DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/4d2174/singapore_informat) has announced the addition of the "Singapore Information Technology Report Q1 2011" report to their offering.
The Singapore Information Technology Report provides industry professionals and strategists, corporate analysts, information technology associations, government departments and regulatory bodies with independent forecasts and competitive intelligence on Singapore's information technology industry.
Singapore's IT market is projected to record single-digit growth in 2011, benefiting from economic growth which will consolidate a bounce-back in IT spending during 2010. BMI expects the total size of the domestic IT market to increase to around US$7.6bn in 2015, boosted by strong PC market growth, significant government ICT investment and a pick-up in key IT spending sectors such as financial services, telecoms and real estate.
In 2011, a strong economic recovery is expected to sustain IT spending. PC sales grew strongly in the first half of 2010, with a surge prior to the end of many companies' financial years in March which continued into the second quarter. While the sustainability of the global economic recovery is less certain over the next two years, we are upbeat on Singapore's economy over the longer term.
The IT market benefited from the announcement of SGD1.1bn in new infocomm tenders in 2010, as well as ongoing initiatives such as the government's Standard ICT Operating Environment (SOE) project. With the Intelligent Nation 2015 (iN2015) plan placing IT at the heart of the government's strategy to improve competitiveness, complex government tenders will drive considerable spending in years to come in areas such as education, e-government, transport and healthcare.
Read more inside Singapore Information Technology Report
Key Issues For Investors
- Further government-enforced reductions in labour costs and mandatory corporate contributions to pensions;
- Cuts to corporate and income taxes if the government sticks to its budgetary commitment to lower business costs; and
- Competitiveness is at risk of being eroded by cheap labour in China.
Key Topics Covered:
- Executive Summary
- Company Profiles
- Country Snapshot: Singapore Demographic Data
- BMI Methodology
Companies Mentioned:
- IBM Singapore
- Hewlett Packard Singapore
- Chartered Semiconductors
- Singapore Computer Systems
For more information visit http://www.researchandmarkets.com/research/4d2174/singapore_informat