"Philippines Information Technology Report Q4 2014" is now available at Fast Market Research

From: Fast Market Research, Inc.
Published: Tue Aug 26 2014

We have a bullish outlook for the development of the Philippines ' IT market , which we believe will be a regional outperformer over the medium term . L ow penetration of products and services has left an opportunity for vendors to target the market as incomes rise and device prices decline , creating a fertile environment for a period of robust catch-up growth . Meanwhile, the booming business process outsourcing ( BPO ) industry presents a huge opportunity for enterprise sales for hardware and software vendors . Taking the market as a whole, w e forecast IT spending growth of 10.9 % in 201 4, with the market expected to reach a value of PHP1 81.8 bn. Over the medium term e merging technologies will add to the growth momentum, particularly in the latter years of our forecast, with cloud services, big data analytics, smart infrastructure, telehealth and e-government all expected to contribute to growth .

Full Report Details at
- http://www.fastmr.com/prod/861888_philippines_information_technology_report_q4_2014.aspx?afid=301

Headline Expenditure Projections

* Computer hardware sales: PHP91.7bn in 2013 to PHP99.1bn in 2014, growth of 8.1% in local currency terms. Desktop and notebook shipments remain under pressure, but this is compensated for by the boom in tablet volumes, but, with demand shifting to lower-cost devices, increases in market value will not keep pace with unit growth.
* Software sales: PHP24.1bn in 2013 to PHP27.0bn in 2014, growth of 12.2% in local currency terms. Enterprise software penetration is low but, with the modernisation of local companies, we expect strong growth in spending, particularly for low-cost cloud enterprise resource planning systems.
* IT services sales: PHP48.2bn in 2013 to PHP55.6bn in 2014, growth of 15.4% in local currency terms. The booming outsourcing sector provides the main impetus for outperformance, but cloud computing demand is also growing.

Key Trends And Developments

* The development of the BPO industry in the Philippines is an important trend for the IT market and the...

The Philippines Information Technology Report features Business Monitor International (BMI)'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.

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