The IT market in Singapore is characterised by the high adoption of smartphones and excellent broadband penetration, the research firm said. The outlook mirrors the positive economic environment in the country, encouraging several companies to embark on IT projects and increasing demand for hardware.
Singapore's position as a data centre hub and the government's continually enhanced infrastructure has also favoured the IT hardware market. Multinationals and enterprises have been attracted to set up corporate headquarters in the country, boosting the IT hardware market in Singapore, TechNavio said.
“Many industries such as financial, healthcare, and logistics are adopting big data for analytical purposes and to store large amounts of consumer data,” says Faisal Ghaus, Vice President of TechNavio.
“Big data would help businesses analyse large amounts of structured and unstructured data, gain unexpected insights from the data, improve productivity and profitability of the firm, and help companies to manage their highly sensitive data.”
Trends seen on the island include:
“Many industries such as financial, healthcare, and logistics are adopting big data for analytical purposes and to store large amounts of consumer data,” says Faisal Ghaus, Vice President of TechNavio.
“Big data would help businesses analyse large amounts of structured and unstructured data, gain unexpected insights from the data, improve productivity and profitability of the firm, and help companies to manage their highly sensitive data.”
Trends seen on the island include:
- Increased adoption of virtualised environments, cloud computing and big data
- Demand for low maintenance IT systems
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