Philippines ICT Sector Report 2023-2024

The Gross Value Added (GVA) of the information and communication sector in the Philippines in 2021 stood at PHP 639.0bn, an increase of 9.1% y/y. The Philippine ICT market was given impetus by the COVID-19 pandemic, stronger competition in mobile telephony, and regulatory changes introduced by the government. Approved FDI investment in the information and communication sector surged in 2021 and 2022. The amendment to the Public Services Act (PSA), which now permits 100% FDI in the telecom sector, will further accelerate growth. The telecom sector has seen a surge in capital investment as competition forced incumbents to invest in order to remain relevant. As a result of these investments, consumers are reaping the benefits of significantly improved mobile broadband and fixed broadband speeds, which were previously far behind other countries in the region. The increased penetration of fixed broadband has led to subscriber growth at a much faster pace in this underdeveloped market. The broadcasting sector is undergoing structural change as the preference for digital, non-linear media consumption grows. The government as well as small and medium-sized enterprises (SMEs) are deploying technology for automation and increasing efficiency, as the pandemic has demonstrated the importance of going digital. As digitalisation increases, risks of cyber crime and piracy become even more daunting, calling for stronger laws. The amendment to the cyber security laws has reduced threats, but the Philippine Online Infringement Bill is yet to be passed into law.

This report provides a complete and detailed analysis of the "Telecommunications" sector for Philippines. EMIS Insights presents in-depth business intelligence in a standard format across countries and regions, providing a balanced mix between analysis and data.

What this report allows you to do:

• Understand the key elements at play in the "Telecommunications" sector in Philippines
• Crystallise the forces both driving and restraining this sector in Philippines
• Ascertain Philippines’s position in the global sector
• Build a complete perspective on sector trade, investment and employment
• Understand the competitive landscape and who the major players are
• View M&A activity and major deals
• Gain an understanding of the regulatory environment for the sector in Philippines.
• Build a clear picture of trends, output and consumption for specific sub-sectors