Philippine IT market to reach $3.6B this year

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According to a research published by Business Monitor International (BMI) the Philippines’ information technology (IT) market is seeing a tremendous boom, and is expected to grow by $3.6 billion, or about 9.6 percent in 2013.

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Bikram Singh Thakral, chief executive officer of Thakral One, said that, “Enterprise and mid-market clients in the Philippines are beginning to institutionalize data analytics as a core capability and are appreciating the value that insights can provide.”

He added that, “It is, however, critical that business intelligence and analytics solutions don’t take forever to implement, and are modular in nature. We have assembled a specialized team with in-depth experience in enterprise performance management, business intelligence, predictive analytics and data warehousing.”

BMI said that the growth in the Philippines is attributed largely to the sales of software and IT services. These are estimated to grow to $442 million and $1.1 billion, respectively.

It added that 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.

With more than 10 years of experience serving the needs of the Philippines market, Thakral One is an integral part of the country’s IT landscape. The company combines an in-depth understanding of the local nuances and global best practices to serve client needs.

The Thakral One portfolio includes IT infrastructure solutions and services, carefully selected enterprise applications and reliable long-term managed support to clients.

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