Singapore's infocomm services industry is well-positioned to tap into the new business opportunities of the digital age. An early mover in infocomm technology, Singapore today ranks 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 2013". The roll out of the Intelligent Nation 2015 Master Plan and the National Broadband Network will further strengthen Singapore's infrastructure network.
Aside from excellent infrastructure, infocomm services companies are drawn to Singapore because of its robust intellectual property protection regime, good physical and trade connectivity, and easy access to global talent. Companies from across the infocomm services space, spanning Internet, software, and services, have undertaken a full suite of business activities in Singapore, from headquarter functions, research and development, to the deployment of solutions to global markets. The presence of these leading companies has created significant synergies for the industry, and provides fertile ground for collaboration.
The Internet 2.0 revolution is also creating a new generation of web-based applications that is transforming business models and the way people communicate. Singapore has its finger on the pulse of this revolution and aims to harness the Internet to serve the global market.
Singapore's strategic geographical location and cosmopolitan environment provide companies a vantage point for meeting the needs of a rapidly developing Asia. As Asia becomes the next driver of demand and innovations, Singapore is well-positioned to help infocomm services companies better understand and meet the needs of consumers across Asia and beyond.
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FACTS AND FIGURES
- Singapore's infocomm industry saw its revenues grow 18.5% in 2011 to reach S$83.4 billion.
- There are more than 143,000 infocomm industry professionals in Singapore. Of this, more than 83% have at least a tertiary education.
- Singapore is a global data management hub connected to 15 active submarine cable systems, with a total submarine cable capacity of 114 Tbps and more than 50% of the commercial carrier and carrier neutral data centre space in South East Asia.
- Singapore is home to more than 80 of the top 100 software and services companies. Many of them, including the top 15 software companies, have regional or Asia Pacific headquarters here.