Citing research firm Statista, Azul Systems Inc vice president for Asia Pacific Dean Vaughan told reporters in a recent press briefing that the Philippine cloud market is expected to grow beyond $1 billion this year and reach almost $2.28 billion in 2028. “Being a cloud-first country, the Philippines is big on data centers and the growth of the gig economy in the Philippines is going to boost it further,” Vaughan told reporters in a press briefing held in Pasig City.
Sellers assured that Azul can provide the best-of-both worlds technologies because it provides agility and cost reduction, and help if not narrow the gap. With its chief rival Oracle Corp. implementing a hefty price increase in cloud computing operations, Sellers emphasized that Azul could grab a bigger share both in the local and foreign markets.
“Digital transformation, the growing dependence on cloud-based services, and the expansion of the digital economy have been driving the market’s growth, and the pandemic has further accelerated the urgency for resilient digital infrastructure,” Howard Kung, country general manager of Eaton Phoenixtec MMPL, Co. Ltd. told reporters in a recent press briefing in Mandaluyong City.