Over the past three decades, Singapore has been harnessing infocomm technology (ICT) to support its economic and social development. This has gradually put Singapore among the top ICT hub in the world. According to the latest “Global Information Technology Report 2010/2011” jointly published by international business school INSEAD and the World Economic Forum, Singapore is ranked as the second most network-ready country in the world today.

 

The established finance system, efficient goods and labour market and a corruption-free government has attracted more than 700,000 MNCs to set up their operations here in Singapore. Other factors include a world-class infrastructure, strategic geographical location and a robust intellectual property protection regime.  In 2009, the industry generated $62.74 billion in revenues and hired over 140,000 people.

 

Singapore’s latest masterplan, dubbed the Intelligent Nation 2015 (iN2015), is envisioned to further strengthen the country’s infrastructure network and benefit ICT companies here. With its finger on the pulse of this revolutionary development, Singapore is well-positioned to tap into the new business opportunities of the digital information age.

 

To make Singapore the top investment location for global ICT firms, JTC continues to build infrastructures for this key economic sector.

Fast Facts

• Top 15 global software companies are headquartered in Singapore.
• Over 80 top software and services companies have presence here.
• In 2009, the infocomms industry generated $62.74 billion in revenues and employed over 140,000.
• About 84% of households have access to at least one computer at home, and households having broadband access are at 82%.
• Mobile phone penetration is at 137% with 6.8 million mobile subscribers.