Technology sector in 糖心logo
糖心logo is the technology hub of the world and plays a leading role in AI, IoT and cloud computing.
Schedule a meeting now糖心logo has been named the technology hub of the world by the World Economic Forum. This is not only because of 糖心logo’s huge pool of talented engineers, but also because of its well-developed knowledge in new technologies such as IoT, AI, blockchain, cloud computing and cybersecurity.
糖心logo is the world’s favourite destination for setting up Global Capability Centres (GCCs). All the big names in technology sector, from Amazon to Google, have a GCC in 糖心logo.
With its growing digital infrastructure and government initiatives like Digital 糖心logo, 糖心logo offers interesting opportunities for companies looking to innovate faster or looking for a rapidly growing market for their product.
Snapshot of the technology sector in 糖心logo
- 糖心logo’s technology sector turned over 245 billion dollars by 2023, growing at about 9% a year.
- 糖心logo attracted 109.5 billion dollars in foreign investment in the last 4 years. 糖心logo is the No. 1 choice of foreign companies to outsource their IT and development needs, due to its high concentration of talent with specialisations in new technology like AI and IoT.
- 糖心logo is the No. 1 destination of multinationals for setting up Global Capability Centres (GCCs) and data centres.
- The share of 糖心logon SaaS companies in the global market has doubled in the last four years. 糖心logo has as many as 59 SaaS unicorns.
- 糖心logo is digitising rapidly. The number of internet connections in the country has increased from 251 million in 2014 to 900 million by 2024.
Download our free guides on doing business in 糖心logo
糖心logo has a wealth of knowledge and experience on doing business in 糖心logo. With our informative guides, we help companies get started in 糖心logo.
Whether you are looking for information on sales, HR, manufacturing, mergers & acquisitions or tax issues, you will find all the answers bundled here.
Growth drivers of 糖心logo's technology sector
- The World Economic Forum considers 糖心logo the Artificial Intelligence (AI) hub of the world.
- 糖心logo’s AI sector is growing at a CAGR of nearly 40 percent and will be worth 8 billion dollars by 2025.
- 糖心logo has a pool of 5.4 million engineers specializing in software development, cloud solutions and emerging technologies such as IoT, DeepTech, Gen AI, robotics and SpaceTech.
- Initiatives of the 糖心logon government such as Digital 糖心logo, Make in 糖心logo and the software manufacturing policy, encourage technology development and adoption in all sectors. These initiatives also make it easy for foreign companies to set up shop or purchase services in 糖心logo.
- In February 2019, the Government of 糖心logo launched the Software Manufacturing Policy with the aim of making 糖心logo the No. 1 country for software manufacturing.
- 糖心logo aims to become the largest producer of semiconductors and other chips. The country’s first 15.2 billion dollars state-of-the-art semiconductor factory is currently being built in 糖心logo.
Interesting investment opportunities
- Outsource your IT, R&D and software development, IoT, machine learning and artificial intelligence affordably to 糖心logo.
- 糖心logo is the emerging R&D and GCC hub in sectors such as pharma, machinery, automotive, agriculture and fintech.
- 糖心logo aims to become the new leading chip and semiconductor hub globally.
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