The Singapore Infocomm industry revenue grew by 5.1% from $30.65 billion in 2001 to $32.17 billion in 2002, according to the Annual Survey on Infocomm Industry for 2002. The companies surveyed also forecast continued growth for the next 2 years - 4.5% for 2003 and 7.5% for 2004...
Singapore, 30 September 2003 | For Immediate Release
Survey Indicates 5% Industry Revenue Growth In 2002
The Singapore Infocomm industry revenue grew by 5.1% from $30.65 billion in 2001 to $32.17 billion in 2002, according to the Annual Survey on Infocomm Industry for 2002. The companies surveyed also forecast continued growth for the next 2 years - 4.5% for 2003 and 7.5% for 2004.
These figures were revealed by Dr Lee Boon Yang, Minister for Information, Communications and the Arts, at the Official Opening of the IX2003 Conference and Exhibition. Dr Lee also revealed that manpower needs would continue to grow albeit at relatively modest rates over the next 2 years (0.2% in 2003 and 1.2% in 2004). This is according to the Annual Survey on Infocomm Manpower for 2002, which indicated that the current pool of Infocomm manpower in Singapore stood at almost 104,000, representing 5% of Singapore's workforce. About half were in the industry sector and the other half in supporting end-user organizations.
The surveys also indicated many Infocomm job opportunities. In fact, over 3,000 job vacancies went unfilled in the industry in 2002. The highest number of job vacancies was in Applications Development & Integration, Technical Support and Infocomm Education & Training.
The Infocomm Industry Survey noted that the sector contributing most to the total industry revenue growth was from Hardware Retail, about 34.5%, followed by the Software sector at 25%. In terms of domestic market performance, telecommunications services accounted for 40.3% of domestic revenue. However in the export market, Hardware Retail and Software accounted for than 90%. Most exports went to the United States, followed by ASEAN countries.
"The Infocomm industry will remain resilient and important. ICT is pervasive, and many new possibilities are yet to be fully realised," noted Mrs Tan Ching Yee, CEO of the IDA, "Looking ahead, the challenge, as it has always been, is to marry the problems to be solved with technological solutions. At the IDA, we are committed to helping Government and key sectors find these opportunities and thereby grow the ICT industry. In this venture, I am happy we have the industry as our partners."
In March 2003, the IDA identified five industry clusters with strong growth potential for Singapore over the next three years. Good progress has been made in all these areas. The clusters include,
- Web Services & Portals. The $40 million WEAVE programme was announced in May 03. Since then, S$20 million has been committed to 13 projects piloting the use of web services in diverse industry sectors from insurance to travel. These projects will create new jobs and generate revenues of about S$46 million over the next 2 years. Singapore is also the first Asian country to chair a global technical committee of the International Organisation for the Advancement of Structured Information Standards (OASIS). This committee will develop Web Services implementation standards and demonstrates Singapore's commitment to thought leadership in the global Web Services industry.
- Value-added mobile services. Three new Calls-For-Collaboration for mobile payments, workplace productivity and the development of Java-based solutions have been completed . These are expected to generate S$38 million in business spending. Another two are in progress.
- Wired and wireless networks. IDA has initiated a partnership with Intel, regional telecommunications companies and their vendors. The first five Asian Telecommunications partners were announced recently. Testing will be conducted for roaming between wireless networks and new standards for seamless interconnectivity between fixed and wireless networks will be set.
- Multimedia Processing & Management. Singapore is on the way to becoming a key node in the world trade of digitised information, with the hubbing of games and entertainment companies here. Digital distribution will be a key focus.
- Security & Trust Infrastructure. The IDA will set aside S$21 million to help promote the growth of Security & Trust infrastructure in 4 focus areas: Factor Authentication, Perimeter Defence, Identity Management and Monitoring & Response.
ISSUED BY CORPORATE COMMUNICATION DIVISION
INFOCOMM DEVELOPMENT AUTHORITY OF SINGAPORE
About Infocomm Development Authority of Singapore
The Infocomm Development Authority of Singapore (IDA) is a dynamic organisation with an integrated perspective to developing, promoting and regulating info-communications in Singapore. In the fast-changing and converging spheres of telecommunications, information and media technologies, IDA will be the catalyst for change and growth in Singapore's evolution into a vibrant global info-communications technology centre. For more information, visit https://www.imda.gov.sg/
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|More Details on IDA Surveys|
|Survey Title||Date of Issue|
|Annual Survey of Infocomm Manpower for 2002 (882.35KB)||
30 September 2003
|Annual Survey of Infocomm Industry for 2002 (227.69KB)||
30 September 2003
|Key Findings of Infocomm Industry Survey 2002 (1.87MB)||
30 September 2003