How big is the Philippines ICT Market?

The Philippines ICT Market size is expected to reach USD 24.92 billion in 2024 and grow at a CAGR of 12.88% to reach USD 45.67 billion by 2029. Read More

What is the current Philippines ICT Market size?

In 2024, the Philippines ICT Market size is expected to reach USD 24.92 billion. Read More

Who are the key players in Philippines ICT Market?

Accenture plc, Globe Telecom, Inc., IBM Corporation, Cisco Systems, Inc. and Oracle Corporation are the major companies operating in the Philippines ICT Market. Read More

What years does this Philippines ICT Market cover, and what was the market size in 2023?

In 2023, the Philippines ICT Market size was estimated at USD 21.71 billion. The report covers the Philippines ICT Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Philippines ICT Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

What future trends are expected in the Philippines ICT Market?

Future trends in the Philippines ICT Market include a) Rise of cloud computing b) Increased focus on cybersecurity c) Expansion of 5G networks Read More

Philippines ICT Market Report | Industry Growth, Size & Analysis Overview

Philippines ICT Market Size & Share Analysis - Growth Trends & Forecasts Analysis (2024 - 2029)

The Philippine ICT Market Report is Segmented by Type (Hardware, Software, IT Services, and Telecommunication Services), Size of Enterprise (Small and Medium Enterprises and Large Enterprises), and Industry Vertical (BFSI, IT & Telecom, Government, Retail, and E-Commerce, Manufacturing, Energy and Utilities, and Other Industry Verticals). The Market Sizes and Forecasts are Provided in Terms of Value (USD) for all the Above Segments.

Philippines ICT Industry Overview

The Philippine ICT market is fragmented, with many players operating in it. Several key players in the ICT market are constantly making efforts to bring advancements. A few prominent companies are entering into collaborations and expanding their footprints in developing regions to consolidate their positions in the market. Major market players include Accenture PLC, Cisco Systems, Globe Telecom, and IBM Corporation.

May 2024: Converge ICT Solutions Inc. partnered with South Korea's NAVER Cloud Corp. to explore the potential of the expanding cloud market in the Philippines. Both companies signed a Memorandum of Understanding (MoU) outlining their intention to explore collaborations utilizing NAVER Cloud's innovative solutions. The aim is to tailor cloud solutions that meet the unique needs of Philippine consumers and businesses through discussions and engagements between the two parties.