Overview
Singapore's infocomm sector is a key contributor to its economy. Revenues for the infocomm industry hit $83 billion in 2011, representing an 18.5 per cent growth over 2010.
Infocomm has greatly enhanced Singapore's competitiveness by raising productivity and transforming business processes. For five consecutive years, Singapore has been in the top three positions in the World Economic Forum's Global IT Report. In the latest ranking, Singapore was ranked fourth globally.
The Accenture's e-government study, "Leadership in Customer Service: Delivering on the Promise", placed Singapore 1st among 22 countries, ahead of Canada and the United States of America.
Today, many top technology companies have made Singapore a key node in their global network, a strong testament to the country's strategic position as a global infocomm hub.
IDA seeks to build on this and further enhance the competitiveness of Singapore’s infocomm industry by increasing its technological depth in strategic areas, driving productivity and enhancing innovation. It also aims to create a vibrant start-up ecosystem, spur the inorganic growth of the industry and deliver manpower development programmes to meet the needs of the infocomm sector. At the same time, its internationalisation programme aims to assist Singapore infocomm enterprises to make inroads into global markets.