Top Fast Growing Tech Companies in Philippines

The technology sector in the Philippines has been experiencing rapid growth in recent years, with several companies emerging as leaders in their respective fields. This article will explore the key statistics, factors contributing to their success, and the challenges faced by the fastest-growing tech companies in the Philippines. It will also discuss key trends and future outlook for this burgeoning sector.

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CompanyHeadcountContactDescriptionDecision Maker
LAZADA19,893 +65 6282 6772

About Lazada Group Founded in 2012, Lazada Group is the leading eCommerce platform in Southeast Asia. We are accelerating progress in Indonesia, Malaysia, the Philippines, Singapore, Thailand and Vietnam through commerce and technology. With the largest logistics and payments networks in the region, Lazada is a part of our consumers’ daily lives in the region and we aim to serve 300 million shoppers by 2030. Since 2016, Lazada is the Southeast Asia flagship platform of the Alibaba Group powered by its cutting-edge technology infrastructure.

TIKET.COM1,775 +62 804 150 0878

As we are striving to be the most loved Online Travel Agent (OTA) & lifestyle app, we invest in continuous innovation to simplify and revolutionize tourism using the technology that we build for more than 17 million of our growing users globally. We are the go-to online marketplace for product and services that covers flight, hotel, car rental, event and attractions, train, and airport transfer bookings. In 2019, we were announced as the fastest growing Online Travel Agent (OTA) in the world by SABRE. Globally, we are currently partnering with 85 airlines, more than 2.7 million hotel inventories (including 400+ exclusives across Hotels, Villas & Apartments), and more than 10,000 things to do (attractions, tours, etc) and events.Mau ke mana? Semua ada tiketnya!

ORION HEALTH751 +64 9 638 0600

At Orion Health our vision is to improve the healthcare experience for all.We are leading the change in digital health with health and care organizations to improve the wellbeing of every individual with our world leading Unified Healthcare Platform. Made up of a Digital Front Door, Digital Care Record, and Intelligence Platform - each underpinned by extensive health and social data sets, machine learning, and 30 years of innovation focused purely on improving global well-being. For more information visit www.orionhealth.com.

SAP107,829 +65 1800 225 5727

At SAP, our purpose is to help the world run better and improve people’s lives. Our promise is to innovate to help our customers run at their best. SAP is committed to helping every customer become a best-run business. We engineer solutions to fuel innovation, foster equality, and spread opportunity across borders and cultures. Together, with our customers and partners, we can transform industries, grow economies, lift up societies, and sustain our environment. #TheBestRunSAP privacy statement for followers: www.sap.com/sps

AUTODESK13,791 +65 8610 8565

Autodesk is changing how the world is designed and made. Our technology spans architecture, engineering, construction, product design, manufacturing, media, and entertainment, empowering innovators everywhere to solve challenges big and small. From greener buildings to smarter products to more mesmerizing blockbusters, Autodesk software helps our customers to design and make a better world for all. Over 100 million people use Autodesk software like AutoCAD, Revit, Maya, 3ds Max, Fusion 360, SketchBook, and more to unlock their creativity and solve important design, business and environmental challenges. Our software runs on both personal computers and mobile devices and taps the infinite computing power of the cloud to help teams around the world collaborate, design, simulate and fabricate their ideas in 3D. We provide exceptional compensation/benefit packages and we’d love for you to join us. We’re proud to be an equal opportunity employer and we consider all qualified applicants without regard to race, gender, disability, veteran status or other protected category. To see our culture in action, check out #AutodeskLife.We are headquartered in the San Francisco Bay Area and have more than 10,000 employees worldwide.

ELMO SOFTWARE522 +61 1300 884 510

Founded in 2002, ELMO Software is a leading provider of cloud, HR, payroll and expense management solutions across Australia, New Zealand and the United Kingdom. ELMO offers a convergent solution, providing medium and small business an all-in-one platform to manage people, process and pay.ELMO provides innovative technology to help organisations manage, engage, and inspire their employees in real-time and from any device. Born in the cloud, the business operates on a robust SaaS cloud solution.ELMO’s leading cloud solution is fit for purpose for each market segment to reduce administrative burden and enhance the employee experience across the following key HR functions:- Payroll (Expenses, Rostering / Time & Attendance)- HR Core (Survey, Wellbeing, Analytics)- Recruitment- Onboarding- Performance Management (Rewards and Recognition, Succession, Remuneration)- Learning Management (Course Builder, Course Library, Video Library)Spanning the entire employee lifecycle from ‘hire to retire’, each of the ELMO modules can be used together or stand-alone to automate and streamline operations to reduce costs, increase efficiency and bolster productivity. Our solution helps organisations overcome HR challenges - including capacity management and planning via powerful, data-driven dashboards.

