Blockchain is in a slump, with almost half its 2018 market value wiped out in 2020. But the silver lining in that downfall has been the resiliency of industrial applications, not least in the agri-food market, which has dominated blockchain success stories.
The figure is more than average for all organizations in the region (74%) but still less than Asia Pacific culture of innovation leaders, where almost all (98%) agree that innovation is a necessity to staying resilient during a crisis.
Ookla said the mobile Internet speed in the country also improved, but at a much slower pace, showing an 99.1% increase in download speed over the last four years.
Foster believes that an increase in focus regarding the infrastructure within an organization today, is a must. In fact, the data sourced from IBM’s study entitled “COVID-19 and the Future of Business” revealed that six out of ten global C-suite executives accelerated the pace of digital transformations in their respective organizations.
The surge was driven by seasonality, new product launches, and the global pandemic. New products from the likes of Apple, Samsung, and others helped renew interest in popular categories such as smartwatches and hearables.
The telco cloud growth will be driven primarily by cloud infrastructure-related investments, such as Virtual Network Functions (VNFs), Management and Network Orchestration (MANO), and Cloud Native Functions (CNFs).
Chinese smartphone brand realme has claimed the top spot in the Philippine smartphone market after posting an impressive annual growth of 962.5% and capturing 25.4% of local market share in the third quarter.
