In 2023, the finance and insurance sector in Singapore posted the largest growth rate out of all economic sectors in the country, at 5.4 percent. Overall, Singapore's GDP grew by 2.2 percent in that year.

The Singapore foodservice market is projected to exhibit a growth rate (CAGR) of 14.50% during 2024-2032. The market is driven by increasing disposable incomes of individuals, rising adoption of technology in the foodservice industry, growing health consciousness among consumers, and the expanding tourism industry.

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country level for 2024-2032. Our report has categorized the market based on foodservice type, outlet, and location.

In 2023, the gross domestic product (GDP) of the information and communication industry in Singapore amounted to approximately 36.33 billion Singapore dollars. This sector has been growing over the last ten years.

The Singapore health and wellness market is projected to exhibit a growth rate (CAGR) of 10.50% during ​2024-2032​. The market is driven by rapid urbanization, which leads to long working hours and higher levels of stress, along with the growing aging population that require more healthcare services to manage chronic conditions, age-related illnesses, and preventive care.

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country level for ​2024-2032​. Our report has categorized the market based on product type and functionality.

The Singapore Telecom Market Report is Segmented by Services (Voice Services [Wired and Wireless], Data and Messaging, and OTT and PayTV). The Market Sizes and Forecasts are Provided in Terms of Value (USD) for the Above Segments.

The Singapore freight and logistics market size reached US$ 66.7 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 113.6 Billion by 2032, exhibiting a growth rate (CAGR) of 6.10% during 2024-2032. Key factors driving market growth include the expansion of e-commerce, Singapore's strategic geographic location, and its advanced infrastructure, which together ensure efficient global trade and continuous growth in supply chain services.

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country level for 2024-2032. Our report has categorized the market based on logistics function and end use industry.

In 2023, the wholesale trade sector contributed 22.3 percent to Singapore's nominal gross value added (GVA). Singapore's economy posted growth across as sectors, indicating a recovery from the impact of the COVID-19 pandemic.

The Singapore hospitality market is projected to exhibit a growth rate (CAGR) of 4.50% during 2024-2032. The market is growing rapidly, driven by the increasing emphasis on strategic location and connectivity, implementation of supportive government initiatives and policies, and the rising popularity of cultural diversity and safety.

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country level for 2024-2032. Our report has categorized the market based on type and segment.

Singapore's MedTech manufacturing output value reached 20.09 billion Singapore dollars in 2023, which marked a ten-year-high. MedTech is a key sector in Singapore’s manufacturing industry and plays a vital role in positioning the country as a biomedical hub. Key figures of MedTech manufacturing in Singapore MedTech has increased its share of manufacturing output in Singapore in the last decade, making up close to five percent of the manufacturing sector as of 2023. The sector employs more than 17,000 people, who, on average, earn more than 76,000 Singapore dollars, higher than the average salary of workers in the manufacturing sector. Singapore’s MedTech manufacturing output includes diagnostics tools, medical supplies and equipment, as well as medical aids such as orthopaedic devices and hearing aids. Singapore’s MedTech manufacturing sector is rebounding after the pandemic Between 2020 and 2022, the MedTech sector saw declining manufacturing output growth, after experiencing a surge in demand during the initial phase of the pandemic. However, preliminary figures for 2023 show that the sector is growing again, amidst increasing export demand. Singapore’s largest export markets for medical equipment are the United States, South Korea, and India.

The Singapore Cybersecurity Market Report is Segmented by Offering (Solutions (Application Security, Cloud Security, Data Security, Identity and Access Management, Infrastructure Protection, Integrated Risk Management, Network Security Equipment, End-Point Security and Other Solutions) and Services (Professional Services and Managed Services)), by Deployment (On-Premise and Cloud), by Organization Size (SMEs, Large Enterprises), by End-User Industry (BFSI, Healthcare, IT and Telecom, Industrial and Defense, Retail, Energy and Utilities, Manufacturing, and Other End-User Industries). The Market Sizes and Forecasts are Provided in Terms of Value (USD) for all the Above Segments.

The Singapore fintech market size reached US$ 810 Million in 2023. Looking forward, IMARC Group expects the market to reach US$ 2,338 Million by 2032, exhibiting a growth rate (CAGR) of 12.50% during 2024-2032. The robust government support, increasing consumer demand for digital financial services, strong investment inflows, advanced digital infrastructure, and a highly skilled workforce are some of the major factors propelling the growth of the market.

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country level for 2024-2032. Our report has categorized the market based on deployment mode, technology, application, and end user.

The Singapore Freight and Logistics Market Report is Segmented by Function (Freight Transport, Freight Forwarding, Warehousing, and Value-Added Services and Other Services) and End User (Manufacturing and Automotive, Oil and Gas, Mining, and Quarrying, Agriculture, Fishing, and Forestry, Construction, Distributive Trade, Healthcare and Pharmaceutical, and Other End Users). The Report Offers Market Size and Forecast for all the Above Segments in Value (USD).

The Singaporean Data Center Power Market Report is Segmented by Power Infrastructure (Electrical Solution (UPS Systems, Generators, and Power Distribution Solutions (PDU, Switchgear, Critical Power Distribution, Transfer Switches, Remote Power Panels, and Others)) and Service) and End User (IT and Telecommunication, BFSI, Government, Media and Entertainment, and Other End Users). The Market Sizes and Forecasts are Provided in Terms of Value (USD Million) for all the Above Segments.

For the ninth year in a row, the Singaporean cosmetics market recorded growth in sales value, which increased by 1,020% to $4.3B in 2023. Over the period under review, consumption saw a significant increase. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

The Singaporean sportswear market expanded slightly to $9.7M in 2023, surging by 4.5% against the previous year. The market value increased at an average annual rate of +2.9% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Sportswear consumption peaked in 2023 and is likely to see steady growth in years to come.

Singapore E-Commerce Market Report is Segmented by B2C E-Commerce (Beauty and Personal Care, Consumer Electronics, Fashion and Apparel, Food and Beverage, and Furniture and Home) and B2B E-Commerce. The Market Sizes and Forecasts are Provided in Terms of Value (USD) for the Above Segments.

The Aerospace Industry in Singapore is Segmented by Industry (Manufacturing, Engineering and Design, and Maintenance, Repair, and Overhaul). The Report Offers Market Sizes and Forecasts for all the Above Segments in Terms of Value (USD).

After seven years of growth, the Singaporean coffee substitutes market decreased by -13.7% to $11M in 2023. Overall, the total consumption indicated temperate growth from 2012 to 2023: its value increased at an average annual rate of +2.8% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption increased by +48.0% against 2015 indices.

In 2023, after three years of growth, there was significant decline in the Singaporean water filter market, when its value decreased by -7.4% to $124M. Over the period under review, consumption, however, posted a strong expansion. As a result, consumption reached the peak level of $191M. From 2019 to 2023, the growth of the market remained at a somewhat lower figure.

The Singaporean worked flat glass market rose sharply to $331M in 2023, picking up by 12% against the previous year. Overall, consumption showed slight growth. Over the period under review, the market reached the maximum level at $513M in 2021; however, from 2022 to 2023, consumption stood at a somewhat lower figure.