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.

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