Singapore Enterprise ICT Investment Market Trends by Budget Allocations (Cloud and Digital Transformation), Future Outlook, Key Business Areas and Challenges, 2022

Singapore Enterprise ICT Investment Market Trends by Budget Allocations (Cloud and Digital Transformation), Future Outlook, Key Business Areas and Challenges, 2022

Summary

Singapore Enterprise ICT Investment Market Trends by Budget Allocations (Cloud and Digital Transformation), Future Outlook, Key Business Areas and Challenges, 2022 summarizes key findings from the GlobalData’s ICT customer insight survey carried out in H1-2022. It reveals how the overall ICT budgets and their allocations towards various business functions and spending areas, have changed for enterprises in the country in 2022 when compared to 2021. The report also discusses the change in ICT budget allocations for digital transformation enabling technologies like AI and ML, internet of things (IoT), automation/RPA and edge computing among enterprises in 2022 as compared to 2021. It sheds focus on the change in ICT budget allocations across 30 IT hardware, software, and service categories. The report also gives an indication of ICT opportunities in Singapore with forward-looking insights on enterprise spending priorities for over 100 ICT product and service sub-categories over next two years.

The survey report provides information and insights into ICT spending by enterprises in Singapore -

• Insights of its ICT budget allocation by business function and key spending areas
• Enterprise ICT budget allocations by type of ICT project
• Breakdown of enterprise budget allocation change by digital transformation areas
• Segment ICT budget allocation trends
• Insights on ICT technology spending priorities of enterprises in Singapore
• Enterprise cloud computing investment priority

• Cloud computing budgets across all cloud implementations seem to have increased for most enterprises for 2022 compared with 2021
entation models
• Most enterprises have slightly increased their software budgets across all the revenue source categories; however, a substantial number have also significantly increased their budget allocations for software vendors’ support/maintenance costs
• Most enterprises seem to have had slight increases in their software budget allocations across all the categories for 2022 compared with 2021
• Routers and SD-WAN are likely to remain the most preferred enterprise networking hardware and software investment areas, respectively for next two years

• The report is based on GlobalData’s IT Customer Insight Survey carried out annually covering key ICT decision makers from enterprises across various industry verticals to understand their ICT investment priorities and trends.
• This survey report offers a thorough, forward-looking analysis of Enterprise ICT Investment Trends and key ICT opportunities in a concise format to help executives build proactive and profitable growth strategies.
• Accompanying GlobalData’s IT Customer Insight Survey, the report examines the ongoing and upcoming trends in enterprise IT spending within Singapore.
• With more than 50 charts, the report is designed for an executive-level audience, boasting presentation quality.
• The report provides an easily digestible market assessment for decision makers built around research gathered from the local IT decision makers, which enables executives to quickly get up to speed with the current and emerging trends in Singapore's Enterprise ICT Spending.