‘Indian SMEs likely to spend $11.6 billion on IT in 2015’

Most large technology companies may have so far focused primarily on bigger enterprises, but a new report from market research firm Zinnov says small and medium businesses present a lucrative opportunity of $11.6 billion (about Rs 71,300 crore) in 2015 and $25.8 billion in 2020. As per the report, India has nearly 51 million such businesses, of which 12 million have a high degree of technology influence and are looking to adopt newer IT products.

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