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:

 Digital content
 Value Added Mobile Services
 Infrastructure for Wireless & Wired Networks
 Multimedia Processing & Management
 Web Services & Portals
 Security & Thrust Infrastructure
 Web2.0 services
 Cloud Computing
 Business Analytics
 RFID
 Business Process Outsourcing

For the following sectors:

  Digital Media & Entertainment
 Education & Learning
 Financial Services
 Healthcare & Biomedical Sciences
 Hi- Tech Manufacturing & Logistics
 Tourism, Hospitality & Retail
 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:

 Big Data
 Cloud Computing
 Cyber Security
 Internet of Things
 ICT and Sustainability
 Comms of the Future
 Social Media
 New Digital Economy
 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.

 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