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Industry Case Study – Part 1

Characteristics, Trends & Data covered for each of the Industries

Objective: To understand and explore an industry that interests and excites you

Industry Overview

Growth Outlook

Facts & Trends

Startups in the Industry

Learning TOOL

Explore Industry characteristics and trends

Pick 1-2 industries that interest you personally, and explore further

HEALTH

Clinical ServicesPharamaceutical BioTech

Healthcare : Prevent & Cure Dieseases

SHELTER

Residential Commercial Industrial

Real Estate: Providing relevant housing solutions for varied needs

FOOD

Agri-Tech Agri Business Bio-Tech FoodTech

Agriculture: Producing Food for Consumption

CLOTHING

Textiles Garments Eco-friendly

Textile: Helping individuals cover and protect themselves

MANUFACTURING

Metallurgy Product Design Automation

Industrial Manufacturing: Materials & Quality Control

DEEPTECH

AI & ML Quantum Computing NanoTechnology

Deep Technology: Scientific & Engineering Innovations

MOBILITY

Autombile Electric Vehicles Autonomous Driving

Mobility: moving individuals and goods from one place to another

BUSINESSSERVICES

Legal Services Facilities Management HR

Professional Services: Consulting & Management

Click here for more industries

Explore Industry characteristics and trends

Pick 1-2 industries that interest you personally, and explore further

MONEY

FinTech Banking Capital Markets

Finance: Making it possible for humans to trade and transact

EDUCATION

EdTech Online Learning K-12 Education

Education: Teaching humans to make effective use of their intelligence

SOFTWARE

Cybersecurity Cloud Computing IoT

Software: Development & Technology Solutions

ENERGY

Fossil Fuel Renewable Energy CleanTech

Energy: Providing different forms of energy for varied uses

ENTERTAINMENT

Cinema Performing Arts Music

Entertainment: Movie, Arts, Media

Hospitality: Guest Experience & operational Efficiency

HOSPITALITY

Accommodation Travel & Tourism Event Management

LOGISTICS & SUPPLY CHAIN

Inventory Management Warehousing E-Commerce

Logistics & Supply chain: Transport and Risk Management

AIR & WATER

Air QualityWater Infrastructure Compliance

Air & Water: Treatment & Purification

Health Industry

Growth Outlook

Facts & Trends

Startups

Growth Outlook - Health

8.23%

People

hospital activties

157,368 workers

medical & dental practice ACTIVITIES

48,877 workers

DEMOGRAPHY

sickness/injury

health facility visits

medical checkup

prenatal / postnatal check

45%

41%

MArket SIZE

206,245

out of 1,100 startups in the Philippines in 2024 are under the health sector

₱ 1.44 Tn

Data Source: Gobi Core Philippine Fund

valued in 2023,with a CAGR of 9.65%

READ: The Philippine Startup Ecosystem Report

₱ 1.44 Tn (2023)

Innovation Trends

9.65% CAGR

Medical Tourism and Senior Living

Health Techonology Services

AC Health President and CEO Paolo Borromeo reports opportunities for growth in the sector.

Legato Health Technologies' Rajat Puri on transforming healthcare management services through call center services.

₱ 909 Bn (2019)

Sources: Gobi Core Philippine Fund, CNBC International News, ANC News, Philippine Statistics Authority

Industry Facts & Trends- Health

Digitization& Access

Policies & Initiatives

Education & Training Investment

Pharmaeutical & Biotech Companies

Cost-Efficiency

Businesses can benefit from universal healthcare policies and initiatives that integrate healthcare systems, rationalize copayments, attract and retain talent, and incentivize investments. These could potentially strengthen healthcare provision and quality.

Digital and data transformations can aid businesses in navigating diverse health needs, digitization, and price controls. This shall facilitate improvements in healthcare delivery and access (e.g. digital health apps with 1M+ downloads).

Digitization may create an opportunity to develop healthcare ecosystems that provide offline-to-online care, potentially realizing cost efficiencies.

Investment opportunities in healthcare education and training, such as nursing schools or medical colleges.

Investment opportunities in pharmaceutical and biotech companies involved in research development and manufacturing of drugs, medical devices or biotechnology products.

Sources : McKinsey & Company, PwC Philippines

Startups

Founded

Founded in 2016

Founded in 2023

Founded in 2019

Founded in 2020

Products & Services

Speech Development System designed to support children with speech delays through Video Modeling.

PACS solution and imaging communication system that enables distribution of radiology images to their entire practice setup within a single platform, available anytime, anywhere.

Online medical market that provides cost-effective means to access medical supplies and equipment.

The social enterprise behind the Philippines’ first digital health marketplace and health service hub

Customers & Users

Healthcare institutions and investors seeking access to critical healthcare services.

Parents of children with speech delays, particularly those on the Autism Spectrum

Patients and healthcare providers

Hospital procurement teams

Revenue & Investment

Revenue: Php Investment: $ 10,000

Revenue: Php 5.2 Mn Investment: $ 7 Mn

Revenue: Php 1 Mn Investment: $ 408,000

Revenue: Php 203.9 Mn Investment: $ 110,000

1USD is at PHP 57

Removes the need for image lifecycle management and additional applications This reduces the cost, as well as hardware and administration requirements.

Equips parents to actively assist their children from the comfort of their own homes (via tablet or smartphone).

Impact

Provides tools for searching, canvasing, and purchasing medical products, as well as for vendor sourcing, verification, and accreditation.

Allows patients and health providers to access and provide services (telehealth or in-person) within a unified mobile and web platform.

Sources : Crunchbase, Practo, HealthifyMe, Innovaccer Inc., cultfitOfficial

Food Industry

Growth Outlook

Facts & Trends

Startups

Growth Outlook: Food

124

DEMOGRAPHY

57.63%

Quick Service Restaurants

25.83%

Cloud Kitchens

Food Service Type

LARGEST SEGMENT

FASTEST-GROWING

MArket SIZE

People

foodtech startups

372,623 workers

$16.12 Bn

in the Philippines in 2024

Data Source: Tracxn Technologies Limited

employed in25,642 restaurants and mobile food service establishments in 2021

Valued in 2024,with a CAGR of 14.32%

Tracxn's report on Top 10 Food Startups in the PH

Innovation Trends

₱ 31.47 Bn (2029)

Big change in consumption trends due to change in location

Online food delivery services and grocery shopping

₱ 16.12 Bn (2024)

Grab Food & Grocery Trends 2023 Report: Evolving consumer behavior on delivery apps in the post-pandemic era

Pushing for agriculture innovation to improve PH food production | ANC

14.32% CAGR

Sources : Tracxn, Statista, Mordor Intelligence, Philippine Statistics Authority, Grab, ANC News

Industry Facts & Trends : Food

Healthy and convenient food options

New technologies in food production, processing, and packaging

Strong export markets for PH agricultural products

Increased average volume per person in the Food Market

Online & offline customer food journeys

The average volume per person in the Food market is expected to amount to 413.20kg in 2024. The Food market is expected to show a volume growth of 4.5% in 2025, and is expected to amount to 59.38bn kg by 2029.

People becoming more conscious about their well being has brought about an increasing consumer demand for convenience foods, healthier options, and sustainably produced food items.

Apart from food deliveries, Filipinos rely on apps to read reviews, pre-purchase vouchers online, place their orders digitally at tables in restaurants, and discover new restaurants and stores.

The 1.2% expansion on the PH agriculture was driven by higher poultry and livestock production, increased fruit harvest, and record-high rice output.

Promoting food safety across the food value chain through investing in quality infrastructure and facilties, strengthening staff capacity, and improvement and enforcement of food safety policies and regulations.

Sources : Department of Trade and Industry, Grab, Department of Agriculture, Statista

Startups

Founded

Founded in 2019

Founded in 2020

Founded in 2022

Founded in 2020

Agritech firm and fresh produce distributor sourcing fruits and vegetables directly from farmers to serve the largest hotels and restaurants in the Philippines.

Builds online-optimized brands and proprietary cloud kitchen technology. Specializes in dish transport and quality testing, menu engineering, and packaging innovation.

Online food and beverage brand builder operating a cloud kitchen and meal plan delivery service.

Community selling and buying platform that helps people become online grocery sellers in their neighborhood and offers fresh and affordable grocery items to buyers.

Products & Services

Customers & Users

Food businesses that serve customers solely through delivery service

Filipino customers with an interest in meal planning and food sustainability

Filipinos seeking extra income through online selling

Filipino farmers, hotels, and restaurants

Revenue & Investment

Revenue: $13.7 Mn Investment: $ 16.9 Mn

Revenue: Php 5 Mn Investment: $ 3 Mn

Revenue: $ 74.1 Mn Investment: $ 24.8 Mn

Revenue: Php 1 Mn Investment: $ 4.25 Mn

1USD is at PHP 57

Impact

Provides high quality groceries cheaper than the local supermarket. No minimum order, no hidden charges, no delivery fees.

Finances and directly buys agricultural inputs of local farmers for distribution to hotels, restaurants, food manufacturers, etc.

Creating next-generation digital brands and proprietary cloud kitchen technology.

Harnesses smart kitchen technology and low-waste processes, promoting a healthy food market and high retention cut-off time for processing orders.

Sources: CloudEats, Zylica Technologies Inc. YouTube Channel, PitchBook, Kita Agritech, Kita Agritech YouTube Channel, e27, Kraver's Canteen, ANC 24/7 youTube Channel, Traxcn, SariSuki, Zoom Info

Clothing Industry

Growth Outlook

Facts & Trends

Startups

VIEW

Growth Outlook: Clothing

22.22%

GEOGRAPHY

People

MArket SIZE

out of 1,100 startups in the Philippines in 2024 are under the clothing sector

Women's Wear

72,640 workers

$6.8 Bn

53.1%

Data Source: Gobi Core Philippine Fund

Largest proportion of the industry's overall value (2022)

Valued in 2022,with a CAGR of 5.1%

Total employment in 2021

READ: The Philippine Startup Ecosystem Report

Innovation Trends

$6.8 Bn (2022)

Innovations in Textile

Sustainable Fashion

$5.3 Bn (2017)

KatHABI Fashion Innovation Event showcasing the latest innovations in textiles and apparel during the 2022 National Science and Technology Week

Filipino brands are taking a significant shift towards sustainability and are adopting eco-friendly practicesto minimize environmental impact.

