage technological advancements."
Wednesday, April 23, 2008
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