Market Research Reports - Ken Research Content for Philippines IT Industry

Changing Dynamics of the It Industry in Philippines Market Outlook: Ken Research
The industry of IT and ITES in Philippines has grown more effectively with the effective
developments in the technology and techniques of working. Not only has this, in the present
era, the primary verticals/segment of ITES segment in this region involve software
improvement and publishing, BPO, call centers, production, animation and sales of the
hardware components. Furthermore, the players of this market are dominating the highest
value of market share with the effective adoption of new and profitable strategies and policies
for increasing the demand and efficiency of the product which further become profitable for
leading the fastest market growth during the forecasted period more significantly.
The growth is majorly fueled by growing FDI from the foreign players and multiple employment
opportunities obtainable for the Filipinos. The industry has presented enormous growth rate in
the terms of revenue. According to the report analysis, ‘Global Pre-Shipment Inspection
Market Industry Trends and Forecast to 2026’ states that there are several key players which
are recently functioning in this market more actively for dominating the fastest market growth
and acquiring the handsome amount of share in the region with the more technological
advancement and developments in the techniques of doing work includes Hardware Market
(Samsung, Acer, Apple, Asus, Lenovo, Others), IT-BPO Market (Accenture, Convergys, JPMorgan,
24/7 Customer Philippines, TelephilippinesInc, Others), Software Market (IBM, Accenture,
Others), Antivirus Market (Trend Micro, Symantec, ESET, Avast, Kaspersky, Sophos, several
others. Moreover, many of the focused players of this market are benefitted with the strategies
of joint ventures, mergers and acquisitions and partnership for generating the high amount of
revenue and profit.
Additionally, the market of IT in Philippines is segmented into different segments which majorly
involve hardware market, IT-BPO market, Software market and Antivirus market. In hardware
market, accordance with the International Data Corporation, IT spending in Philippines was
experienced to be extremely skewed towards hardware components. Majority of the IT spend
by association aimed on the purchase devices such as PC, laptops, smart phones, tablets and
others. Over the forecast period of 2018-2023, the country’s hardware market revenues are
further expected to grow owing to potential increase in the overall sales of computers and
peripherals. Whereas, in the software market, over the past few decades, the software
improvement in Philippines has become one of the more recognized sub-sectors of the
country’s IT and IT-ES industry along with the existence of both domestic and international
firms which are proficient of delivering services and products that match up with the stiff global
standards.
Although, in the antivirus segment, the increasing concern for cyber security and anticipation of
virus attacks have led various Filipino companies to implement total security solutions
comprising of internet security, anti-spyware, malware, anti-virus and others. Not only has this,
growing government spending on the country’s security with the setting up command and
control centers and the installation of CCTV and IP cameras are anticipated to fuel the growth in