5.1% CAGR

Sources: Gobi Core Philippine Fund, Research and Markets, Philippine Statistics Authority, BusinessWorld, DOST STII YouTube Channel

Industry Facts & Trends: Clothing

Online and Offline Sales Channels

Emerging Consumer Preferences

Smart Textiles

Online Shopping

Market Potential

The Philippines has seen a surge in demand for locally-made, sustainable clothing, as consumers prioritize supporting local businesses and reducing their environmental impact.

Online shopping has become entrenched in Filipino consumers, as they find that they get access to a wider range of products, can compare prices more easily, and can shop with more convenience.

To capture the opportunity that this shift in Filipino consumer preferences brings and to unlock growth in this sector, retail organizations could turn to omnichannel strategies to seamlessly integrate online and offline channels.

Businesses may need to explore investments that increase resilience across the supply chain, alongside researching and developing new products that serve emerging consumer preferences, such as that for natural ingredients and sustainable sources.

On average, each person in the Philippines is expected to contribute 2.6pieces units to the Apparel market in 2024. The Philippines' Apparel market continues to show promising potential and is a significant player in the global market segment.

Sources: Crunchbase, Invest India, FICCI, Apparel Resources

Startups

Founded

Founded in 2000

Founded in 2010

Founded in 2008

Founded in 2012

A fashion & design house empowering community artisans from the Philippines. They make bags, clothes, and home accessories.

A homegrown local brand dedicated in providing innovative and inclusive undergarments...

ANTHILL preserves and promotes weaving traditions by applying them to contemporary design for everyday wear.

Online retailer headquartered in Singapore offering multi-category fashion products serving multple Southeast Asian.

Products & Services

Large domestic market and millennial and Gen-Z consumers. ZALORA serves in the B2C space in the Retail market segments

Global customers, making up between 80-90% of sales. Many of these clients are Filipinos living abroad who wish to...

Customers & Users

Eco-conscious consumers, advocates of sustainable fasion, and supporters of social enterprises.

Filipinos seaking inclusive and sustainable undergarments

Revenue & Investment

Revenue: $6M Investment: No publicly available estimate

Estimated Revenue Range: $1M to $10M

Revenue: Php 750,000 (2021) Investment: Php 20,000

Estimated Annual Revenue: Less than $1M

Provides customers with seamless hasslefree deliveries accorss the region. Brands also benefit from Zalora's inte derived frin more than 59M+ visits.

Brings disruptive innovation to the undergarment industry, empowering women to shape their identities by reinventing...

Provided income security for 700 craft artisans and makers by providing market access and Community Enterprise...

Trained over 1000 artisans, have expanded into 9 communities, and employed more than 250 people.

Impact

Sources : Bworldonline.com, Rocketreach.co, Crunchbase

Shelter Industry

Growth Outlook

Facts & Trends

Startups

Growth Outlook: Shelter

3.9%

MArket SIZE

DEMOGRAPHY

People

$65.5 Bn

3.9 Mn

83,548

of startups in 2021 are under the Philippine Real Estate Industry

Valued in 2023, with a CAGR of 7%, projected to grow from $48.52 billion in 2023 to $65.5 billion by 2028.

Housing backlog in the Philippines. Low-cost, socialized housing units account for a large share of housing production (70%).

employed workers in 2021, reflecting its significance in the national economy.

Philippine Start-up Ecosystem

Philippines Construction Market

Innovation Trends

2028: $65.5B

"Sustainable Housing"

"Work-from-Home Setups"

7+% of CAGR

Sustainable housing projects are increasing, focusing on eco-friendly materials and energy efficiciency

The rise of remote work has created a demand for residential developments that cater to work-from-home setups

2023: $48.52B

Sources : DTI Philippines, Global Data, industry.gov.ph, Business World

Industry Facts & Trends: Shelter

Overseas Filipino Investors

Digitization to Meet Market Demands

Embracing Sustainability

Promising Real Estate Investments

Mixed-use Properties

Philippine real estate developers are leveraging technology to streamline processes, improve customer experiences, and boost security...

A key factor in the Philippine real estate market is the large overseas Filipino population. Many invest in local properties to secure their future and generate income...

Investment opportunities include residential properties, commercial spaces, tourism and hospitality, mixed-use developments, and Real Estate Investment Trusts (REITs).

The shift to sustainability among property developers has grown, with more energy-efficient buildings and eco-friendly, transit-oriented developments...

Real-estate developers are increasingly building properties that combine residential, commercial, and recreational spaces. Mixed-use...

Sources : BusinessWorld, PwC, Statista

Startups

Founded in 2015

Founded in 2022

Founded in 2015

Founded in 2018

Founded

Tech-enabled real estate brokerage that offers a free online platform to make homebuying seamless and...

Cubo Modular specializes in sustainable home construction within the housing industry.

Property technology (proptech) venture that leverages the powerful blend of people and technology...

Airbnb for office and retail spaces.

Products & Services

Homebuyers, contractors, sellers, and notaries.

Socially conscious consumers and low income Filipinos.

Businesses and entrepreneurs who wants to lease space for short periods or whenever they need them

Philippine homebuyers: individuals and families

Customers & Users

Potential Revenue: Demand of 1.2 million affordable houses every year until the year 2030...

Investment: $132.5 M Revenue: Php 100 M

Investment: $2.6M

Investment: USD 26.7K

Revenue & Investment

Lhoopa has housed over 13,000 people. The company also has employed more than 100 contractors and...

Using technology to make home buying experience as easy, convenient and worry-free as possible,

Help entrepreneurs and businesses grow by providing workspaces that are up to 25% cheaper.

Provides affordable, dignified solution to the Philippines'housing crisis.

Impact

Sources : Crunchbase, StartupRise, BuiltOffsite

Energy Industry

Growth Outlook

Facts & Trends

Startups

VIEW

Growth Outlook- Energy

5.56%

MArket SIZE

MOST ENERGY INTENSIVE SECTOR

People

$1.2 Bn

56,349

of total startups in 2023 are under the climate domain, focusing on renewable energy and climate-related solutions.

Transportation is the most energy intensive sector at 31.31%. Followed by Households at 29% and Industry at 19.4%, valued in 21'

The renewable energy market in the Philippines reached USD 1.2 billion in 2022.

workers in 2021 for the energy, highlighting its importance in national employment.

Source: Gobi Core Funds

Philippines Renewable Energy Market

Innovation Trends

"Clean Energy Technologies"

"Smart Grids and Energy Storage"

$1.2B (2022)

The sector is witnessing increased focus on smart grids and energy storage technologies to enhance energy efficiency

Growing investment in clean energy technologies for diversification, including energy efficiency, renewable energy, and resiliency aspects.

$1.02 Bn (2017)

3.3% CAGR

Sources : Gobi Core, Research and Markets, doe.gov.ph, psa.gov.ph, CNBC, BusinessWorld

Industry Facts & Trends: Energy

Digital Infrastructure

Energy Security

Combination of Gas & Renewables

Upgrading of Power Grids

Removal of Foreign Ownership Limits

Currently, stakeholders are focused on increasing energy security, particularly on importing liquefied natural gas (LNG) to meet power plants’ requirements as...

Gas, renewables, and transmission are potential growth drivers for the sector. Shift to gas, which is likely to stimulate investment in infrastructure and capacity...

Upgrading power grids so that they become more flexible and better able to cope with the intermittent electricity supply that comes with renewables will be...

Businesses in the industry could explore developing facilities and digital infrastructure to enable industry expansion outside the metros, especially in...

Recent regulatory moves to remove foreign ownership limits on expansion, development, and utilization of renewable energy sources could...

Sources : McKinsey

Startups

SoIX Technologies

Light of Hope

Liter of Light

Founded in 2011

Founded in 2017

Founded in 2023

Founded in 2013

Founded

Largest solar company in Southeast Asia with over 300 MW of generating capacity and 10,000 hectares of...

Provides clean renewable energy technologies combined with IOT sensor/data analytics at a very affordable rate...

SolX caters to the retail electricity market by providing a platform that allows its clients to choose...

Teaches green skills and creates green jobs for the most climate vulnerable communities. They build...

Products & Services

Commercial / industrial establishments

Less privileged off-the-grid island communities

Communities experiencing energy poverty

Commercial / industrial facilities

Customers & Users

Investment: P 22M Revenue: 50 clients x PhP 150,000.00/ month (per client)

Investment: $216K Revenue: $15K

Investment: $2B Estimated Revenue Range: $10M to $50M

Investment grant: $ 50K- $300K

Revenue & Investment

Generate additional electricity supply for the Luzon grid, effectively increasing the productivity...

Aims to help build resilient and sustainable communities, help mitigate climate change, and uplift the lives of the...

The system has helped some companies “save an average of 25% on their energy costs. Recorded a total of...

Illuminated 1 million lives a year across more than 30 countries since 2013, working with over 650 women’s...

Impact

Sources : CrunchBase, pna.gov.ph, bimp-eaga.asia, world-habitat.org

Mobility Industry

Growth Outlook

Facts & Trends

Startups

VIEW

Growth Outlook : Mobility

Road Transport Tech startups in the Philippines in 2024

72%

DEMOGRAPHY

Marine Segment

27.2%

RoadSegment

0.6%

Air Segment

MArket SIZe

People

1,142,268 workers

$3.4 Bn

Data Source: Tracxn

Wholesale and Retail trade; Repair of Motor Vehicles and Motorcycles (2021)

Valued in 2022,with a CAGR of 0.6%

Tracxn's report on Road Transport Tech in the PH

USD 3.4 Bn (2022)

Innovation Trends

AI, EV, Micromobility, and Air Mobility

Use of E-bikes in the Philippines

USD 3.3 Bn (2017)

Altmobility PH - Proliferation of use of e-bikes shows user innovation, lack of good public transport.

Auto firms and professional services highlight trends that will cater to market needs, consumer preferences, and advancement in technology.

