{"id":38754,"date":"2019-11-15T03:22:14","date_gmt":"2019-11-15T03:22:14","guid":{"rendered":"https:\/\/mec.ph\/?p=38754"},"modified":"2022-03-25T10:09:57","modified_gmt":"2022-03-25T02:09:57","slug":"where-is-the-philippine-ict-heading-in-2020","status":"publish","type":"post","link":"https:\/\/mec.ph\/infographics\/where-is-the-philippine-ict-heading-in-2020\/","title":{"rendered":"Where is the Philippine ICT Heading in 2020?"},"content":{"rendered":"\t\t
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Where is the Philippine ICT Heading in 2020?<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Philippines is becoming one of the\u00a0emerging tech regions<\/strong>\u00a0in Asia as strong public investments are expected to support the country\u2019s economic growth. More than ever, the Philippine Government recognizes the need for strengthening efforts to widen the reach of\u00a0ICT in the Philippines.<\/strong>\u00a0In line with this,\u00a0P5.2 billion<\/strong>\u00a0is allocated for the\u00a0Department of Information and Communications Technology (DICT)<\/strong><\/a>\u00a0for 2020 to support its efforts in rolling out interconnectivity and data security programs.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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Of the overall budget,\u00a0P1.1 billion<\/strong>\u00a0will be used to install\u00a0free\u00a0WiFi<\/a>\u00a0in public places.<\/strong>\u00a0Some\u00a0P280 million<\/strong>\u00a0will be used to fund free Wi-Fi facilities in state universities and colleges while\u00a0P196 million<\/strong>\u00a0will be for the\u00a0National Broadband Plan.<\/strong><\/a><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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Furthermore, it is also envisioned that around\u00a0P295 million<\/strong>\u00a0is needed on creating\u00a0the National Government Data Center (NGDC)<\/strong><\/a> which will serve as the physical infrastructure that will interconnect government agencies through centralized data centers, servers, and storage facilities.<\/p><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t

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The Market Potential of ICT in the Philippines<\/h3>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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According to\u00a0the 2015 Frost & Sullivan report,<\/strong><\/a><\/span><\/span>\u00a0there is going to be a shift in total spending in the\u00a0ASEAN IOT Market.<\/strong>\u00a0Singapore, the undisputed leader with\u00a044.25% of total IoT spending,<\/strong>\u00a0will drop by close to the\u00a050%<\/strong><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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Singapore 2015<\/center>\t\t\t<\/span>\n\t\t\n\t\t
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Singapore 2020<\/center>\t\t\t<\/span>\n\t\t\n\t\t
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while the Philippines share will increase by\u00a012%<\/strong>. This only means one thing, the Philippine IoT spending is forecasted to grow from\u00a0US $55.1M in 2014 to a staggering US $766.8M in 2020.<\/strong><\/a><\/span><\/span>\u00a0We are about to see the emergence of Philippine\u2019s ICT Market.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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Philippines 2015<\/center>\t\t\t<\/span>\n\t\t\n\t\t
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Philippines 2020<\/center>\t\t\t<\/span>\n\t\t\n\t\t
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Considering that the Philippines is a country with a young population that is in the\u00a0process of building its ICT market,<\/strong>\u00a0it is poised at creating a government, as well as companies, that are actively looking for partners in the ICT space.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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Key Areas in ICT Development:\n<\/h3>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Back in 2014,\u00a0Manufacturing and Logistics<\/strong>\u00a0has the biggest share of spending in ICT. However, the sectors of\u00a0banking, healthcare and smart city<\/strong>\u00a0hold a lot of promise for future investments of ICT.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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Banking<\/h4>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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In a study done by the\u00a0World Bank,<\/strong>\u00a0it is said that\u00a069% of Filipinos did not have bank accounts in 2014.<\/strong>\u00a0This factor, combined with the\u00a0rise of online shopping,<\/strong>\u00a0presents a gigantic opportunity for\u00a0e-wallet operators<\/strong> in the ICT space, as they could easily claim roughly two-thirds of the Philippine population as potential customers.<\/p><\/div><\/div><\/div>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t

