Friday 24 April 2015, Amsterdam
The report recognizes the following companies as the key players in the IT Market in Philippines: Accenture Inc., Acer Inc., Google Inc., Hewlett-Packard Co., IBM Corp., Oracle Corp. and Samsung Electronics Co. Ltd
Other Prominent Vendors in the market are: Apple, Asus, Azeus, Convergys, Headstrong, Indra Philippines, Intel, Lakeside Technologies, Lawson, Lenovo, Microsourcing, Misys, Novare Technologies, Safeway Philtech, Salesforce, Sitel, Sutherland Global Services, Sykes, Teleperformance, Teletech holdings and TrendMicro.
The report said: “The increased adoption of a virtualized environment is one of the key trends being witnessed in this market. It offers new opportunities for growth across verticals for IT firms. It is used for maintaining data and applications with the help of central remote servers. Virtualization is an essential strategy for enhancing IT efficiency that has made significant inroads in the IT market in Philippines.”
According to the report, constant support from government for IT initiatives drives the growth of the IT market in Philippines. The government of the Philippines has undertaken several initiatives that have enhanced substantial opportunities for many IT industry projects. The government is concentrating more on PPP across sectors such as BFSI, Education, Construction, E-governance, Infrastructure, Transportation, and ICT.
Further, the report states that one of the key challenges in the market is the lack of skilled workforce. Acquiring and retaining a technically skilled workforce is difficult in outsourcing destinations such as the Philippines because of competitive pay scales provided by countries such as India, China, the US, and Canada. In addition, the lack of a quality skill set to accomplish IT processes on a large scale has lowered the hiring rate.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.