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Singapore Information and Communications Technology Industry Report - 2015

  • January 2016
  • -
  • Emerging Markets Direct Media Holdings
  • -
  • 33 pages

This report profiles Singapore's information and communications technology (ICT) industry, discussing market trends and outlook through 2015 and beyond. The report also highlights leading players in the sector including SingTel Ltd, StarHub Ltd and M1 Ltd.

Singapore's ICT or infocomm industry saw a period of high growth during the last decade. Amongst the major Southeast Asian countries, Singapore had the highest penetration rate of mobile cellular subscriptions. The government has played a proactive role in promoting the country's ICT industry as it is seen as a growth driver for the economy.

The sector comprises five major segments: hardware, software, telecommunication services, information technology services, and content services. Hardware was the dominant segment in terms of total revenues as of 2014. Singapore is suited for hardware production because of its high-quality manufacturing systems that is backed by an established ecosystem of component manufacturers, EMS companies and logistics service providers. Singapore is also home to top software and services companies. Many companies, including the top 15 software firms, have regional or Asia Pacific headquarters in the country. IT services consisting of network and data management services form the backbone of the ICT sector. The advent of smart phones has brought a spurt in data related revenues for telecommunication firms. On the other hand, fixed line services are slowly but gradually losing subscriber base in the country.

The future of ICT sector in Singapore will be driven by cloud computing, social media, mobile devices and data usage of subscribers. Data traffic is growing at an exponential rate due to the rising popularity and use of social media and mobile applications. The advent of smartphones and tablets is further fueling the rise in this traffic. The rise in penetration of smartphones and growing data usage will also require investment in infrastructure and network management services.

Key Points:

o Hardware was the dominant segment accounting for around 69% of the ICT industry's total revenues as of 2014.

o 12% of the ICT industry's revenue came from the software segment as of 2014. Software revenues are primarily generated from selling or licensing software.

o 9% of the ICT industry's revenue came from the telecommunication services segment as of 2014. The annual revenue of the telecommunication services segment grew at a CAGR of 6% over the last six years.

o FY14 was a tough year for the ICT sector with average growth of 3.6%, which was far below the historic average. However, in FY15, the sector revived with an average growth of 5.1% in 9MFY15.

Table Of Contents

Singapore Information and Communications Technology Industry Report - 2015
1. Industry Profile

1.1 Sector overview

1.2 Sector size

1.3 Competitive landscape

1.4 Environmental scanning

2. Market Trends and Outlook

2.1 Key economic indicators-Singapore

2.2 Hardware segment

2.3 Software segment

2.4 Telecommunication services segment

2.4.1 Mobile cellular services

2.4.2 Fixed line services

2.4.3 Internet and broadband services

2.5 IT services segment

2.6 Content services segment

2.7 Market outlook

3. Leading Players and Comparative Matrix

3.1 Leading players

3.1.1 Singapore Telecommunications Limited (SingTel)

3.1.2 StarHub Limited (StarHub)

3.1.3 M1 Limited (M1)

3.2 Comparative matrix

3.3 SWOT analysis

4. Tables and Charts

Table 1: World mobile cellular subscription statistics

Table 2: Key ratios of the leading players (FYE)

Table 3: Latest financial results of leading players (QE Sep 2015)

Chart 1: Mobile cellular penetration rate across major Southeast Asian countries

Chart 2: Size of Infocomm industry of Singapore

Chart 3: Breakup of infocomm industry of Singapore by segment revenue share

Chart 4: Size of the domestic market of Infocomm industry of Singapore

Chart 5: Size of the export market of Infocomm industry of Singapore

Chart 6: Constituent parties in parliament

Chart 7: Cost of business start-up procedures in 2013

Chart 8: Percentage change over previous year- GDP by Sector

Chart 9: Annual trade balance of Singapore

Chart 10: Current account balance of Singapore

Chart 11: Annual fiscal balance of Singapore

Chart 12: Average monthly USD to SGD exchange rate

Chart 13: Inflation -Singapore

Chart 14: GDP by sectors at factor prices

Chart 15: Percentage change over previous year- Infocomm sector

Chart 16: Annual revenues earned by the hardware segment

Chart 17: Breakup of ICT export revenue of Singapore by segments

Chart 18: Annual revenues earned by the software segment

Chart 19: Employed infocomm manpower in Singapore

Chart 20: Annual revenues earned by the telecom services segment

Chart 21: Mobile cellular penetration rate in Singapore

Chart 22: Mobile data usage in Singapore

Chart 23: Breakup of mobile subscriptions in Singapore by technology

Chart 24: Fixed line penetration rates

Chart 25: Breakup of fixed line subscriptions in Singapore by user type

Chart 26: Method of internet access by proportion of subscriptions

Chart 27: Broadband subscriptions in Singapore

Chart 28: Annual revenues earned by the IT services segment

Chart 29: Breakup of ICT domestic revenues by segments

Chart 30: Annual revenues earned by the content services segment

Chart 31: Y/Y growth in different segments of the Singapore ICT industry

Chart 32: Breakup of SingTel's EBIDTA by regions

Chart 33: Net sales of SingTel

Chart 34: Profit margins of SingTel

Chart 35: Breakup of StarHub's revenue by segment

Chart 36: Net sales of StarHub

Chart 37: Profit margins of StarHub

Chart 38: Breakup of M1's revenue by segment

Chart 39: Net sales of M1

Chart 40: Profit margins of M1

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