PHL ICT market seen to hit $21B by 2026 as firms spend more on tech - BusinessWorld Online

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LOCAL BUSINESSES are expected to continue spending on information and communications technology (ICT) next year, as they anticipate rising demand for digital solutions, according to some industry players.

pected to continue spending on information and communications technology next year, as they anticipate rising demand for digital solutions, according to some industry players.

“The retail sector is the major contributor to the growth of ICT in the Philippines,” GlobalData’s latest report said. In a separate e-mail interview, Cisco Philippines Managing Director Zaza S. Nicart said the company continues to see Philippine organizations digitizing their businesses, automating operations, and using innovative technology to strengthen resilience against unexpected challenges.

“As we enter a post-pandemic era, we’ll continue to see a growing demand in technology innovations and digital solutions such as cybersecurity, integrated cross-architecture IT and networking infrastructure, and collaboration tools supported by data analytics that will help companies better address employees’ health and well-being needs and promote inclusivity,” Ms. Nicart said.

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