IBM upbeat on Indian SMBs
7thJuly 2008, The Financial Express
Sensing a huge business potential in the country's fast growing small and
medium business segment, IT major IBM said it would launch an array of
cost-effective solutions for its Indian SMB customers.
"We expect the SMB segment to grow at over 20% year-on-year. SMBs are no
longer just investing in basic IT infrastructure but is looking at partners
to manage their ever-complex IT needs while they grow," IBM's Global
Technology Services' vice president and general manager, Nipun Mehrotra
The total IT spend of Indian SMBs is expected to touch $10 billion this
year, of which $1.1 billion is expected to be spent on IT services alone,
Mehrotra said. IBM, which is currently on a massive expansion drive to
rapidly strengthen its footprint in Indian SMB market, has an SMB
customer-base of above 1,700 customers here, Mehrotra said, adding, "IBM
has targeted to sustain the growth rate in the present fiscal as well". The
IT major had announced 'Packaged services' for Indian SMBs in July, 2006.