SINGAPORE – 06 OCT 2025
The Infocomm Media Development Authority (IMDA) has launched its Annual Report 2024/2025 and the third edition of the Singapore Digital Economy (SGDE) Report 2025. Together, these reports highlight how digitalisation and AI adoption are powering Singapore’s Digital Economy, as well as IMDA’s role in ensuring that enterprises and workers are ready to capitalise on tomorrow's opportunities.
Annual Report 2024/2025
The IMDA Annual Report 2024/2025 showcases how we are actively shaping Singapore's digital future amidst the global economy's pivotal inflection point where technological advancement is reshaping how nations operate. The report highlights how these developments are driving growth of our Digital Economy, with enterprise digitalisation deepening and AI adoption surging among businesses and workers. Discover how our initiatives over the past year have built strong foundations for businesses and workers — while balancing innovation with responsibility and local impact with global leadership — to ensure Singapore seizes emerging opportunities and remains resilient against new challenges.
Highlights:
- Over 95% of SMEs now adopt at least one digital technology, reflecting the success of our CTO-as-a-Service platform with traffic growing three-fold in 2024.
- SMEs who have adopted AI-enabled solutions under the Productivity Solutions Grant reported an average cost savings of 52% in 2024.
- Resident tech workers’ wages are now 64% higher than the overall resident median monthly wage. This highlights our efforts in talent investment, from helping more than 340,000 individuals upskill to placing over 21,000 locals in tech jobs through TechSkills Accelerator (TeSA).
- We expanded digital infrastructure with 300+ megawatts of data centre capacity and launched the world's first multi-operator quantum-safe network to future-proof Singapore's digital backbone.
- Our nationwide Digital for Life (DfL) movement reached over 636,000 beneficiaries through more than 300 partners, helping them thrive in the digital age.
- Singapore will continue investing in Gen AI, Agentic and Embodied AI, Quantum Communications and Computing, Privacy-Enhancing Tech, and new Digital Connectivity technologies. IMDA will introduce new programmes and support measures later this year.
Singapore Digital Economy Report (SGDE) 2025
The Singapore Digital Economy (SGDE) Report 2025 takes a comprehensive look at Singapore’s Digital Economy (DE) in 2024. Now in its third edition, the report spotlights how enterprises and workers are adopting Artificial Intelligence (AI), and the evolving tech skills needed to succeed in a digital-first economy.
Highlights
- In 2024, the value added (VA) of Singapore’s DE expanded to S$128.1 billion, contributing to 18.6% of the nation’s Gross Domestic Product (GDP), up from 18.0% of GDP in 2023. Between 2019 to 2024, the DE grew at a compound annual growth rate (CAGR) of 12%, significantly faster than that of the nominal GDP growth rate of 7.3%.
- Two-thirds of Singapore’s Digital Economy comes from the VA arising from digitalisation in non-Information & Communications (I&C) sectors, showing that the DE was driven by not only the tech sector, but also by digitalisation across all other sectors.
- The digital adoption rate among SMEs improved as 95.1% of SMEs adopted at least one digital area in 2024, up from 94.5% in 2023
- Not only are more SMEs going digital, they are also deepening their digitalisation. SMEs saw the largest annual increase in digital adoption intensity in recent years – an average of 2.3 (out of six) digital areas adopted per SME in 2024, up from 2.0.
- In 2024, 97% of SMEs adopted at least one sector-specific digital solution, up from 85% in 2023.
- Rapid AI uptake across the board — SME adoption rates tripled from 4.2% to 14.5%; non-SMEs jumped nearly 20 percentage points from 44% to 62.5%.
- In terms of usage, AI-using firms mostly rely on off-the-shelf generative AI tools (84%), followed by domain-specific AI-enabled solutions (52%) and customised or proprietary AI tools (44%).
- AI helps users work better, do better work, and learn. Nearly 3 in 4 workers (73.8%) reported using AI tools at work, with many using AI several times a week or even daily.
- In 2024, Singapore’s tech workforce grew by 2.7% year-on-year to 214,000, led by roles in AI & Data and Cybersecurity. There was strong growth coming from non-I&C sectors.
- Tech jobs offer median monthly wages of S$7,950, higher than the median monthly wage of non-tech roles (S$4,860).
- AI and tech-specific skills drive hiring as postings for AI, Python, SQL, and cloud-related roles rise, while web development skills become less prominent.
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