GRAB43,721 +65 6655 0005

Grab is Southeast Asia’s leading superapp, offering a suite of services consisting of deliveries, mobility, financial services, enterprise and others. Grabbers come from all over the world, and we are united by a common mission: to drive Southeast Asia forward by creating economic empowerment for everyone.At Grab, every Grabber is guided by The Grab Way, which explains our mission and the operating principles on how we can achieve it together. We call these principles the 4Hs: HeartWe work together as OneGrab to serve communities in Southeast AsiaHungerWe work to understand ground truths and drive improvements, big and smallHonourWe keep our word and steward our resources wisely to build and sustain trustHumilityWe are a constant work-in-progress, and we never stop learning to get better

NIELSEN28,517 +65 6672 6600

Nielsen shapes the world’s media and content as a global leader in audience insights, data and analytics. Through our understanding of people and their behaviors across all channels and platforms, we empower our clients with independent and actionable intelligence so they can connect and engage with their audiences—now and into the future.Nielsen operates around the world in more than 55 countries. Learn more at http://nlsn.co/6006JMfty and connect with us on social media (LinkedIn, Twitter, Facebook and Instagram).

RED HAT20,052 +65 6490 4200

Red Hat is the world’s leading provider of enterprise open source solutions, using a community-powered approach to deliver high-performing Linux, hybrid cloud, edge, and Kubernetes technologies.We hire creative, passionate people who are ready to contribute their ideas, help solve complex problems, and make an impact. Opportunities are open. Join us.

TRIMBLE INC.9,137 +65 6871 5878

Trimble is transforming the way the world works by delivering products and services that connect the physical and digital worlds. Core technologies in positioning, modeling, connectivity and data analytics enable customers to improve productivity, quality, safety and sustainability. From purpose-built products to enterprise lifecycle solutions, Trimble software, hardware and services are transforming industries such as agriculture, construction, geospatial and transportation. For more information about Trimble (NASDAQ:TRMB), visit: www.trimble.com.Trimble products are used in over 141 countries around the world. Employees in more than 30 countries, coupled with a highly capable network of dealers and distribution partners serve and support customers worldwide. As the market leader in most of our businesses, we offer a compelling value proposition to our customers based on productivity, return on investment and environmental stewardship. Come position yourself with an innovative industry leader and position yourself for success.Career opportunities here: http://fb.trmb.co/jobslkd Follow us on Twitter: https://twitter.com/TrimbleCorpNewsJoin us on Facebook:www.facebook.com/trimblecorporateSee us on YouTube: https://www.youtube.com/channel/UCD5r7hBRwI6NFc4izfm-ocg

UBER90,703 +65 6760 0989

We are Uber. The go-getters. The kind of people who are relentless about our mission to help people go anywhere and get anything and earn their way. Movement is what we power. It’s our lifeblood. It runs through our veins. It’s what gets us out of bed each morning. It pushes us to constantly reimagine how we can move better. For you. For all the places you want to go. For all the things you want to get. For all the ways you want to earn. Across the entire world. In real time. At the incredible speed of now.The idea for Uber was born on a snowy night in Paris in 2008, and ever since then our DNA of reimagination and reinvention carries on. We’ve grown into a global platform powering flexible earnings and the movement of people and things in ever expanding ways. We’ve gone from connecting rides on 4 wheels to 2 wheels to 18-wheel freight deliveries. From takeout meals to daily essentials to prescription drugs to just about anything you need at any time and earning your way. From drivers with background checks to real-time verification, safety is a top priority every single day. At Uber, the pursuit of reimagination is never finished, never stops, and is always just beginning.