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Healthcare<\/h4>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Meanwhile, in the latest\u00a0Philippine Statistics Authority report,<\/strong><\/a> health-related expenditures pose an\u00a08.3% increase in total spending in 2018 compared<\/strong>\u00a0to the previous year\u00a0contributing 4.6% to the country\u2019s GDP.<\/strong>\u00a0In effect, the Philippine government has been also\u00a0actively looking at ICT services for healthcare solutions<\/strong> in an effort to provide a sufficient level of health care, especially to rural areas and spread-out island communities.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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Smart Cities and Infrastructure<\/h4>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Smart Cities are an important component in growing digital economies, as it incorporates\u00a0sustainable growth<\/strong>\u00a0and\u00a0deep technological integration<\/strong>\u00a0into the country as well as giving\u00a0substantial economic boost.<\/strong>\u00a0The Philippines have planned for\u00a0multiple smart city projects<\/strong><\/a>\u00a0that will be launched over the next decade such as the\u00a0New Manila Bay City of Pearl and New Clark City<\/strong>\u00a0being the core developments.\u00a0The New Clark City<\/strong>\u00a0alone is predicted to contribute an additional\u00a0USD$31 billion to the country\u2019s GDP.<\/strong><\/p><\/div><\/div><\/div>

\u00a0<\/div><\/div><\/div><\/div>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t
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\nFactors Driving ICT Spending Increases in 2020\n<\/h3>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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\nUpgrading Infrastructure<\/h4>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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We are all aware that the world of technology is fuelled by\u00a0continuous advancements.<\/strong>\u00a0Upgrading ICT infrastructures, which remains to be the\u00a0main driver of ICT spending increase<\/strong>, is an imperative for businesses because keeping legacy ICT infrastructures can expose your business to risks like\u00a0system downtimes, decreased productivity, security issues, and increased cost.<\/strong><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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Growing Security Concerns<\/h4>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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The threat of cyberattacks<\/strong>\u00a0remains as one of the biggest challenges that the Philippines is facing nowadays. The growing number of aggressive and malicious hackers targeting businesses is not to be shrugged off.\u00a0A study by Frost & Sullivan<\/strong>\u00a0states that a large-sized organization in the Philippines can possibly incur an economic loss of\u00a0$7.5 million,<\/strong>\u00a0more than 200 times higher than the average economic loss for a midsized organization\u00a0($35,000).<\/strong>\u00a0Organizations should invest in a robust\u00a0unified threat management system<\/strong><\/a> that protects their most valuable assets, data and information.<\/p><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t

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Employee Growth<\/h4>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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The abundance of human and talent resources<\/strong>\u00a0in the Philippines presents an\u00a0under-tapped national asset<\/strong>\u00a0that is\u00a0ripe for mobilization.<\/strong>\u00a0Building a thriving ICT ecosystem requires a mechanism to complement this opportunity with a conducive policy and business environment that can\u00a0optimize productivity and increase competitiveness.<\/strong>\u00a0For instance, ICT innovations, such as\u00a0higher broadband speeds<\/strong>\u00a0first introduced through the BPO sector\u2019s rigorous global requirements, are slowly becoming mainstream requirement in other industries like banking, education, the government, and even at home.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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Ready to Get Started?<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Ready to
Get Started?<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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In the end, we at MEC look forward to how the private and government sectors will strengthen the partnership and move past industry boundaries to build on the momentum of digital growth that will promote balanced regulation, empowered innovative endeavors, and boosted competitiveness for inclusive growth of all Filipinos.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"

Philippines is becoming one of the emerging tech regions in Asia as strong public investments are expected to support the country\u2019s economic growth. More than ever, the Philippine Government recognizes the need for strengthening efforts to widen the reach of ICT in the Philippines.<\/p>\n","protected":false},"author":5,"featured_media":61271,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"elementor_header_footer","format":"standard","meta":{"rank_math_lock_modified_date":false,"footnotes":""},"categories":[41,5,8,11,13,29,31,32,36,40],"tags":[],"_links":{"self":[{"href":"https:\/\/mec.ph\/wp-json\/wp\/v2\/posts\/38754"}],"collection":[{"href":"https:\/\/mec.ph\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mec.ph\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mec.ph\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/mec.ph\/wp-json\/wp\/v2\/comments?post=38754"}],"version-history":[{"count":0,"href":"https:\/\/mec.ph\/wp-json\/wp\/v2\/posts\/38754\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mec.ph\/wp-json\/wp\/v2\/media\/61271"}],"wp:attachment":[{"href":"https:\/\/mec.ph\/wp-json\/wp\/v2\/media?parent=38754"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mec.ph\/wp-json\/wp\/v2\/categories?post=38754"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mec.ph\/wp-json\/wp\/v2\/tags?post=38754"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}