If you're on the lookout for a little exposure to the small side of the market, then you're in luck.
Right now there are a good number of small cap shares on the Australian share market which I believe have strong long-term growth potential.
Four to add to your watchlist are listed below. Here's why I like them:
Alcidion Group Ltd (ASX: ALC)
I think this health technology company could have a very bright future ahead of it. Alcidion provides software which aims to improve the efficacy and cost of delivering services to patients and reduce hospital-acquired complications. Given how healthcare organisations are rapidly shifting away from paper and archaic technologies, I believe demand for Alcidion's products could grow strongly over the next decade.
Audinate Group Limited (ASX: AD8)
Audinate is a digital audio-visual networking technologies provider. It was a strong performer in FY 2019 thanks to the increasing demand for its Dante product. This award-winning audio over IP networking solution is being used widely across the professional live sound, commercial installation, broadcast, and recording industries globally. Pleasingly, due to its leadership position and its massive market opportunity, I believe it is capable of continuing its strong top line growth for many years to come.
LiveTiles Ltd (ASX: LVT)
LiveTiles is a digital workplace platform provider which aims to simplify processes and enhance productivity. This is achieved through the creation of internal dashboards, intranet portals, and collaborative online working environments. It has close ties with global tech giant Microsoft and looks well-placed to benefit from cross-selling opportunities. Management estimates that its global addressable market is currently worth $13 billion per annum.
Serko Ltd (ASX: SKO)
One of my favourite small cap ASX shares is Serko. It is an online travel booking and expense management provider. It has been a strong performer over the last couple of years and has continued this positive in the first half of FY 2020. This strong form allowed Serko to recently raise NZ$45 million to accelerate its growth. A cornerstone investor in this capital raising was US$85 billion travel booking giant Booking.com.
