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imbX 2012: An S$83 billion industry

Singapore’s infocomm industry posted its strongest growth in five years to reach S$83 billion in 2011 – an 18 per cent increase over the revenue for 2010. Of this, the proportion attributed to exports grew from 66 per cent to 71 per cent or S$59 billion, bringing Singapore within striking distance of its iN2015 goal to achieve S$60 billion in infocomm export revenue by 2015.

On the manpower front, the number of people employed in infocomm roles grew from 141,300 in 2010 to 142,900 in 2011.
The latest figures on Singapore’s infocomm industry and manpower were announced by Dr Yaacob Ibrahim, Minister for Information, Communications and the Arts, at the opening ceremony of the Infocomm Media Business Exchange (imbX) on 19 June 2012.
“The infocomm industry is a key contributor to Singapore’s economy and plays a vital role in enhancing competitiveness and productivity,” said Dr Yaacob. This year, IT spending in Singapore predicted to grow 5.5 per cent, driven by the innovative use of ICT, adoption of mobile devices and services and increased demand for ubiquitous and high-speed connectivity.
(Source: IDA)



Minister for Information, Communications and the Arts