The Philippines ICT market outlook for 2008

The Philippines begins to show heightened information and communication technology (ICT) awareness in both the consumer and commercial segments. While some portions of the country have yet to fully adopt or implement IT infrastructures, gradual steps are being taken. On the back of relatively favorable socio-economic and political landscape, 2007 was a good year for they country's ICT market, characterized by innovated business models, offerings and product portfolios, redefined primary objectives and business strategies and expanded ICT spending and areas of business opportunities.

For this year, the outlook shows one of sound ICT market performance. IDC expects total IT spending to reach US$2.5 billion and telecommunications spending to US$ 3.4 billion in 2008. Key trends are showing to include expansions in areas outside the National Capital Region, intensification of consumer consumption and optimization of business operations and performance. Closely monitoring developments and trends in technology markets in this country continues to be an important factor in successfully capturing existing and emerging business opportunities for stakeholders. IDC has over 50 employees in the countries, and its broad research coverage is designed to meet the tactical needs of country sales and marketing managers as well as the more strategic requirements of regional and global executives.

About IDC

IDC is the premier global provider of market intelligence, advisory services, and events for the information technology, telecommunications, and consumer technology markets. IDC helps IT professionals, business executives, and the investment community make fact-based decisions on technology purchases and business strategy. Over 1,000 IDC analysts in 110 countries provide global, regional, and local expertise on technology and industry opportunities and trends. For more than 43 years IDC has provided strategic insights to help our clients achieve their key business objectives. IDC is a subsidiary of IDG, the world's leading technology media, research, and events company. You can learn more about IDC by visiting http://www.idc.com/ .

Contact

For more information, contact:
Sasithorn Sae-iao
Events & Marketing Executive
Tel: 66-2651-5585-87 Ext. 113
Email:sasithorn@idc.com