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ICT Investment Trends in Singapore: New ICT reforms driving investments in technology

ICT Investment Trends in Singapore: New ICT reforms driving investments in technology

  • October 2017
  • 35 pages
  • ID: 5336508
In this report:
According to the Monetary Authority of Singapore, the Singaporean economy is expected to grow by ##.##% in 2017, compared to the previous year.
According to GlobalData's survey, ##% of Singaporean enterprises are willing to increase their ICT budget, both slightly (##%-##%) and significantly (##%+) in 2017, an increase of ##% compared to 2016.

Summary

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ICT Investment Trends in Singapore (SG): New ICT reforms driving investments in technology

Brief

The restructuring and stabilization of the Singaporean economy is indicative of different forms of technology investments enterprises are likely to explore over the next two years. Furthermore, growth of sectors including manufacturing, construction, wholesale and retail trade, and transportation are giving further boost to the economy.

Overview

- As part of its clever nation initiative, the Singaporean government is spending $1.70B for Smart Nation apps, and is partnering with small businesses and startups to expand technologies.

- Information Systems Audit and Control Association and the Cyber Security Agency of Singapore have signed a Memorandum of Understanding to jointly enhance Singapore's cyber security capabilities and workforce.

- Singaporean government is planning to adopt a private cloud solution called Central G-Cloud for services such as government web service exchange and gateways to SingPass and e-Payment services.

Great reasons to purchase

- Understand how the Singaporean enterprises' ICT landscape is set to change in 2017 to prioritize your target market

- Comprehend how Singaporean dollar are being allocated by Singaporean enterprises in particular geographies and size bands to improve your market uptake

- Make effective business decisions by recognizing the opportunities within each of the core areas of ICT spend (hardware, software, IT services, telecommunications, and consulting)

- Realign your sales initiatives by understanding the current tactical objectives of Singaporean enterprises

- Enhance your market segmentation with the included, detailed breakdown of opportunities within selected technology categories (IoT, cloud computing, mobility management, and security products)

- Prioritize your focus areas by understanding which factors are influencing Singaporean enterprises' decisions when selecting an ICT provider

- Comprehend the changes in clients' priorities and analyze the business objectives that Singaporean enterprises are looking to achieve through their ICT investment strategies.

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