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IT spending in Philippines to increase by 10 percent in 2015: IDC

Nurdianah Md Nur | Jan. 20, 2015
Drivers include the country’s positive economy outlook, growing IT demand, and increasing requirement for 3rd platform technologies.

IT spending in the Philippines for 2015 is expected to grow by 10.1 percent, predicts research firm IDC.

The growth will be largely driven by the smartphones, followed by mid-range enterprise servers, networking equipment, broad IT services and software needs. According to IDC, central to this development is the positive outlook in the country's economic indicators and the vibrant spending from the consumer sector, driven by the young working-age population.

IDC also found that majority of the companies in the Philippines are looking to increase their IT budget and spending this year. These companies intend to invest heavily in technologies that enable organisations to embrace the 3rd platform, which consists of cloud, mobile, big data and social. "There will a stronger demand for mobility, devices, services and applications across the country," said Jubert Daniel Alberto, research manager and country lead for IDC Philippines. He added that organisations might also increasingly turn to outsourcing as outsourcing companies continue to display strong business process outsourcing (BPO) performance.

"IDC believes the country's rosy economic outlook, growing IT demand, and the increasing requirement for the 3rd platform technologies will shore up the Philippines' IT industry in 2015," Alberto concluded.

 

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