0.6% CAGR

Sources : Tracxn, Marketline Philippine Statistics Authority, BusinessWorld, ANC 24/7 YouTube Channel

Industry Facts & Trends : Mobility

Growth in GDP and Business Confidence

E-commerce Firms and Tech-Driven Logistics

Rise of Ride-Hailing Services

No-contact Transactions

Convenience & Affordability

The growth in the Filipino transportation services industry group is influenced by several macroeconomic factors, such as rising GDP and growing confidence. Business confidence index in the Philippine reached 39.7 in 2022.

The digital shift has been led by e-commerce firms (e.g. Lazada, Shopee) who work with tech-driven logistics firms (e.g. Ninja Van, Lalamove) to transport items so that customers can track their orders in real-time. This increases order status transparency, reduce lead times, and speed up customs clearance processes by up to 80%, taking only 3-5 business days.

The pandemic brought about more online retailers and purchases as consumers stayed home to avoid coming into contact with disease vectors. According to the Department of Trade and Industry (DTI), there were 1,700 online sellers in March 2020 and 93,318 in January 2021.

Customers in Philippines are increasingly looking for convenient and cost-effective transportation options. Shared mobility services offer them flexibility and affordability, making it an attractive choice for daily commuting and short trips.

Companies offering ride-hailing services have gained popularity due to their ease of use and quick access to transportation. The bike-sharing and scooter-sharing services have also seen a surge in demand, especially in urban areas where traffic congestion is a major issue.

Sources : Mordor Interlligence, Research and Markets, Statista

Startups

AutoDeal

Founded

Founded in 2013

Founded in 2014

Founded in 2019

App for public transit and commute routes app with formal and informal transportation modes, including jeepney, bus, and trains.

Motorcycle taxi ride-hailing app that provides safe, accessible, and afforable motor-taxi rides to ease daily commute. Powered by Grab PH's technology...

Online automotive marketplace.

Superapp offering ride-hailing and delivery services.

Products & Services

Customers & Users

Filipino commuters and public transit users

Car buyers who prefers hassle-free transactions

Drivers, merchants, and commuters

Motorcycle riders and commuters.

Revenue & Investment

Revenue: 500,000 bookings received in a day

Investment: $2.9M

Investment: $ 150K

Revenue: $121 million (2024)

Collects and provides the best commuting data available. Served over 20 million routes and counting.

Impact

AutoDeal helps source 35, 000 quotations per month and assist 25, 000 buyers a year to land a new car for the best price.

Move It supplemented the lack of adequate public transport facilities in urban areas. Filipino commuters are provided with...

20,000+ drivers onboarded, 1 Million+ app downloads, 5,000+ business partners.

Sources : Tracxn, CrunchBase, Joyride, Insiderph.com

Money

Industry: FinTech, Banking, Capital Markets

Growth Outlook

Facts & Trends

Startups

Growth Outlook- Money

22.2%

MArket SIZe

DEMOGRAPHY

People

of startups in 2023 are in the finance or fintech sector of the Philippines, including six licensed digital banks like Union Digital Bank and Maya.

$508.5 Bn

84.75 Mn

356,474

Filipino bank industry group recorded assets of USD 508.5B in 2023

number of internet users who are a potential market for fintech-related products and services.

people employed in 2021 for the financial and insurance sector.

Source: Philippines Start-up Ecosystem Report

FinTech Industry

Innovation Trends

$508.5 Bn (2023)

"Modernizing Banks for Philippines' Digital Generation"

"Digital Banking Revolution"

$319.1 Bn (2018)

9.7% CAGR

Credits: Fintech Fireside Asia

Credits: McKinsey & Company

Sources : Marketline, Gobi Core Funds, FinTech News, psa.gov.ph, Fintech Fireside Asia, McKinsey

Industry Facts & Trends- Money

Decline in Interest Rates

Cyber Security & Fraud Risks

Financial Inclusions

Digital Adoption

Unsecured Lending

Basic deposit accounts reached $22M Bangko Sentral ng Pilipinas continues to invest in financial inclusion initiatives. For example, basic...

Grew by 27 percent annually from 2020 to 2022. Growth in unsecured lending is expected to continue but at a slower pace than in the past two to three years. For...

60% of adults have a mobile phone Digital channels are expected to continue to grow, with data showing that 60 percent of adults who have a mobile phone and internet access...

Key interest rates are expected to decline in the second half of 2024, creating more accommodating borrowing conditions that could boost...

Cyberattacks are expected to continue to rise over the next 5 years. Advancements in IT operations are expected to prevent cyberattacks in the ICT market.

Sources :Invest India, IBEF, BFSI, pwc, Forbes India

Startups

Mynt

Tonik Digital Bank

Parallax

PDAX

Founded in 2023

Founded in 2015

Founded in 2018

Founded in 2017

Founded

Money trading platform that provides simple, safe, and secure investment opportunities for Filipinos...

Mobile payment and credit service owned by Philippine mobile operator Globe Telecom. Mynt is one of...

Digtal bank tha provides retail financial products, including deposits, loans, savings accounts, payments, and...

Finance service platform providing hassle-free, affordable, and instant international payments with...

Products & Services

Money trading platform that provides simple, safe, and secure investment opportunities for Filipinos...

Filipinos with an interest in banking, businesses, and merchants.

Filipino consumers and organizations.

Freelancers, remote workers, and businesses owner.

Customers & Users

Investment: 867.8M Unicorn

Investment USD 175 M Estimated Revenue Range $10M to $50M

Estimated Revenue Range $1M to $10M Investment: $63.6 million

Investment: $ 4.5 M

Revenue & Investment

Provides an easy-to-use and secure investment platform that is accessible to every Filipino regardless of their...

Provides Filipinos with a digital bank that is simple, not intimidating, helps them save, all at the click of a button.

Works towards financial inclusivity through technology solutions, making lifestyle payments...

Redefines the way money crosses borders, starting with helping freelancers, remote workers, and global...

Impact

Sources : CrunchBase, Parallax

Education Industry

Growth Outlook

Facts & Trends

Startups

Growth Outlook

4.44%

MArket SIZE

GEOGRAPHY

People

$315 Mn

12 Mn (45%)

1.2 Mn

of startups in 2023 are in the education sector, with leading players such as Edukasyon.ph and Frontlearners focusing on EdTech solutions.

the number of learners in Elementary School, 31% in Junior High14% in Senior High8% in Kindergarten2% in Alternative Learning

workers in 2021 for the education sector, spanning public and private institutions.

The Philippine EdTech market is projected to reach USD 315 million by 2024.

LMS Market (Philippines)

Innovation Trends

$117.76 Mn (2027)

"2 Biggest Future Trends in Education"

"Blended Learning"

$88 Mn (2022)

Blended learning combines digital resources with traditional classroom methods, providing flexibility and personalized learning experience.

6.2% CAGR

Youtube: Video Playtime (5:39)

Sources : Rational Stat, Gobi Ventures, Ken Research, psa.gov.ph, Asia Education Review, Bernard Marr Youtube Channel

Industry Facts & Trends

Higher Education

Rising needs for e-learning Solutions

Learning Management Systems

Growing trend of multi-channel learning to augment expansion

Government Initiatives

Rising e-learning solution need is a significant market driver for LMS. LMS platforms have been popular because of increased digital devices, internet...

Market value of US$ 88 million in 2022 Some of the prominent players that contribute significantly to the learning management systems market growth include...

LMS platforms have been popular because of increased digital devices, internet connectivity, and the demand for flexible and accessible education.

The popularity of online learning and training in higher education is expected to drive market growth.

The E-Learning industry is expected to expand majorly due to rising government initiatives to improve the country's quality of education by adopting various e-learning systems over the long term.

Sources :Rational Stat, Globe News Wire, Ken Research

Startups

OrangeApps

Founded in 2013

Founded in 2015

Founded in 2020

Founded

An online educational platform designed to empower learners at different touchpoints...

Cerebro provides cloud-based teaching content for K-12 schools allowing teachers to save up to 400 hours of...

Modern school management system intended for optimizing day-to-day operations and...

Filipino tech company that offers cloud-based learning solutions for technology skills development. They...

Products & Services

Universities, K-12 Institutions, Vocational Colleges, and Governments and Enterprises

Targets students, parents, schools, and guidance counselors. Providing resources on college and...

Small, medium, and large-scale schools in the Philippines

Teachers and Educational Institutions

Customers & Users

Investment: $3.37 Million Estimate Revenue Range $10M to $50M

Investment: $200k Estimated Revenue Range: $1M to $10M

Investment: $62K

Investment: $ 20.6K

Revenue & Investment

eLearning solutions are implemented in dozens of schools and universities nationwide.

Empowers schools and solves problems in education through technology and innovation, allowing...

10 million learners and 1M registered users

Virtual labs helps democratize access to learning digital skills, particularly among...

Impact

Sources : CrunchBase, Tracxn, PitchBook

Air & Water Industry

Growth Outlook

Facts & Trends

Startups

Growth Outlook - Air & Water

5.56%

MArket SIZE

DEMOGRAPHY

People

60 Mn

40,717

PhP 122.92 Bn

of total startups in 2023 are under the climate domain , focusing on renewable energy and climate-related solutions, such as solutions on air and water.

The market for water services in the Philippines grew at a CAGR of 10.82%, increasing from...

people in the Philippines (52% of the population) lack access to safe water and 43 million people (37%) lack access to a safe toilet.

workers in 2021 were employed in the air and water domain, showing its significance in employment generation.

PhP 122.92 Bn (2021)

Waste Water Treatment Industry

Innovation Trends

"Modernizing Manila's Water"

"Sustainable solutions for water collection"

10.82% CAGR

An ADB funded project used a faster, cheaper, and safer modern tunnel boring technology to excavate a 4th supply tunnel for the Angat-Ipo reservoirs.

PhP 73.2 Bn (2016)

The Times of India article

Sources : psa.gov.ph, Gobi Ventures, water.org, ADB Youtube Channel, Wateroam

Industry Facts & Trends- Air & Water

Soft and Hard Facility Management

Infrastructure Development

Expert Services

Water & Sanitation Services

In-House Facility Market

52% of the population lacks access to safe water Out of its population of 115 million people, 60 million people (52% of the...

