New Study: Singapore Information Technology Report Q2 2016
Recently published research from Business Monitor International, "Singapore Information Technology Report Q2 2016", is now available at Fast Market Research
[USPRwire, Fri Apr 15 2016] The brightest areas of Singapore's IT market in our medium term outlook are cloud computing and emerging technology solutions around the internet of things. The advanced and high value enterprise mix in Singapore, combined with a supportive policy environment and strong network infrastructure, make it a leading regional market for the latest solutions. This is in contrast to the core market for devices and solutions, where saturation means growth potential is diminished and spending is expected to be flat over the medium term. Singapore will however continue to be a lucrative market for vendors, with high levels for IT spending per capita. We expect total IT spending will increase at a CAGR of 3.4% over 2016-2020 to SGD8.8bn in the final year of our forecast.
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Latest Updates & Industry Developments
Computer Hardware Sales: Forecast to increase from SGD2.6bn in 2016 to SGD2.6bn in 2020, a CAGR of 0.7%. A mature PC market reliant on replacement purchases, and erosion of enterprise infrastructure spending from the shift to the cloud, combine for a subdued growth outlook.
Software Sales: Forecast to increase from SGD1.5bn in 2016 to SGD1.8bn in 2020, a CAGR of 4.1%. High-value enterprise will increase demand for complex solutions, while software-as-a-service will drive growth of basic enterprise applications by SMEs.
IT Services Sales: Forecast to increase from SGD3.6bn in 2016 to SGD4.4bn in 2020, a CAGR of 4.9%. Traditional services sales to be flat but cloud computing and Internet of Things demand will be areas of strong growth.
The Singapore Information Technology Report features BMI Research's market assessment and independent forecasts covering personal computers and software; semi-conductors, memory chips, integrated circuits and general components; the internet and IT solutions. It analyses analyses regulatory changes (licensing, customs and intellectual property protection) and competitive landscapes comparing IT companies by products, sales, market share, investments, projects and expansion strategies.
BMI's Singapore Information Technology Report provides industry professionals and strategists, corporate analysts, IT associations, government departments and regulatory bodies with independent forecasts and competitive intelligence on the IT industry in Singapore.
Benchmark BMI's independent IT Industry forecasts for Singapore to test other views - a key input for successful budgetary and strategic business planning in the Singaporean IT market.
Target business opportunities and risks in Singapore's IT sector through our reviews of latest industry trends, regulatory changes, and major deals, projects and investments in Singapore.
Assess the activities, strategy and market position of your competitors, partners and clients via our Company Profiles (inc. KPIs and latest activity).
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