Infrastructure as a Service - Philippines

Philippines

Revenue in the Infrastructure as a Service market is projected to reach US$479.00m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 26.03%, resulting in a market volume of US$1,523.00m by 2029.
The average spend per employee in the Infrastructure as a Service market is projected to reach US$9.97 in 2024.
In global comparison, most revenue will be generated in the United States (US$78,280.00m in 2024).

Key regions: United Kingdom, China, France, Netherlands, Germany

Market

Region

Region comparison

Currency

Analyst Opinion

The Infrastructure as a Service market in Philippines is experiencing significant growth, driven by customer preferences for flexible and scalable IT infrastructure solutions.

Customer preferences: Customers in the Philippines are increasingly adopting Infrastructure as a Service (IaaS) solutions due to their flexibility and scalability. With IaaS, businesses can easily scale their IT infrastructure up or down based on their needs, allowing them to be more agile and cost-effective. Additionally, IaaS solutions eliminate the need for businesses to invest in and maintain their own physical infrastructure, reducing operational costs and freeing up resources for other strategic initiatives.

Trends in the market: One of the key trends in the IaaS market in the Philippines is the increasing adoption of cloud-based services. Cloud computing offers businesses the ability to access and manage their infrastructure remotely, providing greater flexibility and accessibility. This trend is driven by the growing demand for remote work and the need for businesses to have reliable and secure access to their data and applications from anywhere. Another trend in the market is the rising popularity of hybrid cloud solutions. Hybrid cloud combines the benefits of both public and private clouds, allowing businesses to have greater control over their data while also leveraging the scalability and cost-effectiveness of public cloud services. This trend is driven by the need for businesses to have a flexible and customizable infrastructure that can meet their specific requirements.

Local special circumstances: The Philippines has a rapidly growing digital economy, with a large and young population that is increasingly connected to the internet. This creates a favorable environment for the adoption of IaaS solutions, as businesses seek to leverage technology to drive innovation and growth. Furthermore, the government in the Philippines has been actively promoting digital transformation and has implemented policies to support the growth of the IT industry, including infrastructure development and investment incentives.

Underlying macroeconomic factors: The economic growth in the Philippines is driving the demand for IaaS solutions. As businesses expand and invest in digital transformation, they require scalable and cost-effective IT infrastructure to support their operations. The Philippines has a strong outsourcing industry, with many businesses outsourcing their IT operations to the country. This creates a demand for IaaS solutions, as businesses look to leverage the expertise and infrastructure of service providers. In conclusion, the Infrastructure as a Service market in the Philippines is growing rapidly due to customer preferences for flexible and scalable IT infrastructure solutions. The adoption of cloud-based services and hybrid cloud solutions is driving this growth, as businesses seek to leverage technology to drive innovation and growth. The favorable local circumstances, including the growing digital economy and government support for the IT industry, are also contributing to the development of the market.

Methodology

Data coverage:

The data encompasses B2B and B2C enterprises. Figures are based on the money spent at manufacturer price level (excluding VAT).

Modeling approach / Market size:

The segment size is determined through a top-down approach. We use financial statements such as annual reports, quarterly earnings, and expert opinions to analyze the markets. To estimate the segment size for each country individually, we use relevant key market indicators and data from country-specific industry associations, such as GDP and level of telecommunications infrastructure.

Forecasts:

We use a variety of forecasting techniques, depending on the behavior of the relevant segment. The main drivers are the GDP and the level of digitization.

Additional notes:

The data is modeled using current exchange rates. The market is updated twice a year in case market dynamics change. The impact of the COVID-19 pandemic is considered at a country-specific level.