The growing popularity of gaming, as well as fitness, has helped spread consumer awareness of VR while companies like Facebook have made the tech more accessible.
In the Philippines, digital banking dominates 69% of all finance app installs, showing the high adoption rate that Filipinos have when it comes to fintech products.
Desktops, however, recorded a 6.6% decline as Internet café demand dropped significantly in markets such as the Philippines due to a prolonged period of forced shutdown in business operation caused by the pandemic.
According to research firm IDC, the Philippines smartphone market grew annually by 26.8%, bringing in 4.2-million unit shipments in the first quarter of 2021.
Spending continued to consolidate in 2020 with the combined revenue of the top 5 public cloud service providers (Amazon Web Services, Microsoft, Salesforce.com, Google, and Oracle) capturing 38% of the worldwide total and growing 32% year over year.