IDC, in its annual Predictions of the information and communications technology (ICT) market for the Philippines, sees 2010 as the "launch pad" for further recovery in the market. IDC estimates the total IT market spending in the Philippines to increase by 7.6% to reach US$3.14 billion by the end of 2010, and would succeed in regaining a 9.1% compound annual growth rate (CAGR) by 2013. On the telecommunications front, spending is expected to record 7.7% growth in 2010, following the decline of 2.9% in year-end 2009. Telecommunications spending will increase and reach US$3.81 billion. |