Philippines Data Center Market Synopsis
The Philippines Data Center Market witnessed moderate growth in 2018-19, driven by various projects such as the VITRO Paranaque and the upgrade of VITRO Pasig. In addition, government initiatives such as the launch of the Integrated Government Philippines (iGovPhil) Phase III program in 2018 and the establishment of the Data Center Incubation Program in the same year to support new data center companies in the country, further supported this growth. In 2020, the demand for data center services in the Philippines was positively impacted by the COVID-19 pandemic, which accelerated the growth of digital transformation, cloud computing adoption, and other digital technologies, which stimulated the Philippines Data Center Market Growth.
According to 6Wresearch, the Philippines Data Center market revenue is projected to grow at a CAGR of 8.1% during 2023-29. The data center market in the Philippines is driven by growth in the e-commerce sector as Philippines e-commerce market sales grasped USD 17 billion in 2021, mainly backed by 73 million online active users. Additionally, the internet economy in the country reached USD 7.5 billion in 2020 and is expected to grow by 30 percent annually to reach USD 28 billion by 2025 which would drive the demand for data centers and hence would generate a demand for electrical equipment in the country. The Philippines data center market is expected to rise over the upcoming years as the internet economy of the country is expected to grow by 30% annually to reach USD 28 billion by 2025.
Market by Size
In 2022, Large size data center attained the highest market revenue share in the Philippines Data Center market on the back of its demand in the Manila region, which is the country’s business hub. Demand for large-size data centers is mainly from the industries such as finance, telecommunications, and government.
Key Highlights of the Report
- Philippines Data Center Market Overview
- Philippines Data Center Market Forecast
- Philippines Data Center Market Outlook
- Philippines Data Center Market Drivers and Restraints
- Philippines Data Center Market Trends
- Philippines Data Center Market Revenue Ranking, By Companies
- Covid-19 Impact on the Philippines Data Center Market
- Philippines Data Center Market Porters Five Forces
- Philippines Data Center Market Opportunity Assessment
- Competitive Benchmarking
- Company Profiles
- Key Strategic Recommendations
- Historical Data and Forecast of Philippines Data Center Market Revenues, By Size, for the Period 2019-2029F
- Historical Data and Forecast of Philippines Data Center Market Revenues, By Tier Ratings, for the Period 2019-2029F
- Historical Data and Forecast of Philippines Data Center Market Revenues, for the Period 2019-2029F
- Historical Data and Forecast of Philippines Data Center Market Revenues, By Electrical Infrastructure, for the Period 2019-2029F
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