THE information technology or IT business sector in the Philippines is expected to see a more dynamic growth next year as businesses adopt cloud services and digital payment and operations solutions, according to a report from IP Converge Data Services Inc. (IPC).
“2016 will see a more dynamic IT business sector in the Philippines,” the report said.
“IT businesses in the country are beginning to introduce great ideas, cloud-based or otherwise, to the market,” said Reynaldo Huergas, IPC president. This indicates that the industry “has the right values that will allow it to survive in a very competitive arena,” he added
The boom in personal and enterprise mobility and application development is at an all-time high. The Philippine Software Industry Association (PSIA) recently noted that software export sales have been growing at 31 percent over the years. This increase represents tremendous opportunity to drive demand for application server infrastructure as well.
The report also noted that enterprises across Asia are fast adopting cloud services, with a preference for hybrid cloud models.
The report showed that such a trend is rooted on the perception that the public cloud does not suit needs specific to Asian companies, steering the demand toward private cloud services.
The current hybrid model involves storing all mission critical data in the private cloud, while non-mission critical data are stored into the public counterpart.
According to Frost & Sullivan, a consulting firm that provides market research and analysis, growth strategy consulting, and corporate training services across multiple industries, more than half of Asian enterprises intend to adopt hybrid cloud solutions in 2016, thus stirring its growth rate by 20 percent from 2014 to 2019.
This translates to a market value of $25.7 billion to $65.2 billion by 2019.
“The Philippines ranks as the 33rd most attacked country in the world,” Huergas noted, referring to cyber attacks. “A hybrid cloud, one that also includes a DDoS mitigation system, will best respond to the ICT [information and communication technology]demands of an Asian enterprise,” he said.
DDos refers to distributed denial-of-service attack, which occurs when multiple systems flood the bandwidth or resources of a targeted system, usually one or more web servers.