The Philippines IT market has a bright medium term outlook, with spending expected to record steady growth throughout the forecast period. A modernising and expanding economy will yield opportunities to software and services vendors, although hardware will be a drag due to the shift to mobile. There is also a vibrant IT industry in the country, where there is the potential to grow and move up the value chain over 2017-2021.
Latest Updates & Industry Developments
Computer Hardware Sales: PHP81.2bn in 2017 to PHP88.4bn in 2021 at a compound annual growth rate (CAGR) of 2.2%. The PC use case is being cannibalised by smartphones, which has put the segment on a permanently lower trajectory and will make it the underperforming segment.