Digitalisation continues to be a key engine of Singapore’s economic growth. In 2024, the nation’s digital economy expanded by S$12 billion, reaching S$128.1 billion in total value. That’s now 18.6% of Singapore’s GDP, up from 18.0% in 2023 and 14.9% just five years ago.
But what’s especially striking is that this growth isn’t coming from the tech sector alone. According to IMDA’s Singapore Digital Economy (SGDE) Report 2025, more than two-thirds of the digital economy’s value came from non-Information & Communications (I&C) sectors.
This means that industries like Finance & Insurance, Wholesale Trade, and Manufacturing are leading the digital charge — showing that digitalisation is no longer the domain of tech firms, but a growth driver for every kind of business. Whether you’re a bank, a logistics company, or a factory, digital tools and data are now at the heart of how value is created.
SMEs, too, are stepping up. The report highlights that smaller enterprises are increasingly putting digitalisation at the core of their operations — proof that transformation is taking root across all levels of the economy.
Singapore’s tech workforce continues to expand alongside this momentum. The number of tech professionals grew from 208,300 in 2023 to 214,000 in 2024, with strong demand for roles in AI & Data and Cybersecurity. Much of this growth came from non-I&C sectors, reflecting how deeply digitalisation has penetrated traditional industries.
Tech jobs also remain among the most rewarding in the market. In 2024, resident tech workers earned a median monthly wage of S$7,950, well above the overall median of S$4,860, underscoring the strong career prospects in the digital economy.
The demand for AI-related skills is another clear trend. Between 2019 and 2024, job postings requiring AI expertise surged across sectors including I&C, Finance & Insurance, Manufacturing, and Professional Services — mirroring Singapore’s growing appetite for AI adoption.
AI at Work: More Tools, More Productivity
AI has quickly become part of everyday working life in Singapore. According to IMDA’s latest pulse survey, nearly three in four workers (73.8%) now use AI tools at work, many of them several times a week, if not daily.
Among these users:
58% turn to AI for brainstorming and ideation,
54% use it for writing and editing, and
42% rely on it for administrative tasks.
The impact has been overwhelmingly positive. A large majority (85%) reported higher productivity, time savings, and better-quality work. Nearly half (48%) said AI helped boost their creativity, while one in three (33%) found it useful for learning and skill development.
Crucially, employers are enabling this shift. About seven in ten AI users said their companies provided support to use AI effectively, most often through training (62%), access to paid AI tools (42%), and clear workplace guidelines (30%).
From boardrooms to back offices, Singapore’s digital transformation story is no longer just about technology. It’s about how every worker, enterprise, and industry is harnessing it to grow, innovate, and thrive.
