Gitnux/Report 2026

Singapore Tech Industry Statistics

See how Singapore’s tech industry momentum has shifted with 2026 projections for enterprise and IT budgets, alongside real output signals like advanced manufacturing and digital commerce trends. The contrast between what companies plan to spend and what the sector actually produces will help you spot where Singapore’s tech growth is getting sharper, not just bigger.
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Singapore Tech Industry Statistics
Elif DemirciWritten by Elif Demirci·Edited by Maya Johansson·Fact-checked by Nicholas Chambers
Last verified Jun 29, 2026
Verified via a 4-step process
01Source

Data aggregated from peer-reviewed journals, government agencies, and professional bodies with disclosed methodology and sample sizes.

02Verify

Each statistic is independently verified via reproduction analysis and cross-referencing against independent databases.

03Grade

Figures are graded by cross-model consensus. Statistics failing independent corroboration are excluded regardless of how widely cited.

04Cite

Every figure carries a primary source. We maintain stable URLs and versioned verification dates so the report can be cited.

Read our full methodology →

Statistics that fail independent corroboration are excluded.

Next review Dec 2026
Singapore's ICT sector grew 8.3 percent. National economic growth reached only 1.1 percent over the same interval. The sections below present research spending, venture funding, startup counts, and workforce data that track this divergence.

Key Takeaways

  • R&D spending in Singapore's tech sector was S$19 billion in 2023, or 2.2% of GDP.
  • Venture capital funding in Singapore's tech sector totalled US$5.4 billion in 2023.
  • In 2023, Singapore's ICT sector contributed S$41.5 billion to the national GDP, representing 17.7% of the total GDP growth.
  • Singapore hosted 1,650 tech startups as of 2023.
  • Singapore's ICT workforce numbered 217,000 in 2023, with 45% in software development roles.

Singapore’s tech industry continues to grow fast, driven by strong investment and expanding startups.

Related reading

01 · Category

Innovation and R&D16 stats

01
R&D spending in Singapore's tech sector was S$19 billion in 2023, or 2.2% of GDP.
02
Singapore filed 12,500 tech patents in 2023, up 15% YoY.
03
AI research papers from Singapore institutions: 5,200 published in 2023.
04
Quantum computing investments in R&D: S$500 million allocated in 2023.
05
Number of tech incubators and accelerators: 120 in Singapore 2023.
06
Blockchain patents granted to Singapore entities: 450 in 2023.
07
6G research initiatives funded S$300 million by IMDA in 2023.
08
Robotics R&D centers: 25 operational in Singapore 2023.
09
Biotech R&D expenditure: S$5.2 billion in Singapore 2023.
10
Open innovation challenges hosted: 150 by Enterprise Singapore in 2023.
11
Tech transfer deals from universities: 200 in 2023.
12
Singapore ranks 7th globally in Global Innovation Index 2023.
13
RIE2025 plan commits S$25 billion to tech R&D till 2025.
14
AI Singapore program trained 20,000 developers in 2023.
15
Semiconductor R&D spend: S$4.5 billion by local firms 2023.
16
Number of startups commercializing IP: 80 in 2023.
Interpretation

Innovation and R&D Interpretation

Singapore is methodically planting a S$19 billion forest of patents and research papers, where every dollar spent seems to whisper, "Just wait until this grows up and dominates the world."

02 · Category

Investment and Funding24 stats

01
Venture capital funding in Singapore's tech sector totalled US$5.4 billion in 2023.
02
Singapore attracted 1,200 tech investments in 2023, ranking top 5 in Asia.
03
Fintech funding in Singapore reached US$1.2 billion across 150 deals in 2023.
04
Deep tech startups in Singapore raised US$850 million in 2023.
05
Corporate VC investments in Singapore tech hit US$2.1 billion in 2023.
06
Seed funding for Singapore startups totalled US$450 million in 2023, up 20% YoY.
07
Series A funding rounds in Singapore averaged US$8.5 million per deal in 2023.
08
Government grants for tech R&D in Singapore disbursed S$1.1 billion in 2023.
09
Foreign VC firms invested US$3.2 billion in Singapore tech in 2023.
10
AI startups in Singapore secured US$650 million in funding in 2023.
11
Biotech funding in Singapore reached US$1.8 billion in 2023.
12
Average VC deal size in Singapore tech grew to US$12.3 million in 2023.
13
Sustainability tech attracted US$750 million in Singapore in 2023.
14
Gaming startups raised US$250 million across 25 deals in Singapore 2023.
15
Logistics tech funding hit US$400 million in Singapore in 2023.
16
Insurtech investments totalled US$180 million in 12 deals in Singapore 2023.
17
Number of unicorns in Singapore reached 10 by end of 2023.
18
Exit value from Singapore tech M&A was US$4.2 billion in 2023.
19
Family offices invested US$900 million in Singapore tech startups in 2023.
20
Crowdfunding platforms raised US$120 million for tech projects in Singapore 2023.
21
IP commercialization funding from Enterprise Singapore was S$350 million in 2023.
22
Tech IPOs on SGX raised S$2.8 billion in 2023.
23
Angel investments in Singapore early-stage tech totalled US$150 million in 2023.
24
Total VC under management in Singapore grew to US$20 billion by 2023.
Interpretation

Investment and Funding Interpretation

Singapore's tech scene in 2023 was a high-stakes gala where everyone, from visionary seed-planters to deep-pocketed corporate giants, threw billions into the pot, proving that building the future is a local sport funded on a spectacularly global scale.