Facility Management Market size is estimated at USD 3.88 billion in 202 The country is witnessing several expansions by leading...

The in-house facility management segment is expected to hold a significant market share, providing dedicated resources...

In the Philippines, hard facility management is gaining significant growth for commercial spaces as it can provide businesses with access to expert...

Demand of 2.6 million liters per day. Manila Water Co. Inc. partnered with Damosa Land Inc. to manage water facilities for an industrial estate. Manila Water's subsidiary, Manila...

Sources : Mordor Intelligence, water.org

Startups

FarmConnect

Hiraya Water

Founded in 2018

Founded in 2023

Founded in 2014

Founded

FarmConnect is an AgTech Startup providing technologies such as the fog catcher and water...

R-TAP is an intelligent supply and pressure management system that transforms water distribution systems...

Waste recovery system through tracking and traceability technology.

Provides Air Quality Monitor for Home and Business.

Products & Services

The Fog Catcher and Water Harvesting Program is a verified gold standard (VGS) approach aimed at...

Communities and Organizations

Households and Businesses

Households and water districts

Customers & Users

Investment: $29.7K Grant Estimated Revenue Range $1M to $10M

Investment: $10K

Undisclosed

Investment (estimated) USD 358.8K

Revenue & Investment

Help monitor manage air quality to reduce deaths and improve lives, health and well-being globally.

Built technology and framework to formalize the waste industry, decreasing plastic entring landfills and...

Helps collect about 20 to 25 liters of water produced by mist from the morning fog.

Hiraya Water is guided by the UN Sustainable Development Goals, with a focus on making an impact under SDGs 6...

Impact

Sources : Tracxn, Govt Tribe, The Independent Investor

Entertainment

Growth Outlook

Facts & Trends

Startups

Growth Outlook - Entertainment

5.56%

MArket SIZE

DEMOGRAPHY

People

PhP 1.72 Tn

86.98 Mn

55,181

of startups in 2023 are in the entertainment sector. Notable players include Kumu, a live-streaming platform with over 10 million users across 55 countries.

internet users in the Philippines at the start of 2024 of which accounts to a big share of Digital Media users in the country.

The Philippine creative economy reached PhP 1.72 trillion in 2023.

workers were employed in 2021 in the entertainment sector.

Innovation Trends

2023

2018

"Global Film Production"

"Live Selling"

4.49% CAGR

Off-shore filming has expanded. Filipino films have been making waves in major international film festivals

Live selling via social media and e-commerce platforms, where users receive exclusive offers during live-streamed sales

Sources : Gobi Ventures, psa.gov.ph, Data Reportal

Industry Facts & Trends- Entertainment

Evolving EV Landscape

Subscription-based video

Music Streaming

Online or Digital Media

In-Home Entertainment

Music streamers forecasted to reach 6.3 million in 2027 Apart from video streaming, music streaming is also among the top online activities of Filipino internet users. Free and paid music...

6.4 million Filipinos were using video streaming services Netflix’s domination in the world market of subscription-based video streaming has also taken its course in the country, with a market share of 31...

Over 98 percent of Filipino internet users used a video streaming subscription service 2020 saw a boom in streaming in the Philippines as movie theaters...

In 2018, there were about 588 television broadcasting stations in the country While online media consumption gradually increased, a large portion of viewers still...

In 2020, the Philippines was among the top five countries with the highest online media market value. The gradual shift to digital or online media platforms...

Sources : Statista

Startups

Tier One Entertainment

Kumu

Founded in 2018

Founded in 2017

Founded in 2018

Founded in 2019

Founded

Offers a simple and affordable growth and editing subscription service for podcasters across the globe.

Fully digital ticketing and event technology solution with more than 9,000 payment outlets, making it...

Premier gaming and entertainment label. An organization elevating and promoting gaming culture.

A live-streaming platform where users can interact with content creators, participate in contests, and even watch...

Products & Services

Podcasters

Event organizers and ticket buyers in the Philippines

Gen-Z and Millenial audiences, livestreamers, gamers, and merchants.

Gamers / esports athletes

Customers & Users

Investment: $350K

Investment: $7M Estimated Revenue Range: $50M to $100M

Investment: $750K

Investment: $ 94M

Revenue & Investment

Helped hundreds of podcasters grow and edit their shows across multiple countries. 265 Podcast...

Champions Filipino voices from accross the world, creating a vibrant online culture while enabling creators to earn.

Hosted 1,300 live events, accessed by over 11,000 unique users, has sold more than 29,000 tickets

Build gaming communities through original IPS, creators and esports.

Impact

Sources : CrunchBase, CB Insights

Logistics & Supply Chain

Growth Outlook

Facts & Trends

Startups

Growth Outlook - Logistics & Supply Chain

5.5%

PERFORMANCE INDEX

JOBS

MArket SIZE

208,548

$25.38 Bn

100%

of startups in 2021 are in the logistics industry.

The logistics market is projected to grow from USD 18.03 billion in 2023 to USD 25.38 billion by 2029.

workers in 2021 for the logistics and Supply Chain.

of warehouse rents are occupied in Central Luzon, compared to 98.4% in Metro Manila and 84.24% in Calabarzon.

Source: Philippine Start-up Ecosystem

Philippine's Logistics Market

Innovation Trends

$25.38 Bn (2029)

"Collaboration and partnerships"

"Digitalization"

Digitalizing logistics can make companies market leaders by improving supply chain efficiency, reducing costs, enhancing communication...

$18.03 Bn (2023)

DTI Philippines - Logistic Services

7.08% CAGR

Sources : Rhtlawasia.com, Mordor Intelligence, Makreo, psa.gov.ph

Industry Facts & Trends- Logistics & Supply Chain

Modern & Specialized Warehousing Facilities

Growth in Cross-border E-Commerce

Government Increased Spending

Increase in E-commerce

Tech-driven Logistics

Freight and Logistics Market size is estimated at USD 18.03 billion in 2023 The government's increased spending on infrastructure projects, such as transportation and energy, is expected...

E-commerce is anticipated to contribute USD 25M The market is also experiencing growth in cross-border e-commerce sales, with a significant number of online users in the Philippines...

Speed up customs clearance processes by up to 80% The digital shift led by e-commerce firms, coupled with tech-driven logistics firms, is enhancing order...

With the rise of online shopping and the need for efficient distribution networks, companies are investing in modern warehousing facilities to accommodate...

1,700 online sellers in 2020 to 93,318 in 2021.The pandemic has led to a shift in consumer behavior, with more people opting for online shopping...

Sources : Mordor Intelligence, Makreo

Startups

Mober

Shipmates

Inteluck

Founded in 2021

Founded in 2014

Founded in 2015

Founded in 2019

Founded

Provides solutions for logistics firms to track their fleet of vehicles. Inteluck allows its customers to...

AI-powered automation service dedicated to transforming the global supply chain.

Shipping platform connecting different e-commerce channels such as websites and social...

The pioneer in green+tech logistics in the Philippines providing same-day last-mile delivery across the the country.

Products & Services

Large retail companies and Filipinos seeking item shipments.

Air, ocean, import, and export freight forwarders

Small and medium enterprises and enterprise-level companies.

Enterprieses and carrier businesses.

Customers & Users

Estimated Revenue Range: $1M to $10M Investment: $ 10M

Investment: $56M Estimated Revenue Range: $10M to $50M

Investment: $ 21.7M

Investment: $2.2 M

Revenue & Investment

Thousands of freight containers are now being moved internationally via Expedock every week...

Makes shipping process easier and faster for small businesses online and offline.

Revenue: Php 250 M (2023) Investment: $ 6 Mn

Leverages technology and data to provide end-to-end logistics services.

Impact

Sources : CrunchBase, Technode

Software

Growth Outlook

Facts & Trends

Startups

Growth Outlook - Software

556

JOBS

MArket SIZE

Demography

169,176

$933 Mn

86%

total SaaS startups in the Philippines in 2024

workers in 2021 for the software sector in the Philippines.

of Philippine SMEs see digital adoption as key to improving business processes, particularly customer experience...

The Philippine software market is projected to reach USD 933 million in 2024.

Source: Tracxn

Philippines's Software Market

Innovation Trends

$1387 Mn (2029)

"Data Boom"

"Cloud Based Solutions"

More businesses are turning to software providers who offer cloud-based solutions for business operations, which can be...

$933 Mn (2024)

Data boom opened new opportunities in digital space from work-from-home and learn-from-home setups.

8.25% CAGR

Sources : Tracxn, Statista, Epson, psa.gov.ph

Industry Facts & Trends- Software

Low-Code and No-Code Development Platforms

Young and Tech-savvy Population

Customized Software Solutions

Cloud Computing & Remote Working

Business Process Outsourcing

Customers in the Philippines are increasingly seeking out software solutions that are tailored to their specific needs and requirements. This has led to a rise in demand for application...

The Philippines has a rapidly growing economy, with a young and tech-savvy population that is increasingly connected to the internet and mobile devices. This has created a favorable...

The Philippines is home to a large and growing business process outsourcing (BPO) industry, which has been a key driver of growth in the Application Development...

Increasing use of low-code and no-code development platforms. These platforms allow users to create applications without the need for extensive coding knowledge or...

One of the key trends in the Application Development Software market in the Philippines is the rise of cloud-based solutions. As more businesses and...

Sources : Statista

Startups

Founded in 2020

Founded in 2013

Founded in 2020

Founded

E-commerce service provider offering unique and highly customized solutions through inclusive technologies. They provide digital consumer...

A multi-channel and In-App Commerce platform that lets businesses sell inside the world’s biggest apps like...

Twala is an app that allows easy signing of legally binding documents online using any laptop or smartphones...

One-stop management solutions.

Products & Services

Professional Organizations

Small and medium enterprises and enterprise-level companies.

E-Commerce Merchants

Its target market includes individuals, businesses, and government agencies.

Customers & Users

Investment: $220K

Investment USD 712M

Investment: Php 5.6 Million

Investment: $ 3K

Revenue & Investment

With over 3,500 merchants and more than 85,000 unique transactions, ChatGenie supports local business...

