Philippines ICT Market Size & Share Analysis - Growth Trends & Forecasts Analysis (2025 - 2030)

The Philippine ICT Market Report is Segmented by Type (Hardware, Software, IT Services, and Telecommunication Services), Size of Enterprise (Small and Medium Enterprises and Large Enterprises), and Industry Vertical (BFSI, IT & Telecom, Government, Retail, and E-Commerce, Manufacturing, Energy and Utilities, and Other Industry Verticals). The Market Sizes and Forecasts are Provided in Terms of Value (USD) for all the Above Segments.

Philippines ICT Market Size & Share Analysis - Growth Trends & Forecasts Analysis (2025 - 2030)

Philippines ICT Market Size

Philippines ICT Market Summary
Study Period 2019 - 2030
Base Year For Estimation 2024
Forecast Data Period 2025 - 2030
Market Size (2025) USD 28.13 Billion
Market Size (2030) USD 51.55 Billion
CAGR (2025 - 2030) 12.88 %
Market Concentration Low

Major Players

Philippines ICT Market Major Players

*Disclaimer: Major Players sorted in no particular order

Compare market size and growth of Philippines ICT Market with other markets in Technology, Media and Telecom Industry

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Philippines ICT Market Analysis

The Philippines ICT Market size is estimated at USD 28.13 billion in 2025, and is expected to reach USD 51.55 billion by 2030, at a CAGR of 12.88% during the forecast period (2025-2030).

  • The Philippines' Information and Communications Technology (ICT) sector is emerging as a key driver of economic growth, fueled by robust investments, escalating demand for cloud services, and strategic government initiatives. Both private and public stakeholders have significantly increased their investments in ICT infrastructure and services. In 2024, the Board of Investments reported a record-breaking PHP 1.16 trillion (USD 0.02 trillion) in investment approvals, reflecting a 59% growth compared to 2022. The ICT sector contributed substantially to this achievement, with approvals amounting to PHP 96.16 billion (USD 1.65 billion).
  • The Philippine government has prioritized digital transformation in its agenda, prioritizing investments in broadband infrastructure and implementing policies that support ICT development. These measures aim to enhance connectivity and drive the widespread adoption of digital services nationwide.
  • Cloud adoption is rapidly transforming the business landscape in the Philippines, with organizations increasingly recognizing its strategic importance. A survey titled "The Next-Generation Cloud Strategy in Asia," commissioned by Alibaba Cloud, the digital technology and intelligence division of Alibaba Group, reveals that 85% of Philippine businesses plan to execute a full-scale migration to the cloud within the next two years. Over 91% of these businesses will also increase their cloud-related investments in the coming years.
  • The Philippines has demonstrated remarkable progress in digital transformation, advancing 16 positions in the United Nations E-Government Development Index, from 89th in 2022 to 73rd in 2024. This achievement is largely attributed to the country’s strategic adoption of centralized cloud services and targeted efforts to eliminate inefficiencies. Spearheading this transformation is the Department of Information and Communications Technology (DICT), which manages the technology requirements of over 600 national government agencies and supports 1,700 local government units. 
  • By aligning agency goals and synchronizing ICT budgets, the DICT ensures a cohesive approach that reduces redundancies and accelerates digitization. A cornerstone of this initiative is the DICT's cloud-first policy, which encourages agencies to transition to cloud computing, moving away from outdated, siloed systems that have historically caused manual processes and lengthy transactions.
  • However, cyberattacks are expected to continue to rise over the next five years. Advancements in IT operations are expected to prevent cyberattacks in the ICT market. The cloud-based platform and enterprise software provide real-time data, creating greater value for the business, especially in providing remote access. Over the past few years, in the Philippines, Microsoft has launched new offerings and expanded its security services under a new category known as Microsoft Security Experts for large enterprises.

Philippines ICT Industry Overview

The Philippines ICT market is fragmented, with many players operating in it. Several key players in the ICT market are constantly making efforts to bring advancements. A few prominent companies are entering into collaborations and expanding their footprints in developing regions to consolidate their positions in the market. Major market players include Accenture PLC, Cisco Systems, Globe Telecom, and IBM Corporation.

These trends such as AI and Machine Learning expansion, IoT, increased mobile and broadband subscribers, and others are driven by a combination of innovation, investment, and a growing demand for digital transformation in the Philippines. The growth in the telecom industry is attributed to the increasing population and the rising adoption of mobile phones supporting 3G, 4G, and 5G services. Government-backed initiatives, such as the establishment of cloud data centers and smart city projects, are also contributing to the ICT market's expansion.

