IDC

The country’s GDP by 2024 stands to gain between $26 to $28 billion with the digitalization of Filipino small and medium enterprises, according to the 2020 Asia Pacific SMB Digital Maturity study commissioned by networking hardware maker Cisco.

In total, 353.6 million smartphones were shipped during 3Q20 and while the market declined, the results were stronger than IDC's previous forecast of a 9% year-over-year decline.

Continuity of business and online schooling have led to double-digit growth in the traditional PC market, as global shipments grew 14.6% year over year in Q3 of 2020, according to analyst firm IDC.

With many people stuck at home, the gaming market has benefited from new interest.

While the recent surge in PC and tablet demand still has some legs, research firm IDC said it expects the market to decline in 2021 as businesses and consumers continue to deal with the economy uncertainty brought on by the pandemic.

The Covid-19 pandemic continues to bring a host of challenges to most vendors, especially those whose manufacturing sites are in China and neighboring countries, including the Philippines and Indonesia.

Worldwide spending on artificial intelligence (AI) is forecast to double over the next four years, growing from $50.1 billion in 2020 to more than $110 billion in 2024.

The report, which was conducted by analyst firm IDC for tech giant Lenovo, noted that many educational institutions felt that the mass migration into distributed, online learning during the pandemic was launched very quickly, without the opportunity for change management processes and operational best practices.

While this year's growth is somewhat slower than previous years due to the economic impact of Covid-19, research firm IDC said investment in AI will recover quickly.

As restrictions around the world tightened in the first few weeks of the quarter, demand for notebooks continued to grow to maintain continuity of business and schooling for many communities.