Philippines ICT Market Size and Forecast (by IT Solution Area, Size Band and Vertical), 2022-2026
The global ICT market in Philippines was valued at US$ 14.04 billion in 2021 and will grow at a compounded annual growth rate (CAGR) of 8% to reach a value of US$ 20.6 billion by 2026. The cumulative revenue generation opportunities for ICT in Philippines is estimated at US$ 89.98 billion between 2022 to 2026. The retail sector is the major contributor to the growth of the ICT in Philippines.
In terms of vertical end-use segments, the retail sector is the largest segment with 12.5% market share followed by the consumer goods. The ICT in Philippines for retail sector is projected to grow at an estimated CAGR of 7.8% during the forecast period. In terms of product/service categories, fiber optic (FTTH/B) is the largest segment with 5.9% of the ICT market share in Philippines, followed by other communication services. Meanwhile, workstations will grow at a CAGR of 15.8% over the forecast period.
Scope
- This product provides revenue opportunity forecasts in the ICT products and services in Philippines from 2019 to 2026, spanning 18 IT solutions and 133 products/services. The details of the IT solutions and the corresponding products/services has been provided. The forecast data has been provided for 5 employee size bands.
Key Highlights
- The global ICT market in Philippines is expected to grow at a CAGR of 8% over the forecast period.
- The country’s top three product/service categories: fiber optic (FTTH/B), other communication services, and SaaS, and 133 sub-categories within them.
- SaaS is expected to be the largest product/service segment of the ICT in Philippines over the forecast period.
Reasons to Buy
- Assess the historic data (past 3 years), current state, and expected growth (next 5 years) of the ICT in Philippines
- Identify the fastest growing products/services within the ICT market in Philippines
- Determine the most lucrative vertical for ICT in Philippines considering their current contribution to the overall ICT market in Philippines and their expected contribution to the growth of the market over the next 5 years
- Identify the products/services who would be the contributors to the growth of ICT market in Philippines over the next 5 years
- This survey report offers a thorough, forward-looking analysis of Philippines in ICT Trends and key opportunities in a concise format to help executives build proactive and profitable growth strategies.
Frequently Asked Questions
The global ICT market size in Philippines was estimated at US$ 14.04 billion in 2021 and is expected to reach US$ 14.16 billion in 2022.
The global ICT market in Philippines is expected to grow at a compound annual growth rate of 8% from 2022 to 2030 to reach US$ 20.6 billion by 2026.
The fiber optic (FTTH/B) segment dominated the global ICT market in in Philippines 2021 with a revenue share of more than 5.9%.
The retail sector dominated the global ICT market in in Philippines 2021 with a revenue share of more than 12.5%.
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