Thursday, 14 November 2013

Philippines Information Technology Report Q1 2014

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Philippines Information Technology Report Q1 2014
Nov 13th 2013, 00:00

Price: $ 1295  

BMI View: We expect the Philippines IT market to be a regional outperformer over the medium term due to the low penetration of products and services, an opportunity for vendors, and the rapid expansion of the BPO industry. We forecast total spending will grow by around 9.6% in 2013 to a value of PHP162.8bn. Over our five-year forecast period to 2017, we forecast a CAGR of 9.1% in local currency terms, with the market reaching a value of PHP232.3bn in 2017. Key trends driving this growth include broader PC ownership as incomes rise and average PC prices decline. In this respect the Philippines has great potential due to its low PC penetration and the bullish outlook for the economy and wages. The Philippines continues to enhance its reputation as a global BPO centre, with early successes resulting ...

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