The Indonesian government is expecting to digitalize up to 30 million small and medium enterprises (SMEs)—almost half of the total figure—by 2024.
According to deputy minister at the Cooperatives and SMEs Ministry, Siti Azizah, her office seeks to accelerate digitalization among Indonesian SMEs as they are expected to contribute greatly to national economy.
“We target to have 30 million SMEs, or half of the total 64.2 million, to be digitalized by 2024,” Azizah said on Thursday, as reported by Antara. “Every year, the potential of digital economy continues to increase, and we project that by 2030 [it] could reach Rp 5,400 trillion.”
In 2021, about 17.28 million SMEs were successfully introduced to and started utilizing digital technologies. The Covid-19 pandemic became a key driving factor behind the shift as it helped business owners to survive amid severe blow during the period.
Meanwhile, in 2023, the Ministry targets to digitalize up to 24 million SMEs.
