Last Updated: 23 Jan 2024
Infocomm Media
Singapore’s economy has undergone a profound transformation driven by the rapid evolution and widespread adoption of digital technologies. Opportunities in Singapore’s digital economy awaits companies and those who recognise the potential of digitalisation and have been investing to enhance their productivity and offerings, allowing consumers to reap the benefits of greater convenience and efficiency. This leads to an ever-growing demand for a digitally enabled workforce in the infocomm media sectors.
Growth Opportunities
As the digital capital of Asia, Singapore is the preferred base for Information & Communications Technology (ICT) and media firms with our world-class infrastructure, talent and vibrant ecosystem of partners. Singapore’s digital economy takes up more than 15% of the GDP and the number of tech jobs has seen continuous growth over the years. This expansion of the digital economy is not only driven by the Information and Communications (I&C) sector, but also the non-I&C sectors. Overall, Singapore’s digital economy has been growing strongly and its longer-term outlook remains positive. Demand for digital workers has benefited local workers and tech professionals command a competitive wage higher than that of the overall residents’ median wage.
Fun Facts
Singapore is home to many global technology firms including Google, Facebook, Alibaba, Netflix, Ubisoft, Walt Disney and regional leaders like Garena, Grab, Lazada and Razer. All these firms are part of a rich ecosystem in Infocomm media which complement local players and talents for a growing and vibrant technology and media industry.