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Singapore Information Technology Report Q1 2016

  • ID: 3606491
  • January 2016
  • Region: Singapore
  • 66 pages
  • Business Monitor International
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After a contraction of the hardware segment dragged down the IT market growth rate in 2015 we forecast slightly stronger performance over the medium term, with a CAGR of 4.3% forecast for 2015-2019 to a total market value of SGD9.1bn in 2019. Stabilisation of the tablet market after the boom and decline associated with the concentration of first-time buyers over 2011-2013 will support the hardware segment, but it will still underperform the software and services segments. Singapore is a leading market for the adoption of cloud services, as well as being a regional hub, and we expect strong growth to continue over 2016-2019 as vendors capitalise on the lucrative enterprise base in Singapore's economy with large financial services, ICT and manufacturing verticals. Emerging technologies around the Internet of Things will benefit similarly, as well as being boosted by the supportive policy environment that is positioning Singapore as a regional leader.

Computer Hardware Sales: Forecast to increase from SGD2.7bn in 2016 to SGD2.9bn in 2019. After the tablet market boom and subsequent decline resulted in hardware segment volatility we expect a more stable medium-term growth trend.

Software Sales: Forecast to increase from SGD1.6bn in 2016 to SGD1.8bn in 2019. Software-as-aservice adoption of basic enterprise applications by small- and medium-sized enterprises will be target of vendors, while high value make-up of Singapore's economy will drive complex deployments from large enterprises.

IT Services Sales: Forecast to increase from SGD3.7bn in 2016 to SGD4.4bn in 2019, equating to a CAGR of 6.1%. Deepening of the cloud computing and development of Internet of Things ecosystem will underpin IT services out performance over the medium term.

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Latest Updates & Industry Developments

SWOT

Industry Forecast

Latest Updates

Structural Trends
Table: IT Industry - Historical Data And Forecasts (Singapore 2012-2019)

Industry Risk Reward Index
Table: Asia Pacific IT Risk/Reward Index - Q1 2016

Market Overview

Recent Developments

Hardware

Software

Cloud Computing
Table: Singapore Cloud Vendor Developments, 2015

Services

Industry Trends And Developments

Regulatory Development
Table: Government Authority

Competitive Landscape

International Companies
Table: SAP

Local Companies
Table: Flextronics
Table: HollySys Automation Technologies
Table: JS Infotech
Table: Venture Corporation

Regional Overview

Asia - Local Vendors Leverage Emerging Lower-End Device Market

Demographic Forecast

Demographic Outlook
Table: Population Headline Indicators (Singapore 1990-2025)
Table: Key Population Ratios (Singapore 1990-2025)
Table: Urban/Rural Population & Life Expectancy (Singapore 1990-2025)
Table: Population By Age Group (Singapore 1990-2025)
Table: Population By Age Group % (Singapore 1990-2025)

Methodology

Industry Forecast Methodology

Sources

Risk/Reward Index Methodology
Table: IT Risk/Reward Index Indicators
Table: Weighting Of Components

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