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Major market players are investing heavily in technological upgradation to gain a competitive edge.
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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In 2023, the market reached an approximate value of USD 31.11 billion.
The market is estimated to grow at a CAGR of 7.3% between 2024 and 2032.
The market is estimated to witness a healthy growth during 2024-2032 to reach around USD 58.65 billion by 2032.
The market is being driven by rapid urbanisation and swift digitalisation across the country.
The key trends aiding the ICT market in Singapore include the development of data centres and the rapid adoption of technologies like 5G across the region.
The different enterprise sizes considered in the market report include small and medium enterprises and large enterprises.
The major players in the market are IBM Corp., Microsoft Corp., Google LLC, SAP SE, Oracle Corp., Intel Corp., HP Inc., Singapore Telecommunications Ltd., StarHub Ltd., and Cognizant Technology Solutions Corp., among others.
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