Domestic SMEs would conquer new markets

The domestic SMEs are looking for market opportunities. Four out of ten companies want to conquer a new market with their existing products, and more than twice as many of them think about introducing a new product or service compared to the beginning of the year – according to the data of the K&H SME Trust Index Research.

The pursuit of innovation and novelties are essential for the entrepreneurships if they want to keep pace with the rapidly changing needs of consumers. According to the recent results of the K&H SME Trust Index research, companies are open to novelties and seek opportunities. “The market expansion intentions of SMEs have changed significantly in the last quarter. Four out of ten companies want to conquer new markets with their existing products or services and more than twice as many (37%) of them think about introducing a new poduct compared to the beginning of the year” – Kovács Viktor Zoltán, Head of K&H SME Marketing Department said.