40% savings in time and materials per agreement, 6 layers of information security, 80% faster turnaround time...

Leading the change in emerging markets, introducing tools that have allowed millions more to...

Helps professional organizations take full advantage of technology so they can focus on the things they love.

Impact

Sources : CrunchBase, Twala, F6s

DeepTech

Growth Outlook

Facts & Trends

Startups

Growth Outlook - Deeptech

JOBS

MArket SIZE

EcoSYSTEM

127993

$ 65.2 Bn

$ 65.2 Mn

deep-tech startups in the Philippines in 2024.

workers in 2021 for the professional, scientific, and technical activities sector.

is the market size for AI Industrial Robotics and AI Service Robotics in the DeepTech Industry.

Projected value of the AI and Robotics market in the Philipppines by 2024

Source: Tracxn

Philippines' AI Market Size

Innovation Trends

$259.6 Mn (2030)

"AI in the Workforce"

"AI, ML, 5G, IoT, and a Data-driven, Digital-first Approach"

25.90% CAGR

Amid worries about the impact of generative AI on the workforce, the CEO of a tech platform said the Philippines may gain big from the new tech innovation.

Technologies that large enterprises can leverage to stay ahead in today's business landscape.

$65.2 Mn(2024)

Sources : Tracxn, Statista, globe.com.ph,psa.gov.ph

Industry Facts & Trends- Deeptech

AI in the Workforce

Advancements in Manufacturing

Pioneering the Biotech Industry

Artificial Intelligence

Market Growth

The Philippines was the first Southeast Asian country to plant biotech corn in 2003. By 2018, 630,000 hectares were planted, benefiting 470,500 farmers and making the country the 13th largest...

Key trends in the semiconductor market include the adoption of advanced manufacturing processes like 7nm and 5nm for smaller, more efficient chips, and an increasing R&D investment to...

The rising demand for smartphones, tablets, and IoT devices has driven growth in the semiconductors market.

A 2024 Microsoft and LinkedIn study found that 86% of Filipino knowledge workers use AI, surpassing the global average. Additionally, 70% of Philippine executives prefer hiring...

The AI robotics market is driven by rising labor costs, a skilled worker shortage, and the need for greater efficiency. Industry 4.0, IoT, and increased automation...

Sources : Statista, Business World, ISAAA

Startups

Thinking Machines

CirroLytix

Senti

Nanotronics

Founded in 2015

Founded in 2013

Founded in 2016

Founded in 2014

Founded

Senti AI helps private and public institutions to jumpstart their AI and ML projects as efficiently and cost-effectively as possible.

Provide solutions to help governments, researchers, NGOs, and social enterprises leverage data to achieve...

Technology company producing advanced materials, products and solutions supporting key enabling industries.

Thinking Machines is a data science company operating at the intersection of AI and Data Design.

Products & Services

Industries: Electronics, Packaging, 3D printing, Medical, Automotive, Marine Coating

Development, B2C, Capital Heavy Industries, Social sector, finance, retail, renewable energy,

Social Impact Fields e.g public health, democaracy, education etc.

Industries

Customers & Users

Investment: $114K

Investment: $100K

Ivestment: $449.6K

Revenue & Investment

Recognized globally in addressing SDGs using space tech e.g., AEDES a dengue mapper tool,

Developed a poverty estimation machine learning model for the Philippines. Developed geospatial AI models for...

Develop new, advanced and nanocomposite materials for use in different industries like electronics, semiconductor...

Empowers humans and organizations to work efficiently with AI.

Impact

Sources : UNICEF, CrunchBase, Nanotronics

Manufacturing

Growth Outlook

Facts & Trends

Startups

Growth Outlook - Manufacturing

6.1%

PEOPLE

exports

MArket SIZE

1,172,195

15.7%

PhP 3.9 Trillion

The gross value added by the Philippine manufacturing industry was PhP 3.9 trillion in 2023

of startups in 2021 are in the manufacturing Industry, which includes startups that contribute to export and domestic markets, focusing on technology integration.

of merchandise exports go to the US, followed by Japan, China, Hong Kong, and Singapore. The sector serves both export and...

workers in 2021 for the manufacturing sector, underscoring its significance in the national labor market.

Manufacturing Market Size in India

Trends and Insights

"Robotics, Sensorics, Analytics, and Visualization"

PhP 3.9T (2023)

"AI Enhancements"

AI's integration into manufacturing processes is enhancing efficiency and productivity in the sector

Future of Manufacturing: Resilience and technological upgrades to financial and operational impact at scale

4.6% FY23

PhP 3.4T (2021)

Sources : Rhtlawasia.com, psa.gov.ph, dti.gov.ph, Business World

Industry Facts & Trends- Manufacturing

Developing the Domestic EV Value Chain

Upskilling and Program Development

Enhancing Intersectoral Linkages

Self-sufficiency and Resiliency

Transferring STEM Knowledge and Technology

Manufacturing industries could pivot to complex semiconductor components, generic OTC drugs, nature-based pharmaceuticals, and green products like EVs, batteries, solar panels, and biomass.

To drive growth, support for R&D and upskilling is essential. Investment in supply chain infrastructure and government programs for digital transformation can boost innovation and meet Industry 4.0 demands.

With semiconductors driving approximately 45 percent of Philippine exports, the transfer of knowledge and technology, as well as the...

The Philippines also is likely to benefit from increasing regional trade, as well as the emerging trend of nearshoring or onshoring as countries seek to make their supply chains more resilient.

The focus on building resilient supply chains and increasing self-sufficiency is growing.

Sources : Statista, IBEF

Sources : McKinsey

Startups

Magwai

Panublix

Founded in 2021

Founded in 2009

Founded in 2016

Founded in 2014

Founded

A social enterprise that transforms a “pest” into eco-iconic and multi-functional leather goods sustainably...

A sourcing platform & marketplace connecting designers to regenerative tropical textiles and artisan...

Utilize cutting-edge technology of the “Internet of Things”, and Radio Frequency Identification (RFID) to...

MAGWAI specializes in manufacturing reef-safe personal care products.

Products & Services

Eco-conscious consumers

Professionals and companies who want to create a strong patriotic, environmental, and socio-ethical statement

Designers and brands

Businesses, Governments, households, educational system

Customers & Users

Revenue: PhP 1M Revenue: ₱359,257.20 (2021)

Estimated Revenue Range $1M to $10M

Revenue: $6M

Revenue: ₱1 M - ₱2.5 M

Revenue & Investment

Revolutionized businesses, government, household, and educational system for the better.

200 Kg+ Phil. tropical yarn sold, 284 jobs, and 60+ brands

Empowers affected families by the water hyacinth infestation problem through livelihood generation and enriches...

Protects the Reef, Protects the skin, and Protects the ocean.

Impact

Sources : Rocket Reach, CrunchBase, Global Linker, Panublix

Hospitality

Growth Outlook

Facts & Trends

Startups

Growth Outlook - Hospitality

TOURISM

PEOPLE

MArket SIZE

91.03%

372,623

$3.37 Billion

Travel and Hospitality startups in Philippines in 2024.

are Local travelers of the tourism market, followed by foreign travelers at 8.23%, and Overseas Filipino Workers (OFWs) at 0.74%.

workers in 2021 were employed in the accommodation and food service sector.

The Philippine hospitality market is projected to grow from USD 2.75 billion in 2024 to USD 3.37 billion by 2028.

Source: Tracxn

Hotels and Accommodation Market Size in India

Trends and Insights

$3.37 Bn (2028)

"5 Emerging Trends"

"Digitalization"

4.15% CAGR

The rise of digitalization in tourism and hospitality is revolutionizing customer experiences

WATG's research-led advisory team offers insights that drive business and guest experience, key to commercial success.

$2.75 Bn (2024)

Sources :Tracxn, Mordor Intelligence, tourism.gov.ph, psa.gov.ph, Philstar

Industry Facts & Trends- Hospitality

Robust infrastructural Plans

International Players

Increased Sales in the Food and Beverage sector

Increased Local and Foreign Tourists

Ecotourism Destination

The food and beverage industry in the Philippines is rapidly expanding, contributing significantly to the economy. This sector encompasses a wide range of businesses, from small food...

The hospitality market in the Philippines is moderately fragmented, with major international players like Ascott International, Baymont Inn & Suites, Best Western...

The country's tourism industry is also benefiting from its reputation as an ecotourism destination. The top four preferred destinations for domestic travel are Boracay, Baguio...

The rise in visitor arrivals can be attributed to robust infrastructural plans and strong marketing campaigns. The country's top destinations are witnessing a surge...

The Philippines Tourism And Hotel Market size is estimated at USD 2.75 billion in 2024 The Philippines' hospitality and tourism industries are experiencing...

Sources : Mordor Intelligence

Startups

Red Planet Hotels

Booky

Cocotel

Founded in 2010

Founded in 2022

Founded in 2019

Founded in 2014

Founded

A hospitality startup revolutionizing the way hotels operate through technology & sales & marketing expertise.

Hospitality-tech hotel brand and aggregator of getaway destination hotels and resorts. Providing one-stop...

Asia’s largest and fastest-growing hotel company focused on the budget hotel sector. Red Planet Hotels...

Restaurant discovery app in the Philippines.

Products & Services

Urban residents, young professionals, families, and tourists who enjoy exploring and experiencing the vibrant...

Independent Hotels and resorts

Leisure Properties

Budget-conscious and value-conscious travelers

Customers & Users

Revenue: More than 3,000 booking transactions (2024)

Investment: $305K

Investment: $250K

Investment: $70M Revenue: $25.1 million

Revenue & Investment

Digitized leisure properties with over 40+hotels and 900 rooms. The occupancy rate of hotels jumped to as much as 70%.

Has connected millions of diners with restaurants via its search and discovery platform.

With over 75 hotels and resorts in 40 locations in the Philippines.

Served budget consumers and employed about 361 employees.

