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” 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,”noted 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: cloud computing; ubiquitous presence; social media; open data and services; OneInbox and data repository; business analytics; and sustainable technologies.

 

A scan of the current public sector ICT procurement landscape reveals that 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.