ICT Opportunities Abound in Singapore’s Public Sector with US$720 million Procurement Plans Announced for FY10, Says IDC Government Insights
Singapore & Hong Kong, June 23, 2010 – IDC Government Insights projects that in FY10, the overall ICT spending in Singapore is expected to increase year-over-year* (YoY). This forecast follows Infocomm Development Authority of Singapore’s (IDA) recent announcement that it plans to invest US$720 million (S$1.1 billion) 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 (Doc #AP9694104S, June 2010),” 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 (See Figure 1).
Figure 1
A scan of the current public sector ICT procurement landscape reveals the following:
- Although the bulk of Singapore’s government ICT procurement activities remain decentralized across agencies, they have to strictly adhere to central procurement guidelines issued by the Ministry of Finance (MOF).
- The IDA will be carrying out centralized bulk purchases for common ICT goods and services, and individual government agencies can purchase their ICT needs from these contracts.
- Emerging technologies such as cloud computing, operations sustainability and new ways of transacting information through new media and web 2.0 initiatives will be the focus in upcoming government tenders.
Gerald concludes, “Overall, the Singapore government is consciously investing in projects such as public services revamp, systems consolidation, and other sustainable business solutions to better manage costs over the long term. As such, proposals that will allow government agencies to reduce the high upfront capital expenditures and to manage operational expenses will be the most well received.”
For more information about the research or to purchase this data, please contact Jace Tang at +65-6829-7723 or [email protected]. For press enquiries, please contact Lay Fang Tan at +65-6829-7731 or [email protected].
* Excluding “one-off” major development projects such as such as the Next Generation National Broadband Network (NGN) and the Standard ICT Operating Environment (SOE) for schools that occurred in FY08 and FY09.
About IDC Government Insights
IDC Government Insights is headquartered in the metropolitan Washington, D.C. area in Falls Church, Virginia, with additional offices worldwide. IDC Government Insights is uniquely qualified to track, analyze, and forecast government technology spending based on in-depth government budget and spending analysis globally. Expert analysts examine IT value based on government-defined key result areas; decipher policy and regulatory goals to identify game-changing government strategies and inform critical decision making; survey government decision-makers to determine effectiveness of IT vendors’ go-to-market strategies; along with government-centric metrics and rankings of suppliers’ effectiveness in addressing specific government business problems, all with absolute independence and transparency. International Data Corporation (IDC) is the premier global provider of market intelligence, advisory services, and events for the information technology market. IDC is a subsidiary of IDG, the world’s leading technology, media, research, and events company. For more information, please visit www.idc-gi.com.
For more information, contact:
Gerald Wang
[email protected]
+65-6829-7764
Lay Fang Tan
[email protected]
+65-6829-7731
