Singapore - Singapore information technology industry

1. Industry Background

A Global Leader in Information Technology

Singapore’s information technology (IT) industry is well positioned to tap into the new business opportunities of the digital age. An early mover in IT, Singapore today ranks as the second most network-ready country in the world and No. 1 in Asia, according to the World Economic Forum’s “Global Information Technology Report 2009/2010”.

Aside from excellent infrastructure, IT companies from across the value chain are drawn to Singapore because of its robust intellectual property protection regime, good logistics connectivity, and easy access to global talent. Today, more than 80 of the world’s IT software and services companies are in Singapore.

The Internet 2.0 revolution is also creating a new generation of web-based applications that is transforming business models and the way people communicate. Singapore has its finger on the pulse of this revolution and aims to harness the internet to serve the global market.

An IT Business Hub

The huge presence of leading hardware, software, IT services and internet companies in Singapore creates significant synergies for the industry, and provides fertile ground for collaboration. Singapore has the breadth and depth of capabilities that allow companies to undertake a full suite of business activities, from headquarter functions, research and development, product development to the deployment of solutions to global markets.

A Strategic Geographical Node

Singapore’s strategic geographical location provides companies a vantage point for meeting the needs of a rapidly developing Asia. At the same time, the cosmopolitan environment helps attract talent from all over the world and allows for the injection of global know-how.

The roll out of the Intelligent Nation 2015 masterplan and the National Broadband Network will further strengthen Singapore’s infrastructure network, translating into benefits for IT companies.

2. Facts and Figures

• In 2007, Singapore’s infocomm industry saw its revenues grow 13.8 per cent to S$51.7 billion. The hardware segment was the largest contributor, at 55 per cent, followed by software (17 per cent) and IT services (12 per cent).
• There are more than 130,000 infocomm industry professionals in Singapore. Of this, more than 80 per cent have at least a tertiary education.
• Singapore is home to more than 80 of the top 100 software and services companies. Many of them, including the top 15 software companies, have regional or Asia Pacific headquarters here.

Business & Investment Opportunities
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