Businesses in Mexico, China and India are increasingly turning to technology to promote business growth, reveals new global research from
Epicor Software Corporation, a global provider of industry-specific enterprise software. Around three quarters of Chinese and Indian firms, 74 percent and 73 percent respectively and 63 percent of Mexican firms cited IT investment as important, compared to a global figure of 54 percent.
Overall, the research figures indicate that many of the world’s businesses, particularly those in established economies, do not ‘get growth’ in the same way as their emerging market peers and risk falling behind ‘grow getter’ businesses in emerging markets. These businesses mainly from China, India and Mexico demonstrate a strong motivation to invest in technology to empower their organization.
Businesses in Mexico, India and China are the most likely to be growing in terms of geographic reach and overseas sales. India takes the lead, with 75 percent of businesses reporting overseas growth (63 percent both in Mexico and China), compared to the US where 59 percent of businesses reported no further growth or a decline in growth overseas (47 percent of UK businesses reported the same).
India and Mexico are also the most likely to have grown their product ranges (and along with it their IT investments) in the last 12 months— with more than three quarters (82 percent and 76 percent respectively) of all businesses reporting growth, compared to the global average of 61 percent. Hong Kong and Singapore were among the least likely to achieve this, with only 45-46 percent of businesses in both countries reporting any product range growth.
India, again, leads the global charge in profit growth with 80 percent of businesses reporting growth, compared to just 34 percent in Singapore.
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