Impact

Sources : Business World, CrunchBase, Rocket Reach Philstar

Business Services

Growth Outlook

Facts & Trends

Startups

Growth Outlook - Business Services

5.56%

LARGEST MARKET SECTOR IN BPO

PEOPLE

MARKET SIZE

24,349,774

$0.72 Bn

of startups in 2023 are B2B, including Philippine BPO (Business Process Outsourcing) startups, which contribute significantly to the IT and professional services economy.

in 2024. Revenue in the Philippine BPO market is projected to reach USD 0.72 billion in 2024.

30% is held by the Design & Marketing sector, followed by Retail & E-commerce at 14%.

workers in 2021 for the business services sector, making it one of the largest employment contributors in the country.

2024-29 Growth in the Indian Facilities and Management Services Market

Trends and Insights

"Specialized Outsourcing"

"Analytics and Data"

$1.11 Bn (2029)

9.04% CAGR

The BPO landscape, improving efficiency and reducing costs for businesses

Healthcare BPO: Revolutionizing services through specialized outsourcing

$0.72 Bn (2024)

Sources : Gobi Ventures, Statista, KDCI, psa.gov.ph, Philstar

Industry Facts & Trends- Business Services

Emerging Work Setups

Sector Growth Opportunities

Increased Demand for Contact Center Workers

Increasing Offshoring Demand

Automation and gen AI

The Philippines attracts complex contact center services, such as managing complaints and providing solutions in banking and utilities. Workers are considered mid-skilled and less...

Building talent hubs, expanding digital infrastructure, and offering high-value, tech-focused services like AI can drive expansion and meet evolving client needs.

It is becoming increasingly more important that the IT-BPO sector adapts to new technologies as businesses begin to harness automation and generative AI...

New work setups, from remote to office-first, offer benefits like 10-30% higher employee retention, 3-4 hours less commute, 350,000 new talents, and a potential 1.4-1.5 million tons annual...

The industry exceeds targets and leads in employment and services. Global demand for Philippine IT-BPO providers is set to increase due to cost efficiency.

Sources : McKinsey, Mordor Intelligence

Startups

Founded in 2013

Founded in 2018

Founded in 2021

Founded in 2015

Founded

B2B Platform that connects consumer brands and neighborhood stores, more commonly known as "sari-sari stores."

Tech firm that offers a range of products and services to streamline HR processes and improve employee experience.

Offers services like social media management, content marketing, SEO, PPC advertising, email marketing...

Financial management app that focuses on providing purpose-driving solutions for personal and business finances.

Products & Services

Micropreneurs and Individual Filipinos

SMEs, large corporations, government agencies, and educational institutions

Target market includes SMEs, startups, e-commerce businesses, and local businesses.

Neighborhood stores / Sari-sari stores

Customers & Users

Estimated Revenue Range: $1M to $10M Investment: $5.1M

Estimated Revenue Range: $50M to $100M Investment: $18.4 M

Investment: $2.1M Estimated Revenue Range: $1M to $10M

Investment: $200K

Revenue & Investment

Changes in financial behavior were seen as 37% of adults were reported to have saved for emergencies. Helped...

Works towards the financial and business inclusion of sari-sari stores in the formal economy. Reached 130,000...

1,000 corporate clients and 180,000 active users on the platform.

Helped clinets hire staff that made 12%-50% ore revenue and decreased employee turnover by 15%.

Impact

Sources : Asia Tech XSG, CrunchBase

Credits: DTI YouTube Channel

ANTHILL Fabric exemplifies the power women can have to create a sustainable future. ANTHILL Fabric supports cultural preservation and sustainable livelihood through community enterprise building among its partner artisan communities. From circularity and zero waste to women empowerment, ANTHILL Fabric commits itself to several causes.

Credits: Angels of Impact Youtube Channel

Application Development Software - Philippines

by Statista

In the Philippines, the Application Development Software market is anticipated to witness significant growth in the coming years.
It is projected that the revenue in this market will reach a staggering US$240.80m by 2024.
Furthermore, it is expected to display a promising annual growth rate (CAGR 2024-2029) of 9.29%, resulting in a substantial market volume of US$375.40m by 2029...

Credits: Expedock YouTube Channel

The Philippines economy in 2024: Stronger for longer?

by: McKinsey & Company

"The Philippines ended 2023 on a high note, being the fastest growing economy across Southeast Asia with a growth rate of 5.6 percent—just shy of the government's target of 6.0 to 7.0 percent. Should projections hold, the Philippines is expected to, once again, show significant growth in 2024, demonstrating its resilience despite various global economic pressures. The growth in the Philippine economy in 2023 was driven by a resumption in commercial activities, public infrastructure spending, and growth in digital financial services. Most sectors grew, with transportation and storage (13 percent), construction (9 percent), and financial services (9 percent), performing the best. While the country's trade deficit narrowed in 2023, it remains elevated at $52 billion due to slowing global demand and geopolitical uncertainties.4Looking ahead to 2024, the current economic forecast for the Philippines projects a GDP growth of between 5 and 6 percent...."

Philippines Facility Management Market Size & Share Analysis

by Mordor Intelligence

The Philippines Facility Management Market size is estimated at USD 3.88 billion in 2024, and is expected to reach USD 5.26 billion by 2029, growing at a CAGR of 6.31% during the forecast period (2024-2029). The booming facility management market in the Philippines has many different aspects. The industry offers excellent potential for domestic and international investors due to its wide range of applications, solid technology integration, and growing focus on sustainability.

Credits: One News PH YouTube Channel

Doing Business and Investing in the Philippines 2024: Pitching for the future

by PwC Philippines

The demand for skilled healthcare professionals is high. Investing in healthcare education and training institutions, such as nursing schools or medical colleges, can help meet this demand and contribute to the development of the healthcare workforce.

The Philippines economy in 2024: Stronger for longer?

by: McKinsey & Company

Philippines Freight and Logistics Market Size (2024 - 2029)

by Mordor Intelligence

The market size of the Philippines Freight and Logistics sector is projected to witness significant growth due to the surge in e-commerce activities in the country. The pandemic has led to a shift in consumer behavior, with more people opting for online shopping, thereby increasing the demand for logistics services. This trend is expected to continue, boosting the market size further. The warehouse industry, in particular, has seen high demand, driven by the thriving e-commerce business. This has resulted in a decrease in the industrial vacancy rate, indicating the need for more storage and warehouse spaces. The e-commerce sector's contribution to the market size is expected to be significant, with the increased need for cold storage facilities anticipated to support demand for industrial assets. The digital shift, led by e-commerce firms, is expected to improve order status transparency, reduce lead times, and speed up customs clearance processes, further enhancing the market size of the freight and logistics sector.

Credits: Bilyonaryo News Channel YouTube Channel

Credits: Bloomberg Television YouTube Channel

Credits: Sprout HR Tech Youtube Channel

Credits: FarmConnect YouTube Channel

Credits: ANC 24/7 YouTube Channel

Market Size of Real Estate in India

The real estate sector is one of the most globally recognized sectors. It comprises of four sub-sectors - housing, retail, hospitality, and commercial.

Cumulative Housing Demand in Top 8 Cities ('000 units) 2016-20

Credits: MedHyve Marketing Youtube Channel

The Philippines economy in 2024: Stronger for longer?

by: McKinsey & Company

Credits: Sakay.ph YouTube Channel

Credits: Newswatch plus PH youtube Channel

Credits: Solar Philippines Youtube Chanel

Credits: Villgro Philippines Youtube Channel

Philippines Transportation Services Market to 2027

by Research and Markets

Transportation Services in Philippines industry profile provides top-line qualitative and quantitative summary information including: market size (value 2017-22, and forecast to 2027). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.

The transportation services industry comprises the air, marine, rail, and road freight sectors.
The Filipino transportation services industry group had total revenues of $3.4 billion in 2022, representing a compound annual growth rate (CAGR) of 0.6% between 2017 and 2022.
The marine segment accounted for the industry group's largest proportion in 2022, with total revenues of $2.5 billion, equivalent to 72.3% of the industry group's overall value.

Credits: Start Up Podcast YouTube Channel

The Philippines economy in 2024: Stronger for longer?

by Mckinsey & Company

The Philippines ended 2023 on a high note, being the fastest growing economy across Southeast Asia with a growth rate of 5.6 percent—just shy of the government's target of 6.0 to 7.0 percent.[1] Should projections hold, the Philippines is expected to, once again, show significant growth in 2024, demonstrating its resilience despite various global economic pressures (Exhibit 1). [2] The growth in the Philippine economy in 2023 was driven by a resumption in commercial activities, public infrastructure spending, and growth in digital financial services. Most sectors grew, with transportation and storage (13 percent), construction (9 percent), and financial services (9 percent), performing the best (Exhibit 2).[3]

Credits: Lhoopa YouTube Channel

Media in the Philippines

by Statista

"The gradual shift to digital or online media platforms transformed the overall media market in the Philippines. Despite limitations in network infrastructure, Filipinos were among the biggest audience of online or digital media which they access not only for entertainment purposes but also for news consumption. In fact, in 2020, the Philippines was among the top five countries with the highest online media market value. As with other countries globally, print media has slowly lost its relevance in the media market forcing the industry to turn digital. Meanwhile, social media and streaming services became alternative sources of news and entertainment....."

Philippines Learning Management Systems Market Analysis and Forecast, 2023-2028

by Rational Stat

The Philippines learning management systems market was estimated at a market value of US$ 88 million in 2022 and is expected to grow at a significant CAGR of over 6.2% over the forecast period of 2023-2028. The expansion and implementation of learning management systems (LMS) in the Philippines are fueled by a number of important factors. The Philippines' rising e-learning solution need is a significant market driver for LMSs. LMS platforms have been popular because of increased digital devices, internet connectivity, and the demand for flexible and accessible education.

Filipinos increase adoption of online-to-offline dining solutions: Grab 2023 Report

by Grab

The Grab Food & Grocery Trends 2023 report sheds light on the evolving consumer behavior on delivery apps in the post-pandemic era. Among the highlights of the report is the growing dependence of Filipinos on delivery apps to discover restaurants and stores. Consumer food journeys are shifting to a blend of online and offline experiences. Amid the resurgence of dine-in culture, 9 out of 10 consumers surveyed said they prefer food and grocery brands with an integrated online-to-offline (O2O) experience.

