- Sagtec Global Limited (Nasdaq: SAGT) successfully launches its cloud-based Speed+ Smart Cloud Ordering Software in Indonesia.
- Indonesia's digital economy is projected to grow to US$60 billion by 2030, with the POS market expanding at nearly 20% CAGR.
- The Speed+ system offers advanced features including real-time order tracking, digital menus, and integrated payment solutions.
Sagtec Global Limited (SAGT, Financial) has achieved a significant milestone by deploying the first batch of its Speed+ Smart Cloud Ordering Software licenses to its sole distributor in Indonesia. This event marks the company's official entry into the Indonesian market, aligning with its strategic expansion across Southeast Asia.
The Speed+ platform is a cloud-based system tailored for food service and retail businesses, providing functionalities such as real-time order tracking, digital menus, integrated payment systems, and performance analytics. Designed for scalability, it supports multi-device connectivity and is customizable to meet the needs of various business sizes, from single outlets to extensive chains.
This strategic launch comes at a time when Indonesia’s digital economy is forecasted to reach US$60 billion by 2030. The country’s cloud-based point-of-sale (POS) market is witnessing a robust growth with an anticipated CAGR of nearly 20%. Sagtec intends to capitalize on this growth by monitoring local feedback, enhancing support infrastructure, and expanding its market presence in the coming months.
Kevin Ng, Chairman, Executive Director, and CEO of Sagtec, highlighted the importance of digital solutions in keeping businesses competitive and efficient amid accelerating digital transformation across Asia. The deployment in Indonesia is a foundational step towards long-term growth and increased adoption of Sagtec's solutions in the region.
