This growth came at the expense of overall market value as average selling prices (ASPs) fell due to increased competition and discounting by retailers seeking to reduce excess inventory.
The DICT said the Philippines in recent years has been grappling with a notable increase in cybersecurity threats, driven by the ever-evolving digital landscape.
The year-on-year decline in inkjet and laser products can be ascribed to reduced demand from Asia-Pacific customer groups in all segments except small offices and very large businesses.
Transsion, whose brands include Tecno and Inifinix, took a sizeable lead, accounting for 38% of total shipments in 2Q23 and retaining the top spot for two consecutive quarters.
The top five vendors (in alphabetical order) were AWS, Google, Microsoft, Salesforce, and SAP, which captured more than 40% of the total market share in 2022.
IDC said it expects the quantum computing market will continue to experience slower growth until a major quantum hardware development that leads to a quantum advantage is announced.
Demand for tablets continued to be weak in the quarter and most of the top vendors recorded double-digit declines as consumer confidence and purchasing power remained low.
This was the sixth consecutive quarter of contraction brought on by macroeconomic headwinds, weak demand from both the consumer and commercial sectors, and a shift in IT budgets away from device purchases.
A recent report titled by research firm IDC has revealed that approximately 32% of organizations surveyed in the Asia-Pacific region have expressed their commitment to investing in generative AI technologies.
