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Singapore SMEs lead APAC in terms of digital transformation, DBS survey indicates

Atiqah Mokhtar
Atiqah Mokhtar9/21/2021 10:5 AM GMT+08  • 4 min read
Singapore SMEs lead APAC in terms of digital transformation, DBS survey indicates
However, APAC's SME segment still lags behind large corporates and middle-market companies in terms of digital readiness.
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Small and medium-sized enterprises (SMEs) in Singapore are the pacesetters within the Asia-Pacific (APAC) region in terms of digital progression, with 72% having a digital transformation strategy in place according to the 2021 DBS Digital Readiness Survey.

Hong Kong came in second place at 47%, followed by China (44%), Taiwan (38%), India (25%) and Indonesia (20%).

However, the survey also found that the region’s SME segment lags behind large corporates and middle-market companies in terms of digital readiness with only 41% of SMEs having a digital transformation plan in place, and 12% with a clearly defined digital strategy.

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