- To stay competitive, over 3 in 5 of ASEAN SMEs are now placing more urgency on investing in technology over other fixed assets like equipment and machinery.
- Many SMEs are not aware of how efficiently pay-per-use or Software-as-a-Service (SaaS) can address their business needs and may not be optimizing their technology spend
- As SMEs explore technology solutions to enhance business operations, it is important that they consider the range of options to ensure they are able to use their resources more effectively
Small- and medium-sized enterprises (SMEs) are known as the backbone of local economies across ASEAN. In the region, SMEs are often the largest source of local employment across all economic sectors.
Three in five (60%) of ASEAN’s SMEs say they will focus their investments on technology over other fixed assets in 2018 to help drive business competition. But at the same time, SMEs continue to deal with daily challenges such as lack of scale, cost and labour.
Get these insights and more in the ASEAN SME Transformation Study. It gives you a region-wide view based on 1,200 SMEs surveyed across the six key Southeast Asian markets, covering these key highlights:
- Top competitive strategies of SMEs
- What SMEs are planning to invest in
- Local governments schemes to support SMEs