Philippines Data Center Market (2023-2029) | 6Wresearch

Nitesh20 Jul, 2023Business

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.