KEY FINDINGS The Philippines ERP market collected $70.02 million in 2016. Between the estimated years of 2017-2020, the market is expected to catapult ahead with a CAGR of 10.07%, collecting nearly $101.77 million by its end.
MARKET INSIGHTS The Philippine IT market will be supported by economic trends over the forecast years, which makes for a bright outlook in the context of its relatively underdeveloped IT landscape. Because of this, the vendors can tap into low penetration for devices and solutions as households gain purchasing power, enterprises modernize, and the government investments and outsourcing industry develops. Cloud services could prove popular with non-traditional industry segments and small- and medium-sized enterprises (SMEs) where requirements are less complicated and the budget constraints have previously ruled out on-premises deployments. The major cloud computing areas for investments are banking and retailing.
COMPETITIVE INSIGHTS Oracle, Infor, International Business Machine (IBM) Corporation, SAP SE and Microsoft Corporation are few of the well-known players in this market.