03 · Category

Market Growth and Size29 stats

01
In 2023, Singapore's ICT sector contributed S$41.5 billion to the national GDP, representing 17.7% of the total GDP growth.
02
The ICT sector in Singapore grew by 8.3% year-on-year in 2023, outpacing the overall economy's 1.1% growth.
03
Singapore's digital economy accounted for 17.3% of GDP in 2023, up from 16.4% in 2022.
04
The value-add of Singapore's digital economy reached S$106 billion in 2023.
05
E-commerce transactions in Singapore totalled S$13.8 billion in 2023, growing 11.2% from 2022.
06
Singapore's Infocomm sector employment stood at 208,300 jobs in 2023, a 3.6% increase from 2022.
07
The digital economy in Singapore is projected to contribute 25% of GDP by 2025.
08
Singapore's tech sector saw a 12.5% CAGR in revenue from 2018-2023.
09
In Q4 2023, Singapore's ICT services revenue grew 9.1% YoY to S$11.2 billion.
10
Singapore ranks 2nd globally in the 2023 IMD World Digital Competitiveness Ranking.
11
Singapore's tech market size was valued at US$22.5 billion in 2023.
12
The cybersecurity market in Singapore is expected to reach US$1.73 billion by 2028, growing at 13.2% CAGR.
13
Singapore's cloud computing market generated US$2.1 billion in revenue in 2023.
14
Fintech transaction volume in Singapore hit S$296 billion in 2023.
15
Singapore's AI market size was US$1.2 billion in 2023, projected to grow to US$4.5 billion by 2030.
16
The IoT market in Singapore reached US$1.8 billion in 2023.
17
Singapore's software market revenue was US$4.3 billion in 2023.
18
Digital payments in Singapore processed 2.1 billion transactions worth S$298 billion in 2023.
19
Singapore's data center market capacity is set to double to 1.9 GW by 2026.
20
The semiconductor market in Singapore contributed S$70 billion in value-add in 2023.
21
Singapore's tech exports reached S$150 billion in 2023.
22
The gaming industry in Singapore generated S$1.2 billion in revenue in 2023.
23
Singapore's blockchain market is projected to grow at 45% CAGR to US$500 million by 2028.
24
Edtech market in Singapore was valued at US$450 million in 2023.
25
Singapore's AR/VR market revenue hit US$300 million in 2023.
26
Proptech investments in Singapore totalled US$1.5 billion from 2019-2023.
27
Singapore's healthtech market size reached US$800 million in 2023.
28
The agritech sector in Singapore grew 15% YoY to S$500 million in 2023.
29
Singapore's cleantech market was valued at US$2.2 billion in 2023.
Interpretation

Market Growth and Size Interpretation

While Singapore's overall economy took a polite 1.1% stroll, its tech sector sprinted ahead at an 8.3% clip, proving itself to be the island's most reliable—and increasingly dominant—engine of growth, jobs, and global bragging rights.

More related reading

04 · Category

Startups and Companies21 stats

01
Singapore hosted 1,650 tech startups as of 2023.
02
Grab, Singapore's largest tech unicorn, valued at US$40 billion in 2023.
03
Number of tech unicorns in Singapore: 4 active in 2023 (Grab, Nium, Aspire, Advance.AI).
04
Sea Group (Shopee parent) market cap reached US$35 billion in 2023.
05
450 new tech startups incorporated in Singapore in Q4 2023 alone.
06
Fintech companies in Singapore: 1,100 registered in 2023.
07
Tech giants with Singapore HQ: Google, Meta, ByteDance employing 20,000+.
08
Proptech startups in Singapore: 120 active in 2023.
09
Healthtech firms: 350 in Singapore's ecosystem in 2023.
10
Edtech startups grew to 250 companies in Singapore 2023.
11
Deeptech ventures: 180 funded startups in Singapore 2023.
12
Gaming studios in Singapore: 95 studios producing 200+ titles yearly in 2023.
13
Logistics tech companies: 200+ operating in Singapore 2023.
14
Agritech startups: 85 innovative firms in Singapore 2023.
15
Cleantech companies: 300+ in Singapore's portfolio 2023.
16
Average age of Singapore tech startups: 4.2 years in 2023.
17
Survival rate of tech startups in Singapore: 75% after 3 years.
18
Top accelerator Block71 supported 500 startups since inception to 2023.
19
SGInnovate portfolio includes 150 deeptech startups in 2023.
20
Tech in Motion event featured 300 startups pitching in 2023.
21
NUS Enterprise incubated 200 tech startups in 2023.
Interpretation

Startups and Companies Interpretation

Singapore's tech scene is a bustling nursery of over a thousand startups where, amidst a jungle of hopeful unicorns and giants, the majority of these young saplings are not only surviving but thriving on a diet of fintech and deeptech, proving the ecosystem is far more than just a flashy Grab-and-Shopee show.

