- While the Philippines is a rapidly growing cloud market, hyperscalers have not yet announced any plans for a Philippines region.
- However, digital transformation, increased cloud usage, edge computing, and growing international connectivity offer opportunity for Philippine vendors to work with hyperscale providers.
GlobalData expects the Philippines to be a strong market for growth in cloud-based services that serve the enterprise (including IaaS, PaaS, and SaaS) as well as the consumer segment (e.g., streaming video, social media, and e-commerce). Based on our “GlobalData Market Opportunity Forecasts to 2024: ICT in Philippines” (August 28, 2020), enterprise spending on cloud services will grow from USD 1.8 billion in 2020 to USD 2.6 billion in 2024. Furthermore, cloud-based service usage is booming in the consumer segment as well, with social media and content streaming growing rapidly. Based on our “Philippines Mobile Broadband Forecast” (December 24, 2020), streaming mobile video users will grow from 53 million in 2020 to 80 million in 2024, while mobile social media users will grow from 75 million to 80 million over the same period. Continue reading “Philippines on the Cusp of Cloud Revolution”