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SMBs contributing 57% of GDP require high-speed connectivity and robust cybersecurity to drive economic recovery.
Nigel Pugh · Venture InsightsPeriod: July 20208 min read
Last updated
Contribution of SMBs to Australian GDP
SMBs considering or implementing WFH arrangements
This report analyzes the critical role of technology and connectivity for Australian Small-to-Medium Businesses (SMBs) in the wake of COVID-19. With SMBs contributing approximately 57% of Australia's GDP and 7 million jobs, their digital transformation is essential for economic recovery. The findings, based on a survey of over 600 IT decision-makers, highlight a significant shift toward remote work, with 68% of respondents implementing work-from-home arrangements and 75% planning to upgrade to 5G within 24 months to improve productivity.
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