Market Research Philippines Forecasts the Market Growth in IT Industry
The IT industry in the Philippines now becomes so advance due to several key drivers of this industry.
All those sectors are including software development, animation, BPO, hardware production, and sales, and also call centers.
Furthermore, this sector also earned more revenues and fantastic growth due to several business players from overseas that also take apart.
The country of the Philippines nowadays has been transforming to become a country with great economic growth.
Due to the condition of the IT industry that continuously growing, the Philippines itself is likely the precious place for those who interest to invest in this market.
But first, it would be essential if any manufacturers are being well informed by understanding the market research Philippines down below.
Philippines IT Industry Market Outlook
Whether it’s local or foreign investors, if it comes to the IT industry, there will be many chances for any company to expand its business over another country.
But when we’re talking about the country in the South-East Asia region with a perfect environment for the technology market, the answer may come to the Philippines.
With the product of technology is increasing high, the Philippines offers an attractive place to invest.
Based on marketresearchphilippines.com, Philippines Technology Strategy Consulting, an Artificial Intelligence (AI) has been taking a vital role in an industry of technology.
Most applications nowadays have been designed and integrated with AI and sensory technology.
Utilization of AI in the industry of technology also spreads rapidly to other sectors which also using an AI such as E-commerce in order to give easiness in shopping and payment.
Philippines IT Industry Market Analysis
1. Hardware Market
Until this day, the hardware market still becomes a leading sector in the IT industry of the Philippines.
There are several product hardware markets take apart to manage including PC, gadgets, tablets, smartphones, notebooks, and other purchase devices.
Due to the potential growth of devices sales, the revenue of the hardware market in the Philippines is also predicted to highly increased in the period of 2018 to 2023.
2. Software Market
Another sector that shows a good rate of growth in Philippine’s technology industry is the software market.
It’s because the Philippines itself is able to provide products and services for the domestic or international markets with the quality of the software product that fits the standard of global.
Though there may be a competitive market in Asia if compared to China and India, the Philippines has its own characteristic in making a product.
3. Antivirus Market
Not only the software industry, but an antivirus market has also become an essential sector in the Information and Technology market of the Philippines.
Moreover, in the midst of cyberwar which involving viruses into this phenomenon, it makes any IT company in the Philippines develop antivirus as the solutions to overcome this problem.
Product of antivirus it offers including anti-spyware, malware, and etc.
4. IT-BPO Market
The Philippines IT-BPO market has reportedly witnessed growing form 2012 to 2018.
It means that call centers seem like a promising service any investors can provide in the IT-BPO sector of the Philippines tech market.
Based on the data provided by market research Philippines, it can take the conclusion that this country has become an exciting place to invest, especially in the IT market.