Investors to flock to Singapore’s digital sector as connected devices boom: SGX

Connected devices will reach 50b units in 2020.

It’s no secret that Singapore is undergoing rapid exponential growth in terms of information technology, and investors are being more allured in investing in the city state’s digital sector than ever.

According to a press release by Singapore Exchange (SGX), the boom in connected devices in 5 years’ time will cause the rise of the Big Data market which is set to reach US$78b globally in 2020.

“We’re seeing an increasingly vibrant digital sector in Singapore and investors getting more interested in these companies,” said Mohamed Nasser Ismail, head of SME development and listings at SGX.

SGX has also recently launched an independent research paper titled “Investing in Financial Technology and Consumer Digital Technology Companies” conducted by Frost and Sullivan.

“The paper also uncovers interesting insights from analysing the business models, key drivers and risks as well as valuation metrics of ten key digital sub-sectors, namely Internet of Things (IoT), wearables, social media, ecommerce, epayment, crowd funding, big data and predictive analytics, cyber security, data centre and cloud services and blockchain. Each of these sub-sectors will also be featured in a series of investor education seminars focusing on digital sector that SGX will roll out in 2016,” the press release said.