DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/mplw9m/it_market_in) has announced the addition of the "IT Market in Singapore 2015-2019" report to their offering.
The IT market in Singapore to grow at a CAGR of 4.75% over the period 2014-2019
IT consists of providing IT service, products, software, and solutions to an organization to integrate and streamline its various processes. IT enables a smooth flow of information across an organization. It helps an organization to align its business processes with various technologies. IT is mainly required to develop a secure environment, maintain a uniform flow of information, and build an economical, long-term cost structure. Economic optimism is prompting organizations in Singapore to invest in IT to further develop the IT infrastructure in the country. Government initiatives in the country is also gaining traction in IT investments.
The increased adoption of virtualized environment is one of the major trends emerging in the market. The concept of desktop virtualization is on a rise in Singapore with each business opting for desktop virtualization and creating a virtualized IT environment.
According to the report, IT initiatives taken by the government of Singapore are a major driver in the market. The government adopted various projects such as establishment of datacenter parks, and e-government initiatives such as creation of a single portal to access all government websites. This has increased the demand for IT in Singapore.
Further, the report states that issues related to security breaches are a major challenge in the market. Advances in technology have raised the prevalence of sharing of confidential data. At times, hackers intrude the privacy of users and use this data for illegal purposes.
Key Topics Covered:
- Executive Summary
- List of Abbreviations
- Scope of the Report
- Market Research Methodology
- Market Landscape
- Market Segmentation by Category
- Buying Criteria
- Market Growth Drivers
- Drivers and their Impact
- Market Challenges
- Impact of Drivers and Challenges
- Market Trends
- Trends and their Impact
- Vendor Landscape
- Key Vendor Analysis
For more information visit http://www.researchandmarkets.com/research/mplw9m/it_market_in