- The key vendors in the IT Market in Philippines 2015-2019 are Accenture Inc., Acer Inc., Google Inc., Hewlett-Packard Co., IBM Corp., Oracle Corp. and Samsung Electronics Co. Ltd.
London, 17 February 2015: TechNavio, an independent tech-focused global research firm, has announced the publication of its market research report on the IT Market in Philippines 2015-2019. The increased adoption of a virtualized environment is one of the key trends being witnessed in this market. It offers new opportunities for growth across verticals for IT firms. It is used for maintaining data and applications with the help of central remote servers. Virtualization is an essential strategy for enhancing IT efficiency that has made significant inroads in the IT market in Philippines. The overall IT Market in Philippines is expected to grow at a CAGR of 9.28 percent during the forecast period of 2014-2019.
Many large and medium-sized enterprises have already adopted cloud computing because of various advantages such as pay per use, improved reliability and scalability, easy installation and upgrading, and zero maintenance cost. Projects such as PPP across the BFSI, Education, Construction, E-governance, Infrastructure, Transportation, and ICT sectors provide substantial opportunities to IT vendors. The government has shifted its focus toward the ICT sector, as it can provide better e-governance and increase the demand for ICT services in the IT market.
“Currently, the Philippines presents the most digital opportunities in Southeast Asia, as half of its population are under 23 years of age and GDP growth is expected to cross 6 percent during the forecast period,” says Faisal Ghaus, Vice President of TechNavio Research.
To define the market conditions in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
