Singapore's IT market to be rosy

DUBLIN, IRELAND: Research and Markets has announced the addition of the "IT Market in Singapore" report to their offering.

SMBs account for around half the total Singapore IT spends. A large number of small and medium sized businesses (SMBs) have already built the basic IT infrastructure and are now focusing on collaboration and connecting the enterprise through networking and server technologies. Further, these businesses are emphasizing on enhancing IT security and building data storage capacity.

Thus, SMBs are expected to spend a large proportion of their IT budgets on networking, storage and security over the period 2007-2010. ERP and other e-businesses are also increasing popularity with the SMB market as enterprises look to enhance productivity and reduce workforces through automating essential functions.

The report 'IT Market in Singapore' forecasts the overall IT market in the country over the period 2007-2010. Further, the overall IT market is segmented into software, hardware, services and communication for the years 2007, 2008, 2009 and 2010.

The report also presents market size forecast for software, hardware, services and communication over the period 2007-2010. In addition, it identifies and lays out the market size of key software, hardware, IT services and communication equipments & services for the year 2007.

This report can help IT vendors identify focus technologies and verticals. Further, the key market trends can help to understand latest market dynamics.

TechNavio Insights is a set of reports based on TechNavio - a market intelligence platform for the IT industry. It builds on the intelligence available within TechNavio, and leverages on the custom research experience of the Technology Navigators. TechNavio is built on years of experience of the author's in deep dive custom research and consulting for over 30 Fortune 500 companies and numerous large and mid-sized companies.