IOT market in PHL projected to grow 20%, to hit P160.4 billion

Quick Summary:

THE Internet of Things (IoT) industry in the Philippines is poised for exponential growth, with both the Department of Information and Communications Technology (DICT) and private sector players such as Packetworx and Converge ICT Solutions championing IoT adoption across industries.

The IoT National Strategy for Policy and Industry Roadmap and Ecosystem Development (INSPIRED) initiative serves as the DICT’s blueprint to accelerate IoT adoption.

The Digital Cities Program, which promotes smart city development outside Metro Manila, also plays a key role, according to Delfin.

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Article Details

Author / Journalist: Lorenz S. Marasigan

Category: BusinessStartups

Markets: Philippines

Topics: Dict’s Dict Digital Solutions Industry Delfin Development Technology Converge Packetworx Philippines

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-29 @ 16:08:00 (2 days ago)

News Timezone: GMT +8:00

News Source URL: businessmirror.com.ph

Language: English

Article Length: 791 words

Reading Time: 5 minutes read

Sentences: 27 lines

Sentence Length: 30 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Mirror

News ID: 23329188

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About Business Mirror

Main Topics: BusinessStartups

Official Website: businessmirror.com.ph

Update Frequency: 11 posts per day

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Headquarters: Philippines

News Last Updated: 11 hours ago

Coverage Areas: Philippines

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