Surge in Philippines’ IT Market - Business Analytics on the Rise

The Philippines’ IT market is seeing a tremendous boom. According to a research published by Business Monitor International[1], it is expected to grow by about 9.6 percent in 2013 to touch $3.86bn[2], attributed largely to the sales of Software and IT Services. These are estimated to grow to $442mn and $1.1bn respectively.

Specifically, cutting-edge technologies like business analytics and cloud are in great demand, and the Philippines is predicted to clinch a $20 billion share in the estimated $160 billion global business analytics market in the next two years (PHL eyes $20-B share in analytics market - 03 June, 2013).

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