ATLANTA (June 27, 2024) – A new study from Sage, the leader in accounting, financial, HR, and payroll technology for small and mid-sized businesses (SMBs), reveals the evolving role of technology channel and reseller partners in the U.S. and Canada. The study indicates a shift from point solutions providers and integrators to strategic advisors for SMBs, unlocking significant growth opportunities and paving the way for greater digital agility.
The report, ‘Small and medium-sized business demand for digital advisory services fuels IT channel growth’, surveyed 2,800 technology channel decision-makers globally, including in the U.S. and Canada, to better understand the key drivers impacting the IT channel and reseller market today.
The research highlights that the majority of technology resellers in the U.S. (59 %) and Canada (52 %) have shifted their focus toward providing strategic advice and services, aiming to improve SMBs’ ability to swiftly adapt to market shifts, new technological breakthroughs and evolving customer demands.
The report found that almost three-quarters of SMBs in the U.S. (73 %) and Canada (74 %) see investing in digital agility as a high priority, believing it will drive business growth (30 %), followed by enhance competitiveness in the U.S. (25 %), and increase efficiency in Canada (26 %).
"These findings mark a significant shift within the channel industry. The move toward more personalized solutions and stronger customer relationships is revolutionizing our support for SMBs,” says Sippora Veen, VP Global Partner Marketing at Sage. “With the adoption of advanced technologies like AI, and a commitment to building skills, we are better positioned to help SMBs face challenges and thrive in the digital era. This collaboration is essential for fostering innovation and mutual growth."
Key findings include :
“Having spent over 25 years in the channel, I have observed a shift within the SMB market propelled by the need for growth, competitiveness, and efficiency. More SMBs are now prioritizing digital agility to remain competitive and resilient in a constantly evolving business environment,” says Susan Vincent, Managing Director, Baker Tilly and Sage Partner. “As channel leaders, we must shift towards a consultative approach to support our customers and help them activate the latest technologies with ease. It's time to adapt and stand out.”
Sage's research underscores the importance of deepening collaboration between IT resellers and SMBs to fully harness new technologies and enhance resilience against market changes. By focusing on areas like cybersecurity, digital transformation, and operational efficiency, IT resellers can boost their growth while helping SMBs successfully navigate these challenges.
"Digital agility is the new currency for SMBs, and channel partners play a critical role in enabling businesses to leverage innovative solutions that optimize operations, improve efficiency, and enhance profitability. With technology evolving so quickly, it's crucial for us to stay ahead of the curve and adopt the correct tools as soon as possible.” says Robert Colelli, Managing Principal, Operations, Cresa Toronto. “AI and cybersecurity are key in driving our digital agility and we rely on our IT suppliers to help us identify and deploy the right solutions that are tailored and adaptable to our growth strategy. With their support and invaluable advice, we can navigate the challenges of digital transformation much easier and increase our ability to pivot as necessary in a challenging economic landscape.”
Sage exists to knock down barriers so everyone can thrive, starting with the millions of small and medium-sized businesses served by us, our partners and accountants. Customers trust our finance, HR and payroll software to make work and money flow. By digitizing business processes and relationships with customers, suppliers, employees, banks and governments, our digital network connects SMBs, removing friction and delivering insights. Knocking down barriers also means we use our time, technology and experience to tackle digital inequality, economic inequality and the climate crisis.
The research questioned 2,800 decision makers in the tech industry whose company resells tech and IT supplies/services for various businesses in Canada, France, Germany, Portugal, South Africa, Spain, the United Kingdom and United States. The interviews were conducted in April and May 2024.
This online survey was conducted by market research company OnePoll, in accordance with the Market Research Society's code of conduct.
Jordan Kercheval
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