Singapour - Information and communication Technologies : a pillar of the economy

21% of Singapore’s companies are looking to increase spending on infrastructure software, with an emphasis on software that helps in system and network management.

Infocomm has greatly enhanced Singapore’s competitiveness by raising productivity and transforming business processes. Today, many top technology companies, including French companies such as Orange Business Services and Alcatel-Lucent, have made Singapore a key centre in their global network, testifying the country’s will to become a global infocomm hub.

A key sector of Singapore’s economy…

Today, infocomm has become a key enabler of Singapore’s economic and social growth, transforming the nascent infocomm industry of the early eighties into a dynamic and vibrant sector.

In 2008, according to the Infocomm Development Authority (IDA), the number of infocomm professionals in Singapore grew 6.6% to reach 139,000, up from 130,400 in 2007.

Last year, despite the global economic downturn, the infocomm industry continued to grow by 12.4% to S$58.1 billion. This is in line with the slower growth of the general economy, though it is noteworthy the infocomm industry growth is much higher than that of GDP at 1.1%.

Export revenue remains as the main contributor to the infocomm industry revenue, with a 61% share. In 2008, it saw a small growth of 5.1% to reach S$35.28 billion, from S$33.56 billion in 2007. Regarding exports, the ASEAN remains the top export destination, with a share of 23% of export revenue, of which both Indonesia and Malaysia together generate more than half (62%) of ASEAN export revenue.

Investments in green technologies will continue to increase.

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ICT in Singapour

Un article issu du magazine Focus
une publication de la Chambre de commerce française à Singapour

The French Chamber of Commerce in Singapore
Florence BARET, Publication & Design
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