The ICT sector in Singapore is projected to see a steady increase in the number of patents filed from 2024 to 2028, based on forecasted data. In 2023, the ICT sector had 328.0 patents. The forecast indicates growth from 333.75 in 2024 to 360.83 in 2028, representing a consistent year-on-year growth rate:
• 2024: 333.75 (+1.75%)
• 2025: 340.57 (+2.04%)
• 2026: 347.36 (+2.00%)
• 2027: 354.11 (+1.95%)
• 2028: 360.83 (+1.90%)
The compound annual growth rate (CAGR) for this period is approximately 1.93%, indicating a steady yet gradual increase in innovation activity within the ICT sector in Singapore.
Future trends to watch for include advancements in AI, 5G, and cybersecurity technologies, which could drive higher patent activity. Additionally, government policies promoting digital transformation will likely encourage further research and development in the ICT sector.
