But to compete globally and be more resilient, they need access to digital opportunities of the future - more than 1.2m European businesses with less than 250 employees are not yet digitalised.
Investment in SME digitalisation leads to improved financial performance, increased productivity, access to new customers and innovation. As a result, 94% of SMEs would better cope with future risks.
To deliver successful SME digitalisation programmes, governments should consider:
Through its free V-hub digital services and pioneering IoT platform, Vodafone continues to prove itself to be a global leader in SME connectivity and digitalisation. We already support 3.65 million SMEs in Europe through their digital journeys.