Credits: TVUP Youtube Channel

Healthcare BPO Philippines: Revolutionizing the industry

by Philstar

The ascent of the Philippines as a powerhouse in healthcare business process outsourcing (BPO) has captivated the world. This remarkable growth can be attributed to an extraordinary combination of a skilled, English-proficient workforce, competitive labor pricing, and a strong commitment to technological innovation. Several factors have converged to position the country as a global leader in healthcare BPO. The nation is home to a large pool of talented, English-speaking professionals, ensuring smooth communication with international clientele...

Philippines Freight and Logistics Market Size (2024 - 2029)

by Statista

"The Philippines Freight and Logistics Market size is estimated at USD 18.03 billion in 2023, and it is expected to reach USD 25.38 billion by 2028, witnessing a CAGR of 7.08% during the forecast period.

The pandemic increased e-commerce in the nation as cautious consumers stayed home to avoid coming into contact with disease vectors. As more people purchase online and there are more online retailers in the country, this tendency will likely continue. According to the Philippines'....."

Source: Statista

Credits: HiveRooms YouTube Channel

Credits: Startup Podcast PH YouTube Channel

Credits: Tier One Entertainment YouTube Channel

A renewable energy-centric approach for the environment, for the economy, for everyone

by BusinessWorld

That climate change is upon us can no longer be denied. Reports by experts and anecdotal evidence from communities around the world attest to the fact that the planet is warming, and that we are dangerously close to the runaway point where change is irreversible and impossible to slow down. Science has also established that fossil fuels and other “dirty” sources of energy, over centuries of industrialization, have been responsible for the drastic increase of greenhouse gases (GHGs) in the atmosphere.

On the verge of a digital banking revolution in the Philippines

Credits : McKinsey

The Philippines is among the fastest-growing economies in Southeast Asia, yet the wholesale and corporate focus of large traditional banks has left a vast potential customer base underserved. While the introduction of digital technologies has driven gains in financial access in emerging markets and developing economies worldwide, incumbent banks in the Philippines have underinvested in digital offerings. Philippine banks devote less than 10 percent of their revenues to IT, compared with an average of about 15 percent among incumbent banks elsewhere in Asia–Pacific, and digital channels account for just 5 to 15 percent of their revenue, well below the average of 25 percent for their peers in Asian emerging markets.

Credits: uHoo YouTube Channel

Philippines Freight and Logistics Market Size (2024 - 2029)

by Statista

The pandemic increased e-commerce in the nation as cautious consumers stayed home to avoid coming into contact with disease vectors. As more people purchase online and there are more online retailers in the country, this tendency will likely continue. According to the Philippines'....."

Credits: World Economic Forum YouTube Channel

Credits: Pathfinders YouTube Channel

Credits: Senti AI Youtube Channel

Credits: PDAX YouTube Channel

Credits: Ticket2Me YouTube Channel

Dateline Philippines: Altmobility PH Director Ira Cruz shares his thoughts on the call to regulate e-vehicles amid the reported danger to motorists and pedestrians.

Credits: ANC 24/7 YouTube Channel

Credits: Exhibits Today YouTube Channel

Credits: Mylo Speech Buddy YouTube Channel

The Philippines economy in 2024: Stronger for longer?

by: McKinsey & Company

Credits: Zylica Technologies Inc. YouTube Channel

Credits: Jacinto & Lirio YouTube Channel

The Philippines economy in 2024: Stronger for longer?

by Mckinsey & Company

Online shopping has become entrenched in Filipino consumers, as they find that they get access to a wider range of products, can compare prices more easily, and can shop with more convenience. For example, a McKinsey Philippines consumer sentiment survey in 2023 found that 80 percent of respondents, on average, use online and omnichannel to purchase footwear, toys, baby supplies, apparel, and accessories. To capture the opportunity that this shift in Filipino consumer preferences brings and to unlock growth in this sector, retail organizations could turn to omnichannel strategies to seamlessly integrate online and offline channels.

Credits: Tonik YouTube Channel

Digitalizing the Philippines’ logistics sector

by DHL

The Philippines is an emerging economy that is rapidly developing, and investing in digitalizing its logistics sector is a vital step needed to continue this progress. Logistics play a key role in connecting businesses, consumers and suppliers all throughout the country, making it an integral part of the national economy from transportation to marketplace design. Read More....

Philippines ICT Market Size

by Mordor Intelligence

"The Philippine ICT market is experiencing significant growth, driven by increased investment in hardware and software services. This expansion encompasses both the IT and Telecom sectors, with a notable rise in IT hiring activity indicating a robust demand. Key global players are facilitating market entry for startups, fostering innovation and development in technology solutions. Despite challenges such as rising cyberattacks, advancements in IT operations and the adoption of cloud-based platforms are enhancing business value and remote access capabilities. "

Philippines Learning Management Systems Market is expected to reach US$ 142 million by 2030, registering a CAGR of over 6.2%.

by Rational Stat

Technological advancements have resulted in more user-friendly and feature-rich LMS platforms. This has made it easier for schools, institutions, and corporations to embrace and successfully utilize these tools. The global expansion of the educational technology (EdTech) business has also had an impact on the Philippines market. LMS is an important part of this industry's services. The Philippines government and educational institutions have been pushing e-learning projects in order to increase access to high-quality education, particularly in remote and underprivileged areas. LMS platforms are critical to making this vision a reality.

The Philippines economy in 2024: Stronger for longer?

by McKinsey

Credits: CNBC Youtube Channel

Credits: YSI SEA YouTube Channel

We are in the midst of the 4th industrial revolution, yet the Philippine education system still reflects that of the first. This video explores key future trends in education and the necessary changes in both content and methods of teaching.

Credits: Bernard Marr Youtube Channel

Philippines Freight and Logistics Market Size (2024 - 2029)

by Mordor Intelligence

Credits: Magwai YouTube Channel

Credits: Accelerating Asia YouTube channel

Application Development Software - Philippines

by Statista

In the Philippines, the Application Development Software market is anticipated to witness significant growth in the coming years.
It is projected that the revenue in this market will reach a staggering US$240.80m by 2024.
Furthermore, it is expected to display a promising annual growth rate (CAGR 2024-2029) of 9.29%, resulting in a substantial market volume of US$375.40m by 2029...

Philippines' water and sanitation crisis

by water.org

Out of its population of 115 million people, 60 million people (52% of the population) lack access to safe water and 43 million people (37%) lack access to a safe toilet. Despite its growing economy, the Philippines faces significant challenges in terms of water and sanitation access. The country is rapidly urbanizing, and its growing cities struggle to provide new residents with adequate water and sanitation services. In 2010, the government of the Philippines developed a road map to achieve universal water and sanitation services coverage by 2028. Water.org is working to support this goal...

Philippines Facility Management Market Size & Share Analysis

by Mordor Intelligence

The Philippines economy in 2024: Stronger for longer?

by: McKinsey & Company

The Philippines economy in 2024: Stronger for longer?

by: McKinsey & Company

Credits: Kumu YouTube Channel

5 emerging Asia Pacific hospitality trends

by Philstar

There is a growing prominence of luxury fashion and lifestyle brands within the hospitality space as they seek to capture growth in the ‘experience’ economy by aligning their brands with aspirational High-Net-Worth Individuals’ (HNWIs) recreation and way of life. Some examples include the emergence of pop-up beach clubs like Fendi Puente Romano and Dior Bali, exclusive suites within famed hotels such as the Bentley Suite and Dior Suite at St Regis NYC, entire luxury hotels like Bulgari, Armani, and Baccarat, and the proliferation of branded residences by such brands.

Credits: Podcast Network Asia YouTube Channel

Skills Development in IT-BPM Sector: Learning new languages and big data analytics

by BusinessWorld

"In the Philippine IT-BPM Sector Roadmap 2022 (there has since been a new roadmap prepared for the duration of the Marcos Jr. Administration), there was already an advisory that the rapidly changing technological trends faced by the sector will result in two opposing forces upon the growth potential and services mix for the information technology and business process management (IT-BPM) industry in the coming years......"

Credits: ANC 24/7 YouTube Channel

Source: Statista

Credits: ANC 24/7 YouTube Channel

Credits: Bloomberg Television YouTube Channel

Source: Grab

Credits: ANC 24/7 YouTube Channel

Credits: ABS-CBN News YouTube Channel

Credits: IOT Philippines Inc. YouTube Channel

Philippines Tourism And Hotel Market Size (2024 - 2029)

by Mordor Intelligence

"The market size of the hospitality industry in the Philippines is poised for growth, driven by the robust tourism sector that significantly contributes to the national economy. The hotel industry plays a crucial role in supporting this growth, with increasing demand for accommodations from both domestic and international travelers, particularly in popular destinations like Boracay, Baguio, Palawan, and Siargao. The expansion of the travel industry, supported by strategic infrastructural developments and effective marketing campaigns, has led to a surge in visitor arrivals...."

Key trends in the automotive space for 2024

by BusinessWorld

In a country with a deep-rooted love for automobiles, the local auto industry is always changing, and it’s embarking on a transformative journey that is driven by growth, innovation, and modernization. To continuously reshape mobility, auto firms and professional services highlight trends that will cater to market needs, consumer preferences, and advancement in technology. These are a few key trends to watch out for...

Credits: ANC 24/7 YouTube Channel

Credits: Cloudswyft Youtube Channel

Application Development Software - Philippines

by Statista

In the Philippines, the Application Development Software market is anticipated to witness significant growth in the coming years.
It is projected that the revenue in this market will reach a staggering US$240.80m by 2024.
Furthermore, it is expected to display a promising annual growth rate (CAGR 2024-2029) of 9.29%, resulting in a substantial market volume of US$375.40m by 2029...

Department of Agriculture 2023 Annual Report

by Department of Agriculture

Philippine agriculture expanded by 1.2 percent year-on-year driven by higher poultry and livestock production, increased fruit harvest, and record-high rice output. However, the performance of the agri-fishery sector was tempered by the contraction in the fisheries subsector due to the occurence of weather disturbances and elevated costs of production inputs.The crops subsector, which contributed 51.8 percent to the total agricultural gross value added (GVA) registered a 1.1 percent growth in 2023 bannered by the expansion in the production of staple crops-palay and corn-as well as high-value crops such as coconut, banana, mango, pineapple, coffee, cacao, abaca, and tobacco.

