Press release
Philippines IT-BPO Market is Expected to Reach about PHP 2.5 Trillion in Terms of Revenue by the year ending 2023: Ken Research
• The local IT-BPO industry show-case no sign of slowing down over long term as IT-BPO services will remain among the top exports of the Philippines, especially to regions including US, Europe, Asia Pacific and others.• The BPO industry in Philippines is expected to get influenced by emergence of AIS (Artificial Intelligence Systems) for instance, Al-powered translators which would affect the wide use of English in the country. Additionally, Al-applications can take over process-driven jobs.
• The Philippines BPO industry is further expected to become a key developing industry, primarily due to relatively low cost of living and a workforce which is composed mainly of young and educated people with good spoken English language skills.
Emergence of New Job Roles: Introduction of new job roles such as cyber-security, mobile app development, social media and data science mobile app development has reduced the country’s dependence on call centers. As a result, it may create a negative impact on the country’s IT-BPO industry in near future. The industry is presently employing around 1.0 million Filipinos is further estimated to increase employment by providing 1.3-1.5 million jobs in the future. In addition to that, there are several university training programs available for BPO employees to improve their technical know-how skills with time.
Replacement of Labor: Technology upgradation is expected to replace 40,000 to 50,000 low-skilled or process driven jobs over the long term. Automation in the Philippines IT-BPO industry includes robotic processing and the use of chat bots. Apart from that, creating technical working groups per high impact program, raising funds for operational requirements of programs, identifying partners, synchronizing sector activities, initiating the creation of the project management office and setting up governance mechanisms will create a positive impact.
Animation and Gaming Industry gaining Traction in the Philippines: People residing in Philippines are accustomed to visual arts and story-telling that is gaining attention of foreign investors. As a result of this, more and more companies are planning to invest in the country’s locals’ high skill level. Philippines focus on growing industries in both voice and non-voice sectors such as global in-house centers (GICs), healthcare information management, animation, and gaming are also expected to ensure the future of BPOs in the country.
Automation Threat: The overall skill level of Filipino BPO workers are expected to be upgraded to another level as the process automation threatens the job security and the future of both workers and companies in the BPO industry. The Southeast Asian nation should prepare itself to offer more than just a pool of English speaking talent. Also, the IT-BPO executives should try to take on high-value outsourcing jobs, especially in R&A (Research and Analytics) in order to reduce the after-effects of artificial intelligence into an opportunity.
Analysts at Ken Research in their latest publication “Philippines IT Industry - By Hardware Market (Computer Sales and Peripherals Sales, By IT-BPO Market (Contact Center, Software Development, Transcription, Animation and Other BPOs), By Software Market (Software Development and Software Publishing) and By Antivirus Market (Enterprise Customer and Retail Customer” believe that the IT industry in the Philippines has been growing and is expected that it will expand further due to strengthening of domestic industry clusters, lack of financing, investment towards R&D, educating within the firms, staying incentivized and implementing data privacy in the near future. The market is expected to register a positive CAGR of 1.3% for hardware market; 11.5% for IT-BPO market; 15.6% for software market; and 13.5% for antivirus market in terms of revenue during the forecast period 2018P-2023E.
For more information on the market research report please refer to the link below:
https://www.kenresearch.com/technology-and-telecom/it-and-ites/philippines-it-industry/184012-105.html
Key Segments Covered
• Hardware Market
By Computers, Peripherals and Others
Desktops
Laptops
Tablets
Monitors
Printers
Other Products (USB, Hardisk, connected wiring systems, CDs, pen drives)
By Distribution Channel
Electronics and Appliance Specialist Retailers
Mixed Retailers
Internet Retailing
• IT-BPO Market
By Type
Contact Center
Software Development
Transcription
Animation
Other BPOs
By Export and Domestic Market
• Software Market
By Software Development and Software Publishing
Application Software
System Software
• Antivirus Market
By Enterprise and Retail Customer
By Offline and Online Sales
By Security Type
Total Security
Internet Security
Anti-Malware and Anti-Spyware
Antivirus
By Licenses
5+ PC
3 PC
2 PC
1 PC
By Renewal and New Contracts
Key Target Audience
• Hardware Manufactures
• Software Development/Publishing Companies
• IT-BPO Companies
• Antivirus Companies
• Home Users
Time Period Captured in the Report:
• Historical Period - 2012-2018P
• Forecast Period – 2018P-2023E
Major Companies Covered:
• Hardware Market
Samsung
Acer
Apple
Asus
Lenovo
Others
• IT-BPO Market
Accenture
Convergys
JPMorgan
24/7 Customer Philippines
Telephilippines Inc
Others
• Software Market
IBM
Accenture
Others
• Antivirus Market
Trend Micro
Symantec
ESET
Avast
