Singapore's digital industries- Trend report 2025

As Southeast Asia's digital capital, Singapore continues to spearhead digital transformation across sectors—driven by deliberate government initiatives, technological investments, and a deep pool of digital talent. Here’s a snapshot of the most recent market indicators and emerging trends shaping Singapore's digital economy.

- 

MARKET GROWTH: FROM ICT TO DIGITAL ECONOMY

• The broader digital economy, which comprises the infocomm & communications (I&C) sector and digitalisation across other industries, accounted for approximately 17.3% of GDP in 2022.

• Singapore's ICT sector alone was valued at around USD 52 billion in 2024 and is projected to expand to US$128 billion by 2030, reflecting a compound annual growth rate (CAGR) of 16.2%.

• In parallel, the digital market at large is forecasted to grow at an even more robust CAGR of 20.4% between 2024 and 2030, fuelled by digital transformation initiatives like Smart Nation and Industry Transformation Maps.

These figures underscore how digital infrastructure and services are rapidly becoming core pillars of Singapore's economic growth.

KEY TRENDS DRIVING TRANSFORMATION

1. AI-Powered Automation & Predictive IntelligenceAI is deeply embedded into business workflows—from financial services to customer engagement—enabling smarter automation and data-driven decision-making. DBS Bank alone deployed over 300 AI models across operations including risk management and personalisation, showcasing the maturity of AI usage in enterprise contexts.