SMEs , Mid Markets – Is there CAGR in this sector ?
October 29, 2007
Well…There is a lot of buzz about the Small and Medium Scale Enterprises, Mid Markets.
Whats the big deal and why there is lot of ga ga over these sectors? Here’s is the analysis.
Top Consulting companies like IBM,HP,SAP,Oracle,Delloite and Accenture have already started exploring these spaces/sectors and trying to seize opportunities . There is tremendous amount of growth potential in these sectors hidden with them. The Big Word – CAGR ( Compounded Annual Growth Rate) also looks impressive in these sectors.
The other day when i was looking at the IBM ‘s – “Lets Own the Mid Market” campaign. I found that IBM has already started seizing oppurtunities in this sector. Their market research puts up a impressive figure of CAGR of 6% in this sector. The areas they are looking at implementing their custom solutions are Colloboration tools, IT Security, ERP and CRM .
For Example: Considering the growth areas of Mid Market – CRM, campanies like Oracle , SAP are teaming up the consultants to move ahead in this space. HP, Accenture and Delloite has already started their consulting in SME’s and Mid Markets.
So small/mid sized consulting companies keep a tab on these top technology consulting companies as they already have “ants in their pants” .
