Philippines IT Industry Analysis & Forecasts to 2023: Growth is Driven by Increasing FDI from Foreign Players and Multiple Employment Opportunities
DUBLIN, Nov. 1, 2019 /PRNewswire/ -- The "Philippines IT Industry - By Hardware Market (Computer Sales and Peripherals Sales, By IT-BPO Market (Contact Center, Software Development, Transcription, Animation and Other BPOs), By Software Market (Software Development and Software Publishing) and By Antivirus Market" report has been added to ResearchAndMarkets.com's offering.
As of today, the primary verticals/sector of ITES sector in the Philippines include software development and publishing, call centers, BPO, animation, production and sales of hardware components. The industry has showcased tremendous growth in terms of revenues. The growth is driven by increasing FDI from foreign players and multiple employment opportunities available for Filipinos.
Philippines Hardware Market
Competition within the Philippines hardware market was observed to be mildly fragmented with the presence of significant players such as Samsung, Acer, Apple, Asus, LG, Toshiba, Vaio, Lenovo and others. Over the forecast period of 2018-2023, the country's hardware market revenues are further estimated to increase owing to a potential rise in the overall sales of computers and peripherals
Competition within the Philippines IT-BPO market was observed to be mildly fragmented with the presence of both domestic and international players such as Accenture, Convergys, JPMorgan, Sutherland, 24/7 Philippines Inc, Telephilippines and others. The BPO industry of the Philippines is expected to get influenced y emergence of AIS (Artificial Intelligence Systems) for instance, AI-powered translators which would affect the wide use of English in the country.
Philippines Software Market
Over the past few decades, software development in the Philippines has become one of the more established sub-sectors of the country's IT and IT-ES industry along with the presence of both domestic and international firms that are capable of delivering services and products that match up with the rigid global standards. In comparison to the other Southeast nations like China and India, critical factors that are adding momentum to the country's software industry are its cultural and western-accent similarities especially with the US; cost competitiveness and good knowledge in terms of IT background; thus proving to be a more useful resource.
Major Players operating within the Philippines software industry include IBM, Accenture, Genpact; UST Global, Pointwest, Existglobal, Capgemini, HP and others. Over the forecast period, Philippine's software market is expected to grow owing to the increasing number of software-centric startups within the country.
Philippines Antivirus Market
Most of the companies were witnessed to use Microsoft Defender instead of any other anti-virus system as it comes in a pre-installed format within the PC itself. Competition within the antivirus industry was witnessed to be moderately concentrated with the presence of a limited number of players in the country. Some of the leading companies in this segment are international namely Trend Micro, Sophos, Norton McAfee, Symantec, Kaspersky, Avast, ESET and others.
However, several domestic firms have also been emerging in this market. Increasing number of internet users across various verticals is anticipated to boost the demand for antivirus solutions in the near future to avoid any data breach or illegal cyber activity.
Trends and Developments
Trends and Developments in the Philippines Hardware Market
Trends and Developments in the Philippines IT-BPO Market
Trends and Developments in the Philippines Software Market
Trends and Developments in Philippines Anti-Virus Market
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