In the latest Google study, the Philippines has been identified as the fastest growing digital economy in Southeast Asia (SEA) for 2024, reaching approximately $31 billion in gross merchandise value (GMV).
The market for AI-related hardware and software is expected to grow between 40% and 55% annually, reaching between $780 billion and $990 billion by 2027, according to new research released on Wednesday, Sept. 25, by Bain & Company.
This year’s e-Conomy SEA report from Google, Temasek and Bain & Company, said the Philippine digital economy is set to continue its double-digit growth by 2025, making the Philippines one of the fastest-growing digital economies in Southeast Asia.
According to Bain & Company's ’s fourth annual Global Technology Report 2023 released recently, the current generation of AI tools and models could help companies speed up 20% of worker tasks without loss in quality.
The sixth edition of the e-Conomy Southeast Asia (SEA) Report from Google, Temasek, and Bain & Company has revealed that the Philippines is now the fastest growing digital market in Southeast Asia, driven by e-commerce and food delivery services.