New Market Research Report: Philippines Information Technology Report Q3 2016

A strong economic outlook , and specifically a migration of households up the income scale, are expected to add momentum to the Philippine IT market over the medium term and we forecast a CAGR of 10.6% over 2016-2 020 to a total value of PHP314.08 bn in 2020. We consider the Philippines to have the potential to outperform in the Asia Pacific alongside other markets with relatively low exposure to depressed commodities markets such as Vietnam and India . We also have a positive assessment of industry development potential, particularly for business process and software development outsourcing, but the electronics industry has a slightly less bright outlook.

Full Report Details at
- http://www.fastmr.com/prod/1170553_philippines_information.aspx?afid=301

Latest Updates & Industry Developments

Computer Hardware Sales: PHP109.16bn in 2016 to PHP151.23bn in 2020 at a compound annual growth rate (CAGR) of 8.5%. Purchasing power gains by households envisaged over the medium term is the foundation for our computer hardware market outlook, where a deepening of the PC market and easing price sensitivity in the middle class should be targets for vendors.
Software Sales: PHP30.69bn in 2016 to PHP50.13bn in 2020 at a CAGR of 13.0%. The ongoing modernisation of Philippine enterprises will create new avenues for software vendors, while lower-cost software-as-a-service solutions have the potential to deepen the market to a greater number of small- and medium-sized enterprises.
IT Services Sales: PHP69.79bn in 2016 to PHP112.72bn in 2020 at a CAGR of 12.7%. We expect the enterprise adoption of outsourcing and cloud computing will gather pace, while government service modernisation will be another source of opportunity.

The Philippines Information Technology Report features BMI Research's market assessment and independent forecasts covering personal computers and software; semi-conductors, memory chips, integrated circuits and general components; the internet and IT solutions. It analyses analyses regulatory changes (licensing, customs and intellectual property protection) and competitive landscapes comparing IT companies by products, sales, market share, investments, projects and expansion strategies.

BMI's Philippines Information Technology Report provides industry professionals and strategists, corporate analysts, IT associations, government departments and regulatory bodies with independent forecasts and competitive intelligence on the IT industry in Philippines.

Key Benefits
Benchmark BMI's independent IT Industry forecasts for Philippines to test other views - a key input for successful budgetary and strategic business planning in the Philippine IT market.
Target business opportunities and risks in Philippines's IT sector through our reviews of latest industry trends, regulatory changes, and major deals, projects and investments in Philippines.

About Fast Market Research

Fast Market Research is a leading distributor of market research and business information. Representing the world's top research publishers and analysts, we provide quick and easy access to the best competitive intelligence available. Our unbiased, expert staff is always available to help you find the right research to fit your requirements and your budget.

For more information about these or related research reports, please visit our website at http://www.fastmr.com or call us at 1.800.844.8156 (1.413.485.7001 Int'l)

You may also be interested in these related reports:

- Indonesia Information Technology Report Q3 2016
- Turkey Information Technology Report Q3 2016
- Hungary Information Technology Report Q3 2016
- Peru Information Technology Report Q3 2016
- Czech Republic Information Technology Report Q3 2016