Singapore Information Technology Report - 2025

Abstract

The IT market in Singapore is forecast to decelerate slightly in 2025 as economic growth weakens, but there are positive IT market fundamentals that will sustain a relatively strong growth trend in 2025 and over the medium term to 2028. Singapore is the leading regional hub for cloud services and is expected to be at the forefront of AI innovation and adoption. There is also upside potential if AI innovation enables more ambitious digital transformation strategies across the economy by lower costs for digital projects. Singapore's open economy is exposed to global risks, but we expect that the IT market will prove relatively resilient in most scenarios because of the high strategic value of cloud and AI investment.