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Tech and Services Sector

Mission & Objectives

Singapore stands as a premier hub for the Tech & Services sectors, making it an ideal gateway for French companies seeking to export and expand in Asia. With strong government backing under initiatives like Smart Nation 2.0, Singapore invests heavily in advanced technologies including AI, cloud computing, quantum tech, and cybersecurity. The country's strategic geographic location, world-class digital infrastructure, and pro-business environment nurture innovation in key areas such as Web 3, fintech, edtech, retailtech, robotics, IoT, and creative industries.

This vibrant ecosystem, combined with a skilled tech workforce and access to Southeast Asia’s broad markets, offers French tech and services companies unparalleled opportunities for growth, collaboration, and leadership in a rapidly evolving digital economy. Entering Singapore opens doors to a forward-looking market where technology drives significant business and societal transformation.

Market Info

Nicknamed the “Switzerland of Asia,” Singapore ranks as the world’s 4th leading financial center according to the Global Financial Centres Index 2025. The finance and insurance sector plays a key role in the economy, accounting for 14% of national GDP.

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The cybersecurity market in Singapore is expected to experience significant growth, increasing from EUR 2.44 billion in 2025 to EUR 5.15 billion by 2030—an increase of over 110% in just five years.

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Singapore’s technology market is one of the most dynamic in Southeast Asia. This growth is driven by a particularly vibrant technology ecosystem and strong government support for innovation.

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Singapore is now a strategic technology hub in Asia, particularly in the fields of electronics, photonics, and the Internet of Things (IoT—the interconnection between the internet and objects, places, and environments). Electronics accounts for approximately 46.9% of the country’s manufacturing output and 9.7% of national value added.

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The City of Orchids stands out as a key destination for the retail market. Thanks to its strategic location, it attracts millions of international visitors each year (16.5 million in 2024). When combined with 7 million local consumers, the retail market represents 1.4% of Singapore’s GDP.

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In Singapore, cultural and creative industries play an important role in the city-state’s strategy for economic diversification and international influence. The government has successfully positioned Singapore’s unique cultural identity—based on a blend of Indian, Malay, and Chinese communities—as a lever of soft power.

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Market News

Your Dedicated Advisor

Adrien ALLAMAND

TFE Expert in Tech & Services

(65) 6933 5710

aallamand(@)fccsingapore.com

 

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