The Role of Ecosystems in Facilitating MSMEs' Scaling through Digital Transformation

Abstract

This research study analyses how ecosystems assist MSMEs develop through digital transformation. Digital transformation is crucial for MSMEs seeking growth and competitiveness in today’s economy. This change is facilitated through ecosystems, which comprise of stakeholder alliances, networks, and partnerships.

A literature review and data analysis reveals the symbiotic relationship between digital revolution and ecosystems. It examines digital transformation ecosystems’ key components and how they affect MSMEs’ scaling. Government strategies in sustaining these ecosystems and their opportunities and challenges are also examined in this paper.

The findings demonstrate the need for robust ecosystems for MSMEs’ digital transformation. By explaining complicated processes, this study helps us to comprehend how ecosystems might assist MSMEs’ growth and sustainability in a digitalized world.