NETGEAR Focuses on SMBs in India
New Delhi, India: In a bid to address the increasing opportunities in the SMB segment and encouraged by the significant growth in its SMB business last fiscal, NETGEAR®, Inc. (NASDAQGM: NTGR), a global networking company that delivers innovative products to consumers, businesses and service providers, has decided to expand its product portfolio and drive a stronger partner strategy, with the prime focus towards SMBs in India.
Addressing at a National Seminar organized by PHDCCI on “Affordable ICT solutions for SMBs” in New Delhi, Subhodeep Bhattacharya, Regional Director, India & SAARC said, “Our focus is on SMBs”. “As per the statistics, India is a home to around 50 million SMBs, of which 10 million are tech-savvy. This number or the addressable market opportunity will upsurge to approximately 11 million by 2015. Also, SMBs in the country will grow at a compound annual growth rate (CAGR) of 15 % by 2015, contributing $ 15 billion or over one-third of India’s overall IT spend. Hence we can foresee overall growth for NETGEAR in coming years by tapping the SMB segment.”
NETGEAR has been focused on its SMART IT vision which envisages a reliable, affordable and simple range of products covering the entire infrastructure needs of small and medium businesses, encompassing switching, storage, wireless and security solutions and it foresees huge growth in this field.
NETGEAR already has a strong and popular home and prosumer product business in wireless routing, including 802.11AC routers, ReadyNAS storage, and security hardware products like UTM and VPN. It has also forayed into service providing with 3G products and Wi-Fi equipment.
Subhodeep Bhattacharya, said, “With these wide array of product lines, we can surely address the requirements of every aspiring SMB company in India. Our products are technically competent, rightly priced, and easy to use that provides much more compelling value proposition to the consumers. We want to see ourselves as leaders in home and retail segment, commercial space, and service providers sector. In India, the initial focus was on low-end market but now the company is having very ambitious plans to expand heavily into the mid-market.”
Bhattacharya added, “We are looking at increasing the reach to partners like value added resellers and tier-2 SIs who will take us to the SMB in terms of providing solutions. But for large deals, we will definitely work with large SIs. We are also looking for very capable and focused partners who can drive specific product segments. In fact, we have already initiated the process of roping in these specialized partners.”
In order to tap the SMB segment, NETGEAR is in the process of building a strong channel ecosystem in the country, wherein it is looking for competent partners who could help the company penetrate deeper into the Indian market. Though NETGEAR has a broad base of channel partners, we are foreseeing for more solution partners (system integrators) who could handle larger accounts for the company.
NERGEAR currently has Ingram Micro and Rashi Peripherals as its national distributors; together they address close to 1,000 partners in the country. This fiscal, the company will spread its footprints to the top 40 cities, up from the top eight cities and some B- and C-class cities last year. It will also participate in customer events for product demos, ATL activities and road-shows. In terms of post-sales the company provides lifetime warranty for most of its products. NETGEAR also has Intarvo as its service provider for the top seven cities and Rashi Peripherals for the remaining cities.
About NETGEAR, Inc.
NETGEAR (NASDAQGM: NTGR) is a global networking company that delivers innovative products to consumers, businesses and service providers. For consumers, the company makes high performance, dependable and easy to use home networking, storage and digital media products to connect people with the Internet and their content and devices. For businesses, NETGEAR provides networking, storage and security solutions without the cost and complexity of big IT. The company also supplies top service providers with retail proven, whole home solutions for their customers. NETGEAR products are built on a variety of proven technologies such as wireless, Ethernet and Powerline, with a focus on reliability and ease-of-use. NETGEAR products are sold in approximately 29,000 retail locations around the globe, and through approximately 41,000 value-added resellers. The company’s headquarters are in San Jose, Calif., with additional offices in 25 countries. NETGEAR is an ENERGY STAR® partner. More information is available at http://www.NETGEAR.com or by calling (408) 907-8000. Connect with NETGEAR at http://twitter.com/NETGEAR