10 Stats That Show a Bright Future for Data Science in Singapore
SVA Recruitment, an IT and tech recruitment agency in Singapore, has seen a consistent increase in demand for professionals skilled in data science. Organizations across various sectors are actively seeking data experts to turn complex data into valuable business insights.
As companies embrace digital transformation, it’s clear that data science in Singapore is becoming more essential than ever. While major corporations and tech giants have led the way, smaller companies are gradually recognizing the potential of data science to drive smarter decisions, innovation, and competitiveness.
Here are 10 key statistics that prove why the future of data science is both promising and urgent for businesses in Singapore.
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1. Global Big Data Analytics Market to Reach $638.66 Billion by 2028
The global big data analytics market was valued at $239.75 billion in 2021 and is expected to reach $638.66 billion by 2028, growing at a CAGR of 15.3%. (Source: The Insight Partners)
2. Data Interactions Increased by 5000% in a Decade
Between 2010 and 2020, data usage surged from 1.2 trillion gigabytes to 59 trillion gigabytes globally. (Source: Forbes)
3. Big Data in Healthcare Will Be Worth $71.6 Billion by 2027
With a CAGR of 14.1%, big data in healthcare is expected to reach $71.6 billion, reflecting a growing need for data science roles in this critical sector. (Source: Globe News Wire)
4. 75.44 Billion IoT Devices by 2025
IoT device installations are projected to hit 75.44 billion by 2025. In 2022 alone, there were 42.62 billion devices. This fuels demand for analytics and cloud-based data science applications. (Source: Statista)
5. 95% of Businesses Struggle with Unstructured Data
Unstructured data accounts for 80–90% of the world’s data, yet most businesses lack the talent to manage it effectively. (Source: Forbes)
6. 31% Growth in Demand for Data Analytics Roles
The U.S. Bureau of Labor Statistics projects a 31% growth in data analytics-related jobs through 2030—far above average. (Source: U.S. Bureau of Labor Statistics)
7. By 2025, 80% of Analytics Projects Will Be Mission-Critical
Analytics is shifting from experimental to essential. Most companies now view it as a core business capability, not just an add-on. (Source: Gartner)
8. 97.2% of Organizations Are Investing in Big Data and AI
Almost all surveyed companies are actively launching or expanding Big Data and AI initiatives, with 76.5% focusing on cognitive learning. (Source: New Vantage)
9. 67% of Tech Companies Report Skill Shortages
A KPMG study found that 67% of tech firms struggled to hire talent for data, AI, and security roles—the highest level since 2008. (Source: KPMG)
10. 11.5 Million New Data Science Jobs by 2026
The data science industry is expected to generate over 11 million jobs globally by 2026, a nearly 30% growth rate. (Source: Towards Data Science)
Why This Matters for Singapore’s Tech Sector
The wide use of the internet, IoT, and automation continues to generate enormous volumes of data. This trend shows no signs of slowing down. As companies compete for top data professionals, data-focused IT recruitment will remain a strategic priority.
SVA Recruitment has helped businesses in Singapore connect with experienced data science professionals ready to deliver insights and drive innovation. Salaries for these roles are also becoming more competitive, reflecting their value in the modern workforce.
Looking Ahead
Organizations that embrace data science in Singapore will be better positioned to lead in innovation, customer experience, and operational efficiency. If you’re looking to hire top data talent, our tech recruitment team is here to support your goals.
