Singapore AI Ecosystem
Live company formation data for Singapore's technology and business sectors. ACRA registration statistics, published via SingStat Table Builder and queried through sgdata-mcp.
In 2025 Singapore registered 78,146 new companies, 6,133 of them in IT and software (SSIC 62). That makes IT and software 7.8% of all new business formations, the clearest official signal of how fast Singapore's tech and AI ecosystem is growing.
IT & Software Formations (SSIC 62) - 10-Year Trend
Annual new company registrations in Computer Programming, IT Consultancy
Monthly Net Business Growth (Formations - Cessations)
Positive = more companies created than closed. All industries, last 12 months.
Key Sector Comparison (2025)
Formation counts and year-on-year growth for selected industries
| Industry | SSIC | Formations | Prev Year | YoY Change | YoY % | Share |
|---|---|---|---|---|---|---|
| - Activities Of Head Offices; Management Consultancy Activities | 70 | 8,615 | 7,793 | +822 | +10.5% | 11.0% |
| - Retail Trade | 47 | 7,701 | 6,417 | +1,284 | +20.0% | 9.9% |
| - Computer Programming, Information Technology Consultancy And Related Activities | 62 | 6,133 | 5,844 | +289 | +4.9% | 7.8% |
| - Food & Beverage | 56 | 4,103 | 3,795 | +308 | +8.1% | 5.3% |
| Excl Those Defined Above - Other Food And Beverage Services | 56 | 1,775 | 1,651 | +124 | +7.5% | 2.3% |
| Excl Those Defined Above - Other Retail Trade | 47 | 1,759 | 1,675 | +84 | +5.0% | 2.3% |
| - Construction Of Buildings | 41 | 1,292 | 1,227 | +65 | +5.3% | 1.7% |
Top Industries by Formation Count (2025)
All SSIC sectors ranked by new company registrations
- •IT & Software (SSIC 62) registered 6,133 new formations in 2025, up 4.9% year-on-year.
- •IT companies represent 7.8% of all 78,146 business formations in Singapore.
- •Among key sectors, - Retail Trade (SSIC 47) is growing fastest at 20.0% YoY.
- •Singapore averages 1,632 net new businesses per month (20/24 months positive over the past 2 years).
- •IT sector (SSIC 62) averages 215 net new companies/month. Latest (2026 Sep): +383 net.
- •IT formations have grown 76% over the past 10 years (2016 to 2025).
Data from ACRA via SingStat Table Builder and @altronis/sgdata-mcp. For informational purposes only - verify critical figures against the official source.
Last updated: 3 Nov 2026, 08:05 am
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Frequently asked questions
- How many tech companies are formed in Singapore each year?
- 6,133 new companies were registered in IT and software (SSIC 62) in 2025. The dashboard shows the 10 year trend and how SSIC 62 compares with other key sectors.
- Where does this data come from?
- ACRA company registration statistics, published through SingStat Table Builder and queried live via sgdata-mcp, Altronis's open source MCP server for Singapore government data. Server-side results are cached for one hour.
- What is SSIC 62?
- SSIC is the Singapore Standard Industrial Classification. Section 62 covers IT and software: computer programming, IT consultancy, and related service activities. It is the closest proxy in official statistics for tech and AI company formation.