Singapore IDA invests US$720M in ICT

By EgovAsia Editors | Jun 24, 2010

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IDC Government Insights projects that in FY10, the overall ICT spending in Singapore [1] is expected to increase year-over-year(YoY). This forecast follows Infocomm Development Authority of Singapore's (IDA) [2] recent announcement that it plans to invest US$720 million in about 350 new ICT procurement tenders for FY10. More insights are revealed in the study, “Opportunities Abound: Analysis of Singapore's US$720 Million Public Sector FY10 ICT Procurement Plans” which provides an analysis of the upcoming public sector ICT projects and opportunities for ICT vendors selling to Singapore’s government.

According to IDC Government Insights, more than 50% of the projected infocomm tenders in FY10 will be under S$500,000. “This allows for a myriad of business opportunities for participating vendors of different sizes, with a wide dispersion of smaller value contracts expected”, says Gerald Wang, Senior Market Analyst at IDC Government Insights Asia/Pacific.

As the public sector continues its governmental computerization implementations with the iGov2015 masterplan, IDC Government Insights believes that the next few years will be a crucial time for government IT. ICT projects in FY10 onwards are expected revolve around seven key themes: cloud computing, ubiquitous presence, social media [3], open data and services, sustainable technologies, business analytics, and "OneInbox" and data repository.