According to research firm IDC’s projections, Singapore’s public sector ICT spending will increase by 3.5% per year to US41.5 billion in 2013.
The Infocomm Authority of Singapore has plans to invest in S$1.1 billion worth of tenders for this financial year ending March 2011, with a significant proportion of the 350 tenders valued below S$500,000 each, creating business opportunities for providers of different sizes.
The spending areas include cloud computing, social networking, business analytics and technology that can enable the Government to better reach out and collaborate with citizens and businesses.
July 16, 2010 Comments Off
The global video gaming industry in 2009 was estimated at US$52.5 billion, and video game revenue is expected to jump to US$86.8 billion in 2014, according to PricewaterhouseCoopers.
And with the Singapore video games industry growing from $87 million in 2005 to $285 million in 2007, Herman Ng, managing director of Rapture Gaming, co-organisers of The Games XPO (TGX) 2010 said that he hoped the exhibition would promote game developers based in Singapore.
Christopher Low, managing director of Pendulab, a Singapore-based casual games company said that there is a huge market for such games. He cited that Zynga achieved around US$300 million in revenue last year.
He added that gaming industry is forming and becoming noticeable as overseas game developers are also entering Singapore.
“Singapore — a hub for technology startups” might seem like a message
lifted straight from marketing brochures and not in tune with reality
on the ground.
The organizers of Echelon 2010, one of the leading technology conferences in Asia, had got to experience this phenomenon. While there is a lot of talk about the burgeoning Asian tech-startup scene, this event showcased the continent’s diversity of startup ventures by featuring 50 startups, 40 speakers, and 650 attendees from over 20 countries.
“Events like this make a huge difference and put Singapore on the
technology map,” said Michael Smith, director of technology initiatives for Yahoo.
Read more in VentureBeat
Local mobile applications developers can now gain advanced technical skills training and hands-on experience with leading mobile MNC partners.
Working with MNC partners such as Google, Microsoft, Nokia and Research In Motion (RIM), developers will receive training in technical areas relevant to the partners’ operating platforms, including cross-platform technologies, web-based technologies, and user interface and experience design. They will also be given the opportunity to leverage the partners’ channels to market the solutions they have developed under the training period.
Read full article here
Greenplum Database, a solutions provider for large-scale data warehousing and analytics to some of the world’s largest data-driven businesses more than doubled both revenue and new customers in 2009, despite the recession then.
The company’s co-founder and president, Scott Yara said, ”Although Singapore is a fairly small market compared to others, it is nevertheless an important one’.
A Silicon Valley venture-funded company founded in 2003, it established its regional headquarters in Singapore in 2007. Mr Yara noted the huge potential of emerging markets as the next billion Internet users are to come from this region. He sees markets such as China, India and Japan to grow very rapidly, as well as South-east Asia, Korea and Australia.
‘Currently, almost half of our global customers are in Asia, and we enjoyed exceptionally strong acceptance in the China and Korea markets, as well as the telecoms, financial services and ‘Internet 2.0′ sectors. The public sector is another area we are expecting strong business growth going forward.’
The company’s Singapore regional headquarters has various key functions, including supporting roles. ‘Although Singapore is a fairly small market compared to others, it is nevertheless an important one. Government initiatives in broadband networks and Cloud Computing, such as Singapore’s Next Generation Nationwide Broadband Network, will drive massive growth in data volumes, leading the need for advanced and cost-effective ways of analysing that data to understand customer and citizen needs.’
Given the demographics and the economic growth of Asia, Mr Yara said that it is very natural that the company enjoys cost-effectiveness and strong success in this part of the world.
‘Singapore’s role as a regional headquarters for many large international corporations, coupled with its growing reputation as a secure, reliable data centre hub, provides excellent business opportunities for deployment of our technology.’
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