Despite this worldwide increase in business growth performance, almost half (45%) of businesses also admitted that the growth they had experienced in the last 12 months had been challenging and one-in-four (23%) said it had been stressful. However, half (46%) of businesses globally also agree that investing in new/better technology is a strategy that will help them overcome their growing pains. 

"Although we have seen impressive overall rates of growth this year, there's an underlying consensus among the businesses we surveyed, that growth hasn't been easy to achieve," said Thiru Vengadam, regional vice president for India, Epicor Software.

"Nevertheless, businesses in the manufacturing sector have also affirmed that investing in the right technology will help position themselves for growth in the future. With automated systems reaching production lines around the world, cloud adoption continuing to rise, and enterprise resourcing planning (ERP) solutions transforming the way businesses manage workflows and share their data, this is a sentiment that we will track year-on-year," he concluded.

END

The Global Growth Index research will be updated by Epicor on a yearly basis.