Singapore Software Market Summary, Competitive Analysis and Forecast, 2017-2026


Summary

Software in Singapore industry profile provides top-line qualitative and quantitative summary information including: market size (value 2017-21, and forecast to 2026). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.


Key Highlights

  • The software market is defined as revenues generated from both: sales of, and subscriptions to, various software packages and offerings. The market includes both signed deals that remain under contract, and the annual revenues associated with new contracts signed, within a particular calendar year. This excludes sales opportunities for third-party services providers.
  • The Singaporean software market had total revenues of $8.1 billion in 2021, representing a compound annual growth rate (CAGR) of 5.9% between 2016 and 2021.
  • The business process applications segment was the market’s most valuable in 2021, with total revenues of $2.7 billion, equivalent to 33.1% of the market’s overall value.
  • The COVID-19 crisis highlighted several examples of processes that can be digitized and virtualized which increased demand for software products.




Scope

  • Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the software market in Singapore
  • Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the software market in Singapore
  • Leading company profiles reveal details of key software market players’ global operations and financial performance
  • Add weight to presentations and pitches by understanding the future growth prospects of the Singapore software market with five year forecasts




Reasons To Buy

  • What was the size of the Singapore software market by value in 2021?
  • What will be the size of the Singapore software market in 2026?
  • What factors are affecting the strength of competition in the Singapore software market?
  • How has the market performed over the last five years?
  • What are the main segments that make up Singapore’s software market?