If you're wanting to gain some exposure to the small side of the market, then I think the three small caps listed below would be worth a closer look.
Here's why I think they have the potential to grow strongly in the future:
Audinate Group Limited (ASX: AD8)
The first small cap share to look at is Audinate. It is a digital audio-visual networking technologies provider which is best known for its innovative 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. Unfortunately, the pandemic has hit its sales incredibly hard this year, which has ultimately weighed heavily on the Audinate share price. I think this could be a buying opportunity and expect demand for its products to increase materially when things return to normal.
Bigtincan Holdings Ltd (ASX: BTH)
Another small cap to consider buying is Bigtincan. It is a provider of enterprise mobility software which allows sales and service organisations to increase their sales win rates and reduce costs. Its platform has been attracting a lot of attention from some of the world's biggest companies, which has supported very strong recurring revenue growth. Over the last year or so, Bigtincan has signed agreements with sports giant Nike, global beauty retailer Sephora, and energy drink Red Bull. I believe this is a testament to the quality of its product and feel that it bodes well for its performance in the coming years.
Whispir (ASX: WSP)
A final small cap share to look at is Whispir. It is a software-as-a-service communications workflow platform provider. Whispir's industry-leading software platform allows companies to deliver actionable two-way interactions at scale using automated multi-channel communication workflows. This means companies can make their operations more efficient and cut down the number of service desk support calls. As with Bigtincan, it counts a number of blue chips as customers. This includes companies such as AIA Insurance, Disney, and Foxtel.
