Mark Horner

The  Global  SME Market

What is a Small to Medium Enterprise?

Small and medium enterprises (SMEs) are businesses that maintain revenues, assets or a number of employees between certain thresholds. Each country has its own definition of what constitutes a small and medium-sized enterprise (SME). Certain size criteria must be met and occasionally the industry in which the company operates in is taken into account as well.

The Global SME Market
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How big is the Global SME Market?

The global SME market represents a huge opportunity. Small and medium-size enterprises play a hugely important role in the Global economy. They outnumber large firms considerably, employ vast numbers of people and are entrepreneurial in nature, helping to shape innovation and support local communities. While exact figures are difficult to obtain because the definition varies between countries, it has been estimated that there are over 360,000,000 Small and medium-size enterprises world-wide. With a total population of over 7,800,000,000, that is one SME for every 21 people in the population. Other estimates that there are 582 million entrepreneurs in the world.

What help is available for Global SMEs?

Help for small and medium enterprises (SMEs) includes virtual peer-to-peer advisory boards. With our blended model utilising Zoom and supplemented by in person meetings we are able to support and grow businesses anywhere in the world. Our growing network of Regional Directors ensure that we have suitable people to help you whatever your language or time zone.