|
Article Excerpt
Small and medium businesses (SMBs or companies with less than 1,000 employees) in key ASEAN countries are on track to spend US$24 billion on ICT products and services in 2009, up by about 5% over 2008, and about half the pre-crisis forecast growth rate.
Even at a much reduced growth rate of 5%, the ASEAN region will still perform better than other regions around the world, and is a market that all ICT vendors should not neglect in their growth and expansion plans," according to the latest ASEAN opportunity analysis by Access Markets International (AMI) Partners, Inc.
"Among all ASEAN countries, Singapore SMBs, which constitute about 13% of the total SMB ICT spending, is expected to chalk up the slowest growth. Hence, ICT vendors are increasingly looking to SMBs in Indonesia, Malaysia, Thailand, Philippines and Vietnam to help achieve their regional revenue growth targets," according to Tram Tong, a Singapore-based Research Analyst with AMI-Partners.
Given these markets are much larger geographically than...
|
|
More articles from Telecommunications Business
San Jose Jazz, West Valley Jazz Collaborate to Form San Jose Jazz Orch..., June 17, 2009
Looking for additional articles?
Search our database of over 3 million articles.
Looking for more in-depth information on this industry?
Search our complete database of Industry & Market reports by text, subject, publication
name or publication date.
About Goliath
Whether you're looking for sales prospects, competitive information, company
analysis or best practices in managing your organization,
Goliath can help you meet your business needs.
Our extensive business information databases empower business
professionals with both the breadth and depth of credible,
authoritative information they need to support their business
goals. Whether it be strategic planning, sales prospecting,
company research or defining management best practices -
Goliath is your leading source for accurate information.
|
|