Philippines ICT Market Leaders

  1. Accenture plc

  2. Globe Telecom, Inc.

  3. IBM Corporation

  4. Cisco Systems, Inc.

  5. Oracle Corporation

  6. *Disclaimer: Major Players sorted in no particular order
Philippines ICT Market Concentration
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Philippines ICT Market News

  • May 2024: Fujitsu unveiled its first Digital Innovation Hub in Southeast Asia. This move is expected to empower Philippine organizations by granting them direct access to technology specialists and a cutting-edge digital facility. The new innovation hub enables businesses to learn about digital trends and co-create solutions using human-centric design.
  • April 2024: PLDT Inc. and Smart Communications Inc. in the Philippines elevated their cloud endeavors by launching the Cloud Center of Excellence (CCOE). This strategic step is designed to cultivate a workforce that is more customer-centric and well-equipped for the future. The CCOE stands at the core of the organizational strategy, leveraging cloud technology to boost efficiency, agility, and innovation. It is instrumental in bolstering workforce flexibility, facilitating swift resource scaling, and promoting collaboration via agile methodologies and DevOps practices.

Philippines ICT Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Study Assumptions And Market Definition
  • 1.2 Scope Of The Study

2. RESEARCH METHODOLOGY

  • 2.1 Research Framework
  • 2.2 Secondary Research
  • 2.3 Primary Research
  • 2.4 Data Triangulation And Insight Generation

3. EXECUTIVE SUMMARY

4. MARKET INSIGHTS

  • 4.1 Market Overview
  • 4.2 Industry Attractiveness - Porter's Five Forces Analysis
    • 4.2.1 Bargaining Power Of Suppliers
    • 4.2.2 Bargaining Power Of Buyers
    • 4.2.3 Threat Of New Entrants
    • 4.2.4 Threat Of Substitute Products
    • 4.2.5 Intensity Of Competitive Rivalry
  • 4.3 Assessment of the Impact of Macroeconomic Trends on the Market
  • 4.4 Stakeholder Analysis
  • 4.5 Key Regulatory Insights
    • 4.5.1 Data Privacy Act of 2012 (Republic Act No. 10173)
    • 4.5.2 Open Access in Data Transmission Act

5. MARKET DYNAMICS

  • 5.1 Market Drivers
    • 5.1.1 Rising Demand for 5G
    • 5.1.2 Rising Need to Explore and Adopt Digital Technologies
    • 5.1.3 Government Initiatives aiding Digital Transformation
  • 5.2 Market Restraint
    • 5.2.1 Lack of Supporting Infrastructure and Talent Shortage
    • 5.2.2 Data Privacy and Security Concerns
  • 5.3 Investment Analysis (Detailed analysis on the investments announced in the country)
    • 5.3.1 Investments in the Major Use Cases (CX, EX, DX, Cybersecurity, Green IT, Operational Efficiency, Business Continuity & Resilience, etc)
    • 5.3.2 Mitsubishi's Investment in Mynt
    • 5.3.3 Macquarie Group Expands Investments in Mobile Infrastructure
  • 5.4 Key Metrics
    • 5.4.1 Number of Internet Users
    • 5.4.2 Internet Penetration
    • 5.4.3 Digitalization (Network Readiness Index, Global Digitalization Index)
    • 5.4.4 Cybersecurity Index
  • 5.5 Case Study Analysis
    • 5.5.1 UnionBank Moves SAP S/4HANA to AWS, Boosting Resilience and Cutting Costs
    • 5.5.2 Kumu, the Philippines' social media app, has achieved rapid user growth and introduced targeted upgrades via Google Workspace and Google Cloud
    • 5.5.3 Others

6. MARKET SEGMENTATION

  • 6.1 By Type
    • 6.1.1 IT Hardware
    • 6.1.1.1 Computer Hardware
    • 6.1.1.2 Networking Equipment
    • 6.1.1.3 Peripherals
    • 6.1.2 IT Software
    • 6.1.3 IT Services
    • 6.1.3.1 Managed Services
    • 6.1.3.2 Business Process Services
    • 6.1.3.3 Business Consulting Services
    • 6.1.3.4 Cloud Services
    • 6.1.4 IT Infrastructure/Data Centers
    • 6.1.4.1 Colocation Data Centers
    • 6.1.4.2 Data Center Storage
    • 6.1.4.3 Data Center Servers
    • 6.1.4.4 Data Center Compute
    • 6.1.5 IT Security/ Cybersecurity
    • 6.1.5.1 Application Security
    • 6.1.5.2 Cloud Security
    • 6.1.5.3 Data Security
    • 6.1.5.4 Identity and Access Management
    • 6.1.5.5 Infrastructure Protection
    • 6.1.5.6 Integrated Risk Management
    • 6.1.5.7 Network Security Equipment
    • 6.1.5.8 Endpoint Security
  • 6.2 Communication Services
  • 6.3 By Organization Size
    • 6.3.1 Small and Medium Enterprises
    • 6.3.2 Large Enterprises
  • 6.4 By Industry Vertical
    • 6.4.1 BFSI
    • 6.4.2 IT and Telecom
    • 6.4.3 Government
    • 6.4.4 Retail and E-commerce
    • 6.4.5 Manufacturing
    • 6.4.6 Energy and Utilities
    • 6.4.7 Other Industry Verticals

