ICT Sector

An Expert's View about IT and Telecommunications in Singapore

Posted on: 24 Oct 2012

Singapore’s infocomm sector is a key contributor to its economy. Singapore’s ICT sector revenues reached about £35.3 billion in 2010.

ICT Sector in Singapore Strategically located to serve Asia Pacific, Singapore aspires to gain the status of a global business and info-communications hub, and has worked hard to attain this goal. Singapore came in as the second most network-ready country in the world and the first in Asia, according to the World Economic Forum’s “Global Information Technology Report 2010/2011” Market overview Singapore’s infocomm sector is a key contributor to its economy. Singapore’s ICT sector revenues reached about £35.3 billion in 2010. Despite the global economic outlook, Infocomm Development Authority of Singapore (IDA) said the Singapore Government remains committed to investing in IT to enhance operational efficiency and productivity within the public sector and improve service delivery to businesses and citizens. The 2012 projected government spending on information and communications (infocomm) projects is about £600 million. Infocomm has greatly enhanced Singapore’s competitiveness by raising productivity and transforming business processes. The rollout of the National Broadband Network (NBN)(http://www.ida.gov.sg/infrastructure/20090731131156.aspx ) is on track, with about 85% of all homes and offices covered since January 2012. It will underpin the development of innovative services for enterprises and consumers alike. Today more than 90% of Fortune 1000 technology companies have made Singapore a key node in their global network. Key opportunities British companies in this sector, especially those involved in new applications, will find the market receptive to innovative ideas and products. UK products are generally perceived as niche and high quality. In accordance to the Intelligent Nation 2015 Master plan, a number of opportunities for collaboration and representation exist for British exporters in: ξ Digital content ξ Value Added Mobile Services ξ Infrastructure for Wireless & Wired Networks ξ Multimedia Processing & Management ξ Web Services & Portals ξ Security & Thrust Infrastructure ξ Web2.0 services ξ Cloud Computing ξ Business Analytics ξ RFID ξ Business Process Outsourcing For the following sectors: ξ Digital Media & Entertainment ξ Education & Learning ξ Financial Services ξ Healthcare & Biomedical Sciences ξ Hi- Tech Manufacturing & Logistics ξ Tourism, Hospitality & Retail ξ Government Services IDA has recently published their Infocomm Technology Roadmap (ITR) 2012, which could present business opportunities for UK companies. The 9 themes ITR focuses on are: ξ Big Data ξ Cloud Computing ξ Cyber Security ξ Internet of Things ξ ICT and Sustainability ξ Comms of the Future ξ Social Media ξ New Digital Economy ξ User Interface Latest export opportunities – ICT sector Latest export opportunities – Singapore Getting into the market The ICT industry is governed by the Infocomm Development Authority of Singapore (IDA). IDA aims to build a vibrant infocomm ecosystem by attracting multinational corporations and innovative foreign companies to Singapore to complement local infocomm enterprises and start- up companies. It also seeks opportunities to grow the infocomm industry by facilitating the entry of Singapore infocomm companies into the global marketplace. One of IDA's key responsibilities is creating a conducive, innovative, and competitive infocomm environment that is both proconsumer and pro-business. As the telecommunications regulator, IDA puts in place policies and regulatory frameworks to ensure free and fair competition in the telecoms market in Singapore so that consumers of infocomm products and services benefit from greater choices Find general information on Singapore market conditions on UKTI’s website. More about doing business in Singapore gives an overview of Singapores’ economy, business culture, potential opportunities and an introduction to other relevant issues. Contacts Market intelligence is critical when doing business overseas, and UKTI can provide bespoke market research and support during overseas visits though our chargeable Overseas Market Introduction Service (OMIS). To commission research or for general advice about the market, get in touch with our specialists in country - or contact your local international trade team. ξ Elsie Yim, British High Commission Singapore. Tel: +65 6424 4325 or email: elsie.yim@fco.gov.uk. Judi Leon, British High Commission Singapore. Tel: +65 6424 4200 or email: judi.leon@fco.gov.uk UKTI Events UKTI runs a range of events for exporters, including seminars in the UK, trade missions to overseas markets and support for attendance at overseas trade shows Latest events – ICT Sector Major Events RFID World Asia 2013 Date: 24-25 April 2013 Website address: http://www.terrapinn.com/exhibition/rfid-world-asia/index.stm CommunicAsia 2013/ BroadcastAsia 2013/ EnterpriseIT 2013 Date: 18-21 June 2013 Website address: http://www.communicasia.com/ / http://www.broadcast-asia.com/ / http://goto- enterpriseit.com/ Useful links More about OMIS and other UKTI services for exporters
Posted: 24 October 2012

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