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5 minute read

Singapore ICT sector: Driving the Nation’s Economic Success into the Future

Thinking of joining or making a mid-career switch to the ICT sector? Here’s an overview of the sector and what to expect in the road ahead.

How big is the Infocomm Technology (ICT) sector in Singapore?

Singapore is one of the world’s most wired countries and has one of the most technologically advanced Information and Communications Technology (ICT) markets.  Ranked fifth in the world as a country with the highest digital quality of life, we offer world-class infrastructure, talent, and a vibrant ecosystem of partners. 

In addition to serving as the region’s trading centre, Singapore is universally regarded as the top leading tech hub in the Indo-Pacific, a key reason why 5,400 U.S. entities are registered in Singapore. Singapore is home to more than 80 of the top 100 software and services companies, including Facebook, Google, and Microsoft, offering digital platforms and services that are key to the digital transformation of companies locally.

It also serves as a base for well-known media companies such as Lucasfilm, Walt Disney Company and Ubisoft, which complement local players and talents for a growing and vibrant technology and media industry.

Looking for a role in the ICT industry? Explore over 100,000 jobs across several industries, now available on MyCareersFuture now!

How important is the ICT sector in Singapore?

As Singapore continues to build its digital economy, technology and media will be key drivers in transforming the way we live, work, play and learn in Singapore. A key enabler for all industries, technology and media will enhance Singapore’s competitiveness by raising productivity and transforming work processes through a highly skilled and specialised workforce. 

Singapore’s Smart Nation journey began in 2014, with the vision to create new opportunities and to better the lives of people. The smart nation drive is an effort by the government to harness innovative technologies and solutions to transform the city-state in healthcare, transportation, urban living, government services and businesses. 

Since then, Singapore has embarked on various digital policies and implemented strategic national projects and initiatives. These efforts reduce friction between the government, businesses and citizens, improving productivity while paying attention to sustainability.

Singapore is also a key player in the 5G market. The government has invested heavily in rolling out 5G infrastructure and the city-state’s three major telco providers launched 5G services for consumers and businesses.

What is the outlook for the Singapore ICT sector?

In 2020, despite the challenges posed by the COVID-19 pandemic, the ICT sector in Singapore saw record growth. The sector’s output increased by 3.4% during the year, with the IT services and digital media sub-sectors seeing the strongest growth. This growth is expected to persist in the coming years, as more and more organisations look to digitalise their operations.

Another key factor driving the growth of Singapore’s ICT sector is the country’s focus on innovation. Singapore has a vibrant startup ecosystem, with a large number of incubators and accelerators providing support and resources to entrepreneurs. 

To encourage innovation, the Government also introduced the Startup SG Founder scheme, which provides funding and mentorship to early-stage startups. This focus on innovation has led to the development of cutting-edge technologies and solutions in areas such as fintech, healthtech, and edtech.

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The Singapore ICT sector is actively hiring

The ICT sector in Singapore is still actively hiring, with a strong demand for skilled professionals in areas such as software development, data analytics, and cybersecurity. 

One of the main drivers of this demand is the ongoing digitalisation of businesses and organisations in Singapore. As more companies move their operations online and adopt digital technologies, they are in need of professionals who can help them navigate the rapidly changing digital landscape.

5G technology is expected to provide a major boost to the ICT sector, with new opportunities arising in areas such as Industry 4.0, self-driving cars, and smart cities. As a result, companies in the sector are looking for professionals who have the skills and experience to take advantage of these opportunities.

Initiatives such as the Infocomm Media Development Authority’s (IMDA) National Talent Development Initiatives and the SkillsFuture initiative provide funding and resources to help individuals develop the skills they need to succeed in the ICT sector.

So, if you’re keen on joining the ICT sector, there’s no better time than now to come on board or make the career switch! Here is some useful reading to help you learn more about the sector.

Tech Sector Hiring & Salary Outlook 2023: Sustained Demand for Tech Talents

Singapore’s ICT Sector: Top 10 In-Demand Jobs, Salaries and Career Conversion Programmes for a Successful Industry Switch

Future of Work: How to Keep Up With Digital Transformation

Upskilling Digitally: What Certifications and Courses Matter in Singapore

Here Are the Top Tech Skills You Need for Your Resume

Job Search Tips: Top 5 Keywords to Include in Your IT Resume

How to Craft a Resume Targeted for Tech Start-Ups

Thinking of a Mid-Career Switch to ICT? Hear from Industry Veterans

Need to Prove Your Digital Skills for an Interview? Here’s How

5 Technology Recruitment Trends in Singapore in 2021

What it Takes to Join the Fintech Industry in Singapore

Why Take Up a Programming Course in Singapore?

Top 5 Digital Skills You’ll Need in 2021 (and Possibly in 2022 Too)

Women in Tech: Learn How These 10 Singaporeans Are Making Waves

Why You Should Jumpstart Your Career in IT With an SME

Non-STEM Qualifications Doesn’t Mean You Can’t Join Singapore’s Tech Companies. Learn How She Did It!

Working in Tech and Got Retrenched? Here’s a Guide to Looking Ahead for Singaporean Workers

How Employers Can Hire Digital Talent in a Disruptive Age

Artificial Intelligence: The Future of Finding Talent?

Why Now is the Best Time for Singaporean SMEs to Embrace Tech

How Local Companies Are Shaking Up Traditional Industries With Artificial Intelligence

How to Get the Right Talent to Fill an Entry-Level Cyber Security Role

Pursuing a Career in FinTech? Consider These 5 Roles

Want to Thrive in Digital Marketing? Here Are the 5 Technical Skills You’ll Need

3 Skills You Need to Become a Successful UI Designer

4 Things You Must Learn as a UX Designer

What Can You Do With a Digital Marketing Certificate?

What Does a Data Analyst Do and the Skills Required

What Makes a Great Computer Engineer?

Want to Be a Software Engineer? Wow Your Interviewers With These Skillsets

IT Skills That Will Help Your E-commerce Career Soar

3 Must-Learn Skills for Successful SME E-Commerce Employment

Explore Singapore’s e-Commerce Industry: Entry-Level Jobs to Apply for

Is Cyber Security a Good Career Fit for You?

Why These Cyber Security Certifications Can Land You Your Dream Role

Data Analytics: What’s the Job Market Now, Who’s Hiring, and is it the Career for You

Top 5 Entry-Level IT Jobs You Can Apply in Singapore

Working in the “Metaverse”: What Jobs Could Arise and What Skills Would Singaporean Workers Need to Log in?

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