2013-02-03 16:33:48 - Recently published research from Business Monitor International, "Singapore Information Technology Report Q1 2013", is now available at Fast Market Research
BMI View: Singaporean IT spending is expected to reach US$7.1bn in 2013, up 8%, with BMI upwardly revising its five-year forecast, although external economic headwinds, particularly from China, are expected to affect IT spending. Although BMI believes that growth will remain in single-digits in 2013, we remain upbeat on Singapore's IT market over the longer term. Government IT spending has become a major market driver, which continued with implementation of the e-Government plan. Key areas of opportunity for vendors are likely to include business analytics software and solutions, and cloud computing. Singapore's ambitions to emerge as a regional cloud computing hub will fuel vendor investment in service capabilities.
Full Report Details at
- www.fastmr.com/prod/529489_singapore_information_technology_repo ..
Headline Expenditure Projections
Computer hardware sales: US$2.9bn in
2012 to US$3.1bn in 2013, +6% in US dollar terms. Forecast in US dollar terms unchanged, but there should be a growth drivers in Windows 8, tablets and ultrabooks.
Software sales: US$1.0bn in 2012 to US$1.1bn in 2013, +10% in US dollar terms. Forecast in US dollar terms downwardly unchanged, but enterprise resource programming, customer relationship management and other e-business applications will find increasing popularity with the small- and medium-sized enterprise (SME) market.
IT services sales: US$2.7bn in 2012 to US$2.9bn in 2013, +9% in US dollar terms. Forecast in US dollar terms unchanged, but there should be opportunities in key IT spending verticals such as telecoms, government, healthcare and logistics.
Risk/Reward Ratings: Singapore's score was 74.1 out of 100.0. Singapore ranks first in our latest Asia RRR table ahead of regional rival Hong Kong And Australia.
Key Trends & Developments
* Singapore is also emerging as a hub for IT vendors to offer cloud services to clients across South East Asia. Evidence suggests demand for cloud computing is not restricted to large organisations, but has spread to the Singapore SME sectors. Among the main drivers of cloud computing utilisation by Singaporean companies is the desire to reduce infrastructure costs.
* With the launch of private and public G-Cloud projects, the public sector hopes to be in the vanguard of cloud adoption in Singapore. However cloud adoption is voluntary for government organisations, meaning the success of these projects is not guaranteed. The public cloud market is estimated to be in the tens of millions of US dollars and should grow steadily. There have been a number of large cloud deployments by Singaporean organisations, including the Ministry of Education, the National University of Singapore and Singapore Airport Terminal Services.
x * Government IT spending has become another major market driver, with implementation of the e- Government plan. The IT market will continue to benefit from ambitious government ICT programmes, such as the government SOE project, which are already budgeted and well established. With the iN2015 plan placing IT at the heart of the government's strategy to improve competitiveness, complex government tenders will drive considerable spending in future across areas such as education, e-government, transport and healthcare.
Report Table of Contents:
- Singapore IT Sector SWOT
- Singapore Telecoms SWOT
- Singapore Political SWOT
- Singapore Economic SWOT
- Singapore Business Environment SWOT
Asia Pacific IT Risk/Reward Ratings
- Table: Asia Pacific IT Risk/Reward Ratings, Q113
Asia Pacific IT Markets Overview
- IT Penetration
- IT Growth and Drivers
- Sectors And Verticals
- Government Authority
- Industry Developments
- Table: Singapore IT Industry - Historical Data And Forecasts (US$mn unless otherwise stated), 2009-2017
Industry Forecast Internet
- Internet - Historical Data & Forecasts, 2010-2017
- Software and IT Services
- Table: Singapore - Economic Activity, 2008-2016
- GlobalFoundries (Acquired Chartered Semiconductors Manufacturing)
- Table: Manufacturing Facilities
- Table: CSM Revenue By Market Sector (%)
- Table: CSM Revenue By Region (%)
- Table: Global Foundries Key Developments
- Table: Contract Wins
- Table: Acquisitions
- Table: Singapore's Population By Age Group, 1990-2020 ('000)
- Table: Singapore's Population By Age Group, 1990-2020 (% of total)
- Table: Singapore's Key Population Ratios, 1990-2020
- Table: Singapore's Rural And Urban Population, 1990-2020
- How We Generate Our Industry Forecasts
- IT Industry
- IT Ratings - Methodology
- Table: IT Business Environment Indicators
- Table: Weighting Of Components
About Business Monitor International
Business Monitor International (BMI) offers a comprehensive range of products and services designed to help senior executives, analysts and researchers assess and better manage operating risks, and exploit business opportunities, across 175 markets. BMI offers three main areas of expertise: Country Risk BMI's country risk and macroeconomic forecast portfolio includes weekly financial market reports, monthly regional Monitors, and in-depth quarterly Business Forecast Reports. Industry Analysis BMI covers a total of 17 industry verticals through a portfolio of services, including in-depth quarterly Country Forecast Reports. View more research from Business Monitor International at www.fastmr.com/catalog/publishers.aspx?pubid=1010
About Fast Market Research
Fast Market Research is an online aggregator and distributor of market research and business information. We represent the world's top research publishers and analysts and provide quick and easy access to the best competitive intelligence available.
For more information about these or related research reports, please visit our website at www.fastmr.com
or call us at 1.800.844.8156.