Manila, Philippines, 23 January 2015 — The ICT industry in the Philippines is projected to be in a continued upswing in 2015. With the country’s gross domestic product (GDP) predicted to grow at 6.3% in 2015, the ICT industry will continue to ride the growth momentum recorded over the recent years. The economic outlook for the Philippines is underpinned by a robust growth in domestic demand, a strong infrastructure spending, and the implementation of structural economic reforms.
Jubert Alberto, country lead, IDC Philippines says, “Based on IDC’s Annual Continuum Survey, a huge majority of Philippine companies are looking to increase ICT budget and spending in 2015. This indicates a healthy sign for the country in the bigger scheme of things. ICT spending is expected to be heavily impacted by the 3rd Platform and the usage of its technologies is being driven by the needs of companies seeking for new and effective ways of engagement. The adoption of disruptive technologies in the 3rd Platform, such as cloud, mobility, social business and Big Data and analytics are bringing about innovations in business models and consumption patterns.
“There may be inhibiting factors such as natural disasters and port congestion, but the effects of these will be limited in the short-term period only. IDC believes the country’s optimistic economic outlook, growing ICT demand from the consumer and small and medium-sized enterprise (SME) sectors, and the increasing requirement for the 3rd Platform technologies will shore up the Philippine ICT industry in 2015,” adds Alberto.
The following are the top 10 predictions that IDC believes will have the biggest commercial impact on the Philippine ICT industry in 2015:
- Philippine IT spending will keep its momentum and will be a bright spot in the ASEAN.