Kaspersky
Sophos
Others
Key Topics Covered in the Report
• Executive Summary
• Research Methodology
• Stakeholders in the Philippines IT Industry
• Introduction to the Philippines IT Industry
• Philippines Hardware Market
Introduction to Philippines Hardware Market
Philippines Hardware Market Size, 2012-2018P
Philippines Hardware Market Segmentation, 2012-2018P
Competitive Landscape in the Philippines Hardware Market
Trends and Developments in the Philippines Hardware Market
Philippines Hardware Market Future Outlook and Projections, 2018P-2023E
• Philippines IT-BPO Market
Introduction to Philippines IT-BPO Market
Philippines IT-BPO Market Size, 2012-2018P
Philippines IT-BPO Market Segmentation, 2017
Comparative Landscape in the Philippines IT-BPO Market
Trends and Developments in the Philippines IT-BPO Market
Philippines IT-BPO Market Future Outlook and Projections, 2018P-2023E
Analyst Recommendations in the Philippines IT-BPO Industry
• Philippines Software Market
Introduction to the Philippines Software Market
Philippines Software Market Size, 2012-2018P
Philippines Software Market Segmentation, 2017
Trends and Developments in the Philippines Software Market
Philippines Software Market Future Outlook and Projections, 2018P-2023E
Analyst Recommendations in the Philippines Software Market
• Philippines Anti-Virus Market
Introduction to Philippines Anti-Virus Market
Philippines Anti-Virus Market Size, 2012-2018
Philippines Anti-Virus Market Segmentation, 2017
Competitive Landscape in the Philippines Anti-Virus Market
Snapshot on Cyber Security within the Philippines
End User Analysis for Selecting an Antivirus Company in the Philippines
Trends and Developments in the Philippines Anti-Virus Market
Philippines Antivirus Market Future Outlook and Projections, 2018P-2023E
Analyst Recommendations in the Philippines Antivirus Market
• Snapshot on Philippines Multi-Media Software Market
• SWOT Analysis in the Philippines IT Industry
• Macroeconomic Factors affecting the Philippines IT Industry, 2012-2022E
Related Reports
https://www.kenresearch.com/defense-and-security/security-devices/middle-east-cyber-security-market/160752-16.html
The report provides a comprehensive analysis on the Middle East cyber security market including cyber security market size, Market segmentation by region (North, Central, West, East and South), by Type of solution (firewall, intrusion detection system, antivirus, identity and access management, encryption, data loss prevention, unidentified threat management, disaster recovery), Growth Drivers, Restraints, Key Regulations Future Outlook and Analyst recommendation. This report will help the readers to identify the ongoing trends in the industry and anticipated growth in future depending upon changing industry dynamics in coming years. The report is useful for system integrators, developers, distributors, resellers, end users such as government and potential entrants and other stakeholders to align their market centric strategies according to ongoing and expected trends in the future.
https://www.kenresearch.ae/defense-and-security/security-devices/middle-east-electronic-security-market/168983-16.html
The report covers various aspects including introduction to Middle East monitoring and surveillance and restricted entry systems market size, major players in middle east electronic security market, Market segmentation by region (North, Central, West, East and South), Market Segmentation by Type (Video and monitoring systems and restricted entry systems), Growth Drivers, Restraints, Key Regulations Future Outlook and Analyst recommendation. This report will help the readers to identify the ongoing trends in the industry and anticipated growth in future depending upon changing industry dynamics in coming years. The report is useful for system integrators, manufacturers, distributors, resellers, end users, government and potential entrants and other stakeholders to align their market centric strategies according to ongoing and expected trends in the future.
https://www.kenresearch.com/defense-and-security/security-devices/brazil-cyber-security-market-report/111464-16.html
The report provides a comprehensive analysis on the cyber security market in Brazil. The report covers various aspects such as overall size of Brazil cyber security market size in terms of revenues, Global cyber security market size, Brazil antivirus & antimalware market size, Market segmentation of Brazil cyber security market on the basis of types of security, solutions, regions, end users, major industries, services and others, Brazil antivirus & antimalware market segmentation, trends and growth drivers of the industry, issue & challenges, market share, and future analysis of the industry. The report also covers the competitive landscape of the industry, heat map analysis, list of system integrators and consultants operating in the market.
Contact Us:
Ankur Gupta
Head Marketing, Ken Research Private Limited
Ankur@kenresearch.com
+91-9015378249
Ken Research Pvt. Ltd.,
Unit 14, Tower B3, Spaze I Tech Business Park, Sohna Road, sector 49 Gurgaon, Haryana - 122001, India
Ken Research is a Global aggregator and publisher of Market intelligence, equity and economy reports. We provides business intelligence and operational advisory in 300+ verticals underscoring disruptive technologies, emerging business models with precedent analysis and success case studies.
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