IFBD - Infobird Co. Ltd (NASDAQ: IFBD) and its Influence on China's SaaS Market
- SMEs account for about 60% of China’s production GDP
- However, they have a relatively low adoption of SaaS and automation tools
- Infobird, through innovation and education, is trying to rectify this issue
- By targeting these SMEs, it will be impacting the entire Chinese SaaS market, positioning it as a global leader
As of 2019, the Chinese software-as-a-service SaaS market was estimated between $3.7 billion and $6 billion in value (https://ibn.fm/NBymg). That was just 6% less than the total value of the global SaaS market. This is great for the country. However, when compared to other nations such as the United States, the United Kingdom, Germany, Japan, South Korea, and India, it could use a little more adoption of SaaS and enjoy the benefits and growth that come with it.
Infobird has constantly been pushing the envelope regarding the development and launch of the next generation SaaS in China. By targeting leading industries and specific enterprises within these industries, the company is slowly but surely proving what it can do and its potential for taking over both the Chinese and the...
NOTE TO INVESTORS: The latest news and updates relating to IFBD are available in the company’s newsroom at http://ibn.fm/IFBD
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