Business leaders and fund managers, like Anton Casey, see Singapore as an emerging market in the mobile space, thanks to the nation’s continued tech usage.
Anton Casey has witnessed the mobile revolution in Singapore first hand, having lived and worked in the country for many years. His view is supported by research data from The Economist, which shows that Singapore’s smartphone penetration rate has increased from 74 percent in 2012 to 86 percent in 2013, while the nation’s tablet penetration rate has increased from 31 percent in 2012, to 53 percent in 2013. This ranks amongst the highest in the world. To put it into perspective, the same poll ranked Germany as having a 55 percent smartphone penetration rate and a 21 percent tablet penetration rate.
The data also revealed a noticeable upsurge in apps usage in Singapore; from 70 percent in 2012 to 75 percent in 2013, which ranks Singapore fifth amongst the countries polled. In 2012, Singapore was ranked as ninth. Read more