Singapore Information Technology Report Q2 2012
Business Monitor International, April 2012, Pages: 75
Business Monitor International's Singapore Information Technology Report provides industry professionals and strategists, corporate analysts, information technology associations, government departments and regulatory bodies with independent forecasts and competitive intelligence on Singapore's information technology industry.
BMI View: Singaporean IT spending is expected to reach US$6.4bn in 2012, up 5%, with BMI downwardly revising its forecast as a slowing economy is expected to mean more moderate growth in IT spending. Although BMI believes that growth will decelerate in 2012, BMI are 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.
Headline Expenditure Projections Computer hardware sales: US$2.7bn in 2011 to US$2.9bn in 2012, +6% in US dollar terms. Forecast in US dollar terms downwardly revised due to macroeconomic factors but there should be a stimulus from the iPad3 and Ultrabooks.
Software sales: US$873mn in 2011 to US$944bn in 2012, +8% in US dollar terms. Forecast in US dollar terms downwardly revised due to analyst modification 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$2.4bn in 2011 to US$2.6bn in 2012, +7% in US dollar terms. Forecast in US dollar terms downwardly revised due to analyst modification 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 their latest Asia RRR table, behind only Australia, and ahead of regional rival Hong Kong. The country also had the highest IT Market score of 57, and its overall ranking further benefited from a maximum Country Structure score of 100.
Key Trends & Developments.
- In 2012, a slowing economy is expected to mean moderate growth in IT spending. However, the PC market should continue to grow as vendors release new models and with a boost from the standard operating environment project. Around 75% of Singaporean households now have a PC, but consumers have appeared willing to spend on upgrading their notebook computers, and there is a trend for households to own more than one unit. The massive growth in broadband penetration will be a major driver of demand for new devices.
- Government IT spending has become another major market driver, with implementation of the e- Government plan. The government rolled out SGD1.1bn in new infocom tenders, in addition to ongoing projects such as the SOE initiative which will carry into 2012. Healthcare IT is one area of opportunity, following the launch schedule of the electronic healthcare register in 2011, with the second phase of the programme due in 2012.
- Key areas of opportunity for vendors are likely to include business analytics software and solutions, and cloud computing. The financial sector is likely to increase spending as a result of improved profit and infrastructure initiatives around mobile banking. Meanwhile, insurance companies are expected to spend more on analytics and systems upgrades. SMEs will also be a key opportunity, again with support from government subsidies.
Executive Summary
SWOT Analysis
Table: Singapore IT Sector SWOT
Table: Singapore Telecom’s SWOT
Singapore Political SWOT
Singapore Economic SWOT
Singapore Business Environment SWOT
Asia Pacific Risk/Reward Ratings
Table: Asia IT Risk/Reward Ratings Q212
IT Markets Overview
IT Penetration
IT Growth And Drivers
Sectors And Verticals
Singapore Market Overview
Government Authority
Hardware
Software
Services
Industry Developments
Industry Forecast
Services
Table: Singapore IT Sector Historical Data & Forecasts (US$mn Unless Otherwise Stated), 2009-2016
Industry Forecast Internet
Table: Internet – Historical Data & Forecasts, 2009-2016
Macroeconomic Forecast
Table: Singapore – Economic Activity
Competitive Landscape
IT Services
Company Profiles
IBM
Hewlett-Packard
GlobalFoundries (Acquired Chartered Semiconductors Manufacturing)
Table: Manufacturing Facilities
Table: CSM Revenue By Market Sector (%)
Table: CSM Revenue By Region (%)
Table: Global Foundries Key Developments
NCS
Country Snapshot: Singapore Demographic Data
Section 1: Population
Table: Demographic Indicators, 2005-2030
Table: Rural/Urban Breakdown, 2000-2030
Section 2: Education And Healthcare
Table: Education, 2000-2004
Table: Vital Statistics, 2005-2030
Section 3: Labour Market And Spending Power
Table: Employment Indicators, 2001-2006
Table: Consumer Expenditure, 2000-2012 (US$)
BMI Methodology
How We Generate Our Industry Forecasts
Transport Industry
Sources
- IBM
- Hewlett-Packard
- GlobalFoundries (Acquired Chartered Semiconductors Manufacturing)
- NCS
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