7. COMPETITIVE LANDSCAPE

  • 7.1 Company Profiles
    • 7.1.1 Accenture plc
    • 7.1.2 Cisco Systems Inc.
    • 7.1.3 Globe Telecom Inc.
    • 7.1.4 IBM Corporation
    • 7.1.5 Oracle Corporation
    • 7.1.6 Microsoft Corporation
    • 7.1.7 Huawei Technologies
    • 7.1.8 Google  (Alphabet Inc.)
    • 7.1.9 Amazon.com Inc.
    • 7.1.10 Cognizant Technology Solutions
    • 7.1.11 Doña Alejandra, Inc (DAI)
    • 7.1.12 CTO Phils (CTO Cloud)
    • 7.1.13 Total Information Management Corporation (TIMCORP)
    • 7.1.14 P-tech people and technology Inc.
    • 7.1.15 PLDT Inc.
  • *List Not Exhaustive
  • 7.2 Vendor Positioning Analysis

8. INVESTMENT ANALYSIS

9. FUTURE OF THE MARKET

10. CASE STUDIES

11. ABOUT US

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Philippines ICT Industry Segmentation

The Philippines ICT market tracks revenue accrued through the sale of ICT offerings, including IT hardware, IT software, IT services, IT infrastructure, and communication services that are being used in various end-user industries across the country.

The Philippine ICT market is segmented by type (IT hardware (computer hardware, networking equipment, peripherals), IT software, IT services (managed services, business process services, business consulting services, cloud services), IT infrastructure/data centers (colocation data centers, data center storage, data center servers, data center compute), IT security/cybersecurity (application security, cloud security, data security, identity and access management, infrastructure protection, integrated risk management, network security equipment, endpoint security), and communication services), size of enterprise (small and medium enterprises and large enterprises), and industry vertical (BFSI, IT & telecom, government, retail and e-commerce, manufacturing, energy and utilities, and other industry verticals). The market sizes and forecasts are provided in terms of value (USD) for all the above segments.

By Type IT Hardware Computer Hardware
Networking Equipment
Peripherals
IT Software
IT Services Managed Services
Business Process Services
Business Consulting Services
Cloud Services
IT Infrastructure/Data Centers Colocation Data Centers
Data Center Storage
Data Center Servers
Data Center Compute
IT Security/ Cybersecurity Application Security
Cloud Security
Data Security
Identity and Access Management
Infrastructure Protection
Integrated Risk Management
Network Security Equipment
Endpoint Security
By Organization Size Small and Medium Enterprises
Large Enterprises
By Industry Vertical BFSI
IT and Telecom
Government
Retail and E-commerce
Manufacturing
Energy and Utilities
Other Industry Verticals
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Philippines ICT Market Research Faqs

How big is the Philippines ICT Market?

The Philippines ICT Market size is expected to reach USD 28.13 billion in 2025 and grow at a CAGR of 12.88% to reach USD 51.55 billion by 2030.

What is the current Philippines ICT Market size?

In 2025, the Philippines ICT Market size is expected to reach USD 28.13 billion.

Who are the key players in Philippines ICT Market?

Accenture plc, Globe Telecom, Inc., IBM Corporation, Cisco Systems, Inc. and Oracle Corporation are the major companies operating in the Philippines ICT Market.

What years does this Philippines ICT Market cover, and what was the market size in 2024?

In 2024, the Philippines ICT Market size was estimated at USD 24.51 billion. The report covers the Philippines ICT Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Philippines ICT Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Philippines ICT Industry Report

The ICT market in the Philippines is experiencing robust growth, fueled by increased investments in technology and a rising demand for digital services. As a significant player in Southeast Asia, the country is seeing advancements in hardware, software, IT services, and telecommunications. Key sectors like retail, manufacturing, and government are driving the market's expansion, with retail leading in market share and government poised for rapid growth due to digital transformation initiatives. Emerging technologies such as artificial intelligence, cloud computing, and the Internet of Things are propelling the industry forward, offering numerous opportunities for stakeholders and investors. This dynamic environment benefits existing and new information technology companies in the Philippines. For detailed insights, Mordor Intelligence™ provides comprehensive reports on the Philippines' ICT market share, size, and growth, available for download as a free report PDF, essential for anyone involved in the ICT industry in the Philippines.