[adning id=”12070″]

[adning id=”12070″]

Australia is fourth in the Asia Pacific for SMB digitalisation

COVID-19 has accelerated the digitalization of businesses. Cisco’s 2020 Asia Pacific SMB Digital Maturity Study shows that nearly 70 percent of SMBs in Asia Pacific are accelerating the digitalization of their businesses as a result of COVID-19.

As SMBs become more digitally mature, they could add as much as US$3.1 Trillion to Asia Pacific’s GDP by 2024, accelerating economic recovery. Find out where SMBs are in the digital maturity stages across Asia Pacific and what set Digital leaders apart.

More Asia Pacific SMBs Are Transforming Digitally

Asia Pacific SMBs have accelerated their digitalization, with 16% of SMBs overcoming critical challenges and reaching the advanced maturity stages of Digital Challenger and Digital Native, compared to 11% in 2019. Slightly more than half of SMBs have embraced digitalization to become Digital Observers, while 31% of SMBs are still reactive to market changes and have made hardly any efforts to transform digitally. As a result of COVID-19, we expect Asia Pacific SMBs to digitalize even more.

Australia is fourth in the Asia Pacific for SMB digitalisation

Overall, all Asia Pacific markets are becoming more digitally mature, with notable progress made by Indonesia and Vietnam. Singapore, Japan and New Zealand continue to lead the Digital Observers group, with no changes in their ranking compared to 2019. However, mainland China, Taiwan and Thailand surpassed Korea, Hong Kong and Malaysia, respectively.

 

Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn
Share on email
Email
Share on print
Print

Leave a Comment

Your email address will not be published. Required fields are marked *

SUBSCRIBE FREE
SME NEWS BRIEFS

Get breaking news delivered
  • This field is for validation purposes and should be left unchanged.

RECEIVE GOVT GRANT OF $10K to $250K*.

Austrade Approved Business Events
AVAILABLE NOW APPLY BEFORE 30th MARCH 2021 (Condition apply)

  • ABF Events are approved and listed below have been certified by Austrade on the Schedule of Approved Business Events.
  • This allows exhibitors, sponsors, delegates and partners to participate in the Business Events Grant Program. Note event bookings need to be confirmed ASAP to participate in the grant program
  • The program provides 50% rebate (based on a minimum spend of $20k) for approved items including ABF event-media packages, exhibition stands, corporate function tables, delegate registrations.
  • Govt Grant applications are now open until the 30 March. Please contact ABF to discuss how we can assist, we have experts to assist grant applications.
  • Grant funding will cover up to 50% of eligible expenditure incurred in participating at pre-approved business-to-business events as buyers or sellers during the 2021 calendar year.  All grant applications must be submitted for approval via the following link: https://business.gov.au/grants-and-programs/business-events-grants
  • For further information please see this fact sheet.