Singapore Enterprises Focus on Investing in Core ICT Domains, States Kable in Its In-Demand Report Published at MarketPublishers.com26 Sep 2016 • by Natalie Aster
LONDON – With the economic restructuring and stabilisation in Singapore, both efficiency and productivity have registered considerable growth in the country. The domestic enterprises are willing to invest in different forms of technology during the next few years. The country has a very developed trade-oriented market economy, which has constantly taken advantage of the foreign direct investment (FDI) inflows from global institutions and capital providers.
The focus of Singapore’s enterprises lies on IoT applications, security products, network services, and cloud computing.
In addition, local enterprises are paying their careful attention to investing in the core ICT domains such as software & hardware, telecom, and IT services to boost their overall efficiency.
Singapore-based enterprises are incessantly making massive investments in data centers and enterprise applications, whilst network services are also expected to gather speed in 2016.
The report “ICT investment trends in Singapore; Enterprise ICT spending patterns through to the end of 2017” developed by Kable reviews the findings from a survey of 45 domestic enterprises pertaining to their ICT investment trends.
The report gives information on the change of ICT budgets in 2016 with respect to overall size; allocation across the core elements of IT spend; distribution of ICT SGD in such areas as the applications, networks, service desk, and data centers; the ICT functions that local enterprises are willing to outsource; investment priorities of domestic companies on the basis of their budget allocations within core technology categories. Furthermore, the report casts light on the factors that impact the investments in each category of technology. It also reviews the allocation of IT budgets of the domestic firms across different segments within a technology category; distribution of the companies’ ICT budget across different segments in a technology category. Vendor satisfaction ratings for versatile core and advanced technology categories are also included. The research study canvasses the enterprises' favoured buying approaches. It reviews the business goals that the country’s enterprises are seeking to reach via their IT investment strategies, and identifies the factors that are impacting the enterprises' decisions in selecting an ICT provider.
More topical studies by our market research partner are available at Kable page.