Business
Singapore IT spending by verticals
Sectors like government, healthcare and financial services are banking on IT to improve service delivery capabilities. Find out how much their IT investments will amount to.
Technologies ranging from mobile devices and wireless networks to radio frequency identification (RFID) tags and biometric security, are helping to transform Singapore's industries.
The island-state has regularly made headlines as its vertical sectors such as financial services and healthcare, adopt the latest technologies to stay ahead of the business innovation curve.
Here is a quick look at the projected IT spending across key verticals in Singapore (US$M):
| 2006 | 2007 | 2008 | |
| Government | 609.8 | 653.3 | 682.8 |
| Healthcare | 73.9 | 74.8 | 76.8 |
| Retail | 84.2 | 89.7 | 95.3 |
| Banking | 868.0 | 919.1 | 968.8 |
| Finance markets | 295.1 | 318.3 | 340.8 |
| Insurance | 102.1 | 105.2 | 109.0 |
| Discrete Manufacturing | 598.1 | 597.2 | 605.3 |
| Process Manufacturing | 132.8 | 134.7 | 137.2 |
Source: IDC Asia-Pacific