Global ICT Market Growth in the Philippines

$ 14.04B

$ 20.6B

Predicted ICT Market Growth in Philippines

Due to the demand for ICT jobs in the Philippines, more and more Filipinos are choosing to work in the industry. Due to this rise in interest, it was interesting to discover whether or not ICT jobs will continue to flourish in the future.

According to their official website, GlobalData provides unique data, expert analysis & innovative solutions to companies in the world's largest industries.

They reported that the worldwide ICT market in the Philippines garnered a valuation of US$ 14.04 billion in 2021.

Furthermore, it is projected to expand at a compounded annual growth rate (CAGR) of 8%, reaching a noteworthy value of US$ 20.6 billion by the year 2026.

With the displayed figures, it is safe to assume that Filipinos pursuing the ICT industry are in good hands for the foreseeable future.

Highest Paying Information Technology Jobs in the Philippines

As of May 2022 by average annual salary (In 1,000 Philippine Pesos)

Data Scientist
₱ 641.28

Information Security Analyst
₱ 584.53

System Analyst
₱ 483.92

Web Designer
₱ 299.91

Web Developer
₱ 290.08

IT Support Specialist
₱ 222.64

Computer Programmer
₱ 205.05

Highest Paying Jobs in the Philippine IT Industry

Aside from the great demand, Filipinos are increasingly preferring to work in the IT business due to the excellent pay. This is due to the fact that technical professionals are in charge of ensuring businesses adhere to industry standards and emerging technology.

Statista is a worldwide data and business intelligence platform with over 80,000 statistics, reports, and insights from 22,500 sources across 170 sectors. The Statista Research Department revealed figures on the highest-paying positions in the Philippine IT business in June 2022, and data scientists were discovered to be the highest-earning information technology professionals. This position is in charge of gathering, analyzing, and interpreting data in order to help in organizational decision-making.