The Water Crisis: The Philippines

by Wateroam

"Since 2000, 1.8 billion people have gained access to basic drinking water services. This is a tremendous accomplishment made possible by the collaboration of organisations all over the world to highlight inequalities and raise awareness about vulnerable groups who are dangerously susceptible to water-related illnesses. Despite the immense efforts to make an impact, 1 in 3 people across the globe still do not have safely managed drinking water. ..." Read More..

Budding grounds for Philippine real estate’s growth

By Angela Kiara S. Brillantes

Real estate is seen as one of the major drivers of the Philippine economy. Global data and business intelligence platform Statista bases this on the gross value added generated by the industry, which amounted to P536 billion from 2020 to 2022. Such share can be sustained, or even boosted, as big opportunities are seen for the industry this year.

As global management consulting firm McKinsey & Company shared on its website last March, “real estate is likely to experience continued recovery which is supported by emerging industries and easing restrictions.”

Business World Report

Philippines Learning Management Systems Market is expected to reach US$ 142 million by 2030, registering a CAGR of over 6.2%.

by Rational Stat

Credits: OrangeApps PH Official YouTube Channel

Credits: Cleo Loque YouTube Channel

Real estate’s budding prospects for growth

by: BusinessWorld

"2023 has been a progressive year for the Philippine real estate sector, as it started the year on a positive note and has worked its way in sustaining its performance. As Colliers Philippines Research Director Joey Roi Bondoc previously wrote in a BusinessWorld column, in spite of the challenges in reaching the growth target of more than 6% this year, Philippine real estate is expected to have a “solid finish” towards the end-2023 as opportunities still remain for selected property segment. These include, among others, the expansion of resort or leisure-themed projects in the residential segment; holiday-induced spending in retail; and the potential of the Philippines...." Read More...

Credits: Liter of Light Philippines Official YouTube Channel

The Philippines economy in 2024: Stronger for longer?

by: McKinsey & Company

Credits: ABS-CBN News YouTube Channel

Credits: Fintech Fireside Asia Youtube Channel

Credits: Panublix YouTube Channel

Credits: Air Asia Foundation YouTube Channel

Credits: ANC 24/7 YouTube Channel

Collections from designers like Anthony Cruz Legarda, BAYO, Creative Definitions, Maison Métisse, Pablo Cabahug, and Ann Casas featured natural textiles and dyes and Philippine weaves on the runway.

Credits: DOST STII YouTube Channel

Apparel market in the Philippines

by Statista

Revenue in the Apparel market in the Philippines is projected to reach a staggering US$5.17bn in 2024.
This market is anticipated to experience a steady annual growth rate of 2.60% from 2024 to 2028 (CAGR 2024-2028).
The largest segment within the Apparel market is Women's Apparel, which is expected to have a market volume of US$2.37bn in 2024.
On average, each person in the Philippines is expected to contribute 2.6pieces units to the Apparel market in 2024.

Media in the Philippines

by Statista

Credits: Bloomberg TV Philippines YouTube Channel

Application Development Software - Philippines

by Statista

In the Philippines, the Application Development Software market is anticipated to witness significant growth in the coming years.
It is projected that the revenue in this market will reach a staggering US$240.80m by 2024.
Furthermore, it is expected to display a promising annual growth rate (CAGR 2024-2029) of 9.29%, resulting in a substantial market volume of US$375.40m by 2029...

Philippines Freight and Logistics Market Size (2024 - 2029)

by Statista

The pandemic increased e-commerce in the nation as cautious consumers stayed home to avoid coming into contact with disease vectors. As more people purchase online and there are more online retailers in the country, this tendency will likely continue. According to the Philippines'....."

Philippines Facility Management Market Size & Share Analysis

by Mordor Intelligence

Software - Philippines

by Statista

The Software market in the Philippines is expected to reach a projected revenue of US$933.00m in 2024.
Among the various segments, Enterprise Software is set to dominate the market with a projected market volume of US$391.10m in the same year.
Looking ahead, the market is anticipated to witness a steady annual growth rate (CAGR 2024-2029) of 8.25%, resulting in a market volume of US$1,387.00m by 2029....

Credits: YugaTech YouTube Channel

Philippines Logistics and Warehousing Market and Forecast

by Makreo

"The logistics market in the Philippines is experiencing significant growth and presents numerous opportunities. With a population of over 100 million people, rapid urbanization, and a strategic location in Southeast Asia, the country is an attractive market for logistics services. The government has been investing in infrastructure projects to improve transportation networks, including roads, ports, and airports. These developments aim to enhance logistics efficiency and facilitate the movement of goods......"

How to revolutionize PH healthcare industry

Source: ANC News

Biotech Facts & Trends: Philippines

by ISAAA

The Philippines was the first country in Southeast Asia to plant biotech corn in 2003 after its approval for commercial planting in 2002.
630,000 hectares biotech corn planted in the Philippines in 2018
470,500 Filipino farmers & their families benefited from biotech corn in 2018
13th biggest producer of biotech/GM crops in the world in 2018...

Credits: ANC 24/7 YouTube Channel

Philippines Freight and Logistics Market Size (2024 - 2029)

by Statista

The pandemic increased e-commerce in the nation as cautious consumers stayed home to avoid coming into contact with disease vectors. As more people purchase online and there are more online retailers in the country, this tendency will likely continue. According to the Philippines'....."

E-Learning Trends Transforming the Landscape of Philippine Education

by Asia Education Review

In the evolving landscape of Philippine education, a transformative wave is sweeping through, propelled by the fusion of technology and learning. The nation's educational framework, with English as the primary medium and bilingual instruction, was introduced in 1974 under Ferdinand Marcos. The establishment of the Technical Education and Skills Development Authority (TESDA) in 1994 underscored a governmental pivot towards vocational education. Amidst these structural shifts, e-learning has emerged as a pivotal force, reshaping traditional boundaries and fostering a digital revolution.

Credit: Lifetrack Medical Systems YouTube Channel

Philippines Learning Management Systems Market Analysis and Forecast, 2023-2028

by Rational Stat

Semiconductors - Philippines

by Statista

"The Semiconductors market in Philippines has been experiencing steady growth in recent years. Customer preferences: Customers in the Philippines have shown a strong preference for electronic devices and gadgets, which has contributed to the growth of the Semiconductors market. The demand for smartphones, tablets, and other consumer electronics has been on the rise, leading to an increased need for semiconductors. Additionally, the growing popularity of Internet of Things (IoT) devices has further fueled the demand for semiconductors in the country..."

The Philippines economy in 2024: Stronger for longer?

by: McKinsey & Company

Credits: Kita Agritech YouTube Channel

Philippines Facility Management Market Size & Share Analysis

by Mordor Intelligence

Application Development Software - Philippines

by Statista

In the Philippines, the Application Development Software market is anticipated to witness significant growth in the coming years.
It is projected that the revenue in this market will reach a staggering US$240.80m by 2024.
Furthermore, it is expected to display a promising annual growth rate (CAGR 2024-2029) of 9.29%, resulting in a substantial market volume of US$375.40m by 2029...

Credits: Data Ethics Ph YouTube Channel

There’s much more room for growth in the Philippine health-care sector: Health-care company

Source: CNBC International News

Sustainable Fashion: How Philippine brands are leading the change

by BusinessWorld

Sustainable fashion involves adopting practices that reduce the environmental impact and promote ethical standards throughout the lifecycle of clothing. From sourcing materials to production processes and consumer habits, some key practices are currently driving the movement towards a more sustainable fashion industry.

The Philippine fashion industry has also started to become more sustainable — a transformation that is largely driven by a combination of cultural heritage, innovative design, and growing consumer demand for re-sponsible fashion.

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Transcript

Industry Case Study – Part 1

Objective: To understand and explore an industry that interests and excites you

Learning TOOL

out of 1,100 startups in the Philippines in 2024 are under the health sector

READ: The Philippine Startup Ecosystem Report

Innovation Trends

Digitization& Access

Policies & Initiatives

Education & Training Investment

Pharmaeutical & Biotech Companies

Cost-Efficiency

foodtech startups

in the Philippines in 2024

Tracxn's report on Top 10 Food Startups in the PH

Innovation Trends

Healthy and convenient food options

New technologies in food production, processing, and packaging

Strong export markets for PH agricultural products

Increased average volume per person in the Food Market

Online & offline customer food journeys

out of 1,100 startups in the Philippines in 2024 are under the clothing sector

Data Source: Gobi Core Philippine Fund

READ: The Philippine Startup Ecosystem Report

Innovation Trends

Online and Offline Sales Channels

Emerging Consumer Preferences

Smart Textiles

Online Shopping

Market Potential

of startups in 2021 are under the Philippine Real Estate Industry

Philippine Start-up Ecosystem

Philippines Construction Market

Innovation Trends

Overseas Filipino Investors

Digitization to Meet Market Demands

Embracing Sustainability

Promising Real Estate Investments

Mixed-use Properties

of total startups in 2023 are under the climate domain, focusing on renewable energy and climate-related solutions.

Source: Gobi Core Funds

Philippines Renewable Energy Market

Innovation Trends

Digital Infrastructure

Energy Security

Combination of Gas & Renewables

Upgrading of Power Grids

Removal of Foreign Ownership Limits

Road Transport Tech startups in the Philippines in 2024

Tracxn's report on Road Transport Tech in the PH

Innovation Trends

Growth in GDP and Business Confidence

E-commerce Firms and Tech-Driven Logistics

Rise of Ride-Hailing Services

No-contact Transactions

Convenience & Affordability

of startups in 2023 are in the finance or fintech sector of the Philippines, including six licensed digital banks like Union Digital Bank and Maya.

Source: Philippines Start-up Ecosystem Report

FinTech Industry

Innovation Trends

Decline in Interest Rates

Cyber Security & Fraud Risks

Financial Inclusions

Digital Adoption