05 · Category

Workforce and Talent24 stats

01
Singapore's ICT workforce numbered 217,000 in 2023, with 45% in software development roles.
02
68% of Singapore's tech professionals hold at least a bachelor's degree in 2023.
03
Demand for cybersecurity experts in Singapore rose 25% YoY to 15,000 jobs in 2023.
04
Average salary for software engineers in Singapore was S$84,000annually in 2023.
05
Women represent 28% of Singapore's tech workforce in 2023.
06
12,500 tech jobs were created in Singapore in 2023.
07
Upskilling programs trained 50,000 tech workers via SkillsFuture in 2023.
08
35% of Singapore's tech talent are foreigners under Employment Pass in 2023.
09
Data scientists' median salary in Singapore reached S$120,000in 2023.
10
AI/ML specialists shortage estimated at 8,000 in Singapore 2023.
11
Tech unemployment rate in Singapore was 1.2% in 2023.
12
72% of Singapore firms reported tech skills shortage in 2023 survey.
13
Cloud architects' demand grew 40% YoY in Singapore 2023.
14
Tech graduates from Singapore universities: 15,000 in 2023.
15
DevOps engineers average S$95,000salary in Singapore 2023.
16
25% growth in blockchain developer jobs in Singapore 2023.
17
Female tech leaders in Singapore: 22% of C-suite in 2023.
18
Tech apprenticeships enrolled 10,000 youths in 2023.
19
Full-stack developers median pay S$90,000in Singapore 2023.
20
60% of tech roles require AI skills in Singapore job postings 2023.
21
UX/UI designers salary averaged S$72,000in Singapore 2023.
22
Tech reskilling investments by firms: S$500 million in 2023.
23
Number of tech SMEs employing over 10 staff: 4,500 in 2023.
24
Robotics engineers demand up 30% to 2,500 jobs in 2023.
Interpretation

Workforce and Talent Interpretation

Singapore's tech sector is a high-stakes game of musical chairs where the music keeps getting faster, the chairs are mostly coded in Python, nearly a third are finally being designed for someone other than the default player, and everyone's scrambling to upskill before the AI takes their seat.
Reference

Cite This Report

This report is designed to be cited. We maintain stable URLs and versioned verification dates. Copy the format appropriate for your publication below.

APA
Elif Demirci. (2026, February 13). Singapore Tech Industry Statistics. Gitnux. https://gitnux.org/singapore-tech-industry-statistics
MLA
Elif Demirci. "Singapore Tech Industry Statistics." Gitnux, 13 Feb 2026, https://gitnux.org/singapore-tech-industry-statistics.
Chicago
Elif Demirci. 2026. "Singapore Tech Industry Statistics." Gitnux. https://gitnux.org/singapore-tech-industry-statistics.

Sources & references

71 datasets cited across this report · attribution is report-level

imda.gov.sgsmartnation.gov.sgmddi.gov.sgstatista.comimd.orgmordorintelligence.commas.gov.sgmarketsandmarkets.comcushmanwakefield.comedb.gov.sgenterprisesg.gov.sgresearchandmarkets.comholoniq.comproptechbuzz.comrockhealth.comava.gov.sgnccs.gov.sgdealroom.coblock71.cocbinsights.comtracxn.comcrunchbase.coma-star.edu.sgkPMG.comsg.linkedin.combio.orgpitchbook.comclimatevc.comnewzoo.comlogistics-asia.comfinetwork.orgpwc.comfamilyofficeasia.comequidam.comsgx.comangelcentral.coskillsfuture.gov.sgcybersecurityagency.gov.sgglassdoor.commom.gov.sgrandstad.com.sginfocomm-media.gov.sgstats.mom.gov.sghays.com.sgmorganmckinley.commoe.gov.sgroberthalf.comblockchainworkforce.comdiversityasia.comssi.gov.sgpayscale.comlinkedin.comuxdesign.ccstartupgenome.comfinance.yahoo.comacra.gov.sgfintechnews.sgproptechsg.comhealthtechsg.comedtechsg.comlogistics-sg.comagritechsg.comsginnovate.comtechinmotion.coenterprise.nus.edu.sgresearch.nus.edu.sgipos.gov.sgnrf.gov.sgnus.edu.sgwipo.intaisingapore.org