TRAVELOKA3,172 +65 6911 8138

We don’t innovate for the sake of innovation, we utilize technology to simplify people’s lives so they can enjoy their lives better. That belief is what brought Traveloka to be the leading travel platform in Southeast Asia. Traveloka serves 20+ products that include comprehensive travel services. From transportations to accommodations, discovering nearby attractions, and insurance products to financial services, including the groundbreaking ‘Buy Now Pay Later’.With 100+ millions downloads in six countries across the SEA region, we aim to keep exploring for better innovations — all to fulfill our users’ travel aspirations so they can enjoy their lives, their way.

WORKDAY19,580 +65 6800 0600

Workday is a leading provider of enterprise cloud applications for finance and human resources, helping customers adapt and thrive in a changing world. Workday applications for financial management, human resources, planning, spend management, and analytics are built with artificial intelligence and machine learning at the core to help organizations around the world embrace the future of work. Workday is used by more than 10,000 organizations around the world and across industries – from medium-sized businesses to more than 50% of the Fortune 500.

ZALORA GROUP2,723 +65 3157 5555

ZALORA is Asia’s leading online fashion, beauty and lifestyle destination, part of Global Fashion Group. As one of the region’s pioneer large scale e-commerce platforms, ZALORA has established a strong presence throughout the region, particularly in Singapore, Indonesia, Malaysia, Brunei, the Philippines, Hong Kong, and in Taiwan, enjoying over 50 million monthly visits. With an extensive collection of top international and local brands, ZALORA is a curated platform, featuring all the things shoppers love in one place. Customers can discover authentic products from over 3000 brands across categories, from apparel, shoes, accessories, beauty, pre-loved, and lifestyle, including essentials and home & living products.As a customer-first brand, ZALORA is powered by a team of committed innovators, providing a seamless shopping experience across mobile, tablet, and desktop. With a broad network of logistical service, ZALORA is known for speedy and reliable deliveries, as well as offering multiple payment methods, including cash-on-delivery across its markets. ZALORA provides up to 30-day free returns and free delivery after a certain spend. ZALORA continues to delight shoppers with their unlimited next-day delivery subscription, ZNow, and give customers more value with ZALORA’s signature Cashback programme. ZALORA also made it easier for shoppers to buy products based on their style inspiration with ZALORA’s visual search function, Complete the Look and Get the Look feature!ZALORA prides itself to be an industry enabler through innovations like our data analytics platform, TRENDER, that provides brand partners valuable insights and 1SS (One-stock solution) a modular multi-channel e-commerce fulfillment service, allowing brand partners to consolidate their stocks in ZALORA’s e-fulfillment centres.Putting the customers and brand partners at the centre of our innovation, ZALORA is the online destination that connects everyone to the limitless world of e-commerce.

ZENDESK6,209 +65 6471 1019

Zendesk started the customer experience revolution in 2007 by enabling any business around the world to take their customer service online. Today, Zendesk is the champion of great service everywhere for everyone, and powers billions of conversations, connecting more than 100,000 brands with hundreds of millions of customers over telephony, chat, email, messaging, social channels, communities, review sites and help centers. Zendesk products are built with love to be loved. The company was conceived in Copenhagen, Denmark, built and grown in California, taken public in New York City, and today employs more than 4,000 people across the world.

SALESFORCE71,802 +65 6302 5700

👋 We’re Salesforce, the Customer Company.AI + Data + CRM = Customer Magic. ✨ Privacy Statement: http://www.salesforce.com/company/privacy/

GOOGLE280,364 +65 6521 8000

A problem isnt truly solved until its solved for all. Googlers build products that help create opportunities for everyone, whether down the street or across the globe. Bring your insight, imagination and a healthy disregard for the impossible. Bring everything that makes you unique. Together, we can build for everyone.Check out our career opportunities at careers.google.com.

SHOPBACK1,057 +65 9023 8418

ShopBack: For the winsThe ShopBack Group is Asia-Pacific’s leading shopping, rewards, and payments platform, serving over 38 million shoppers across ten markets.ShopBack was founded in 2014 and today, ShopBackers across the region continue to win over shoppers by constantly upping their game - be it rewards or meaningful experiences - such that shoppers can achieve a personal victory every time they use ShopBack.The Group powers over US$3.7 billion in annual sales for over 15,000 online and in-store merchant partners. In 2022, ShopBack launched ShopBack Pay and PayLater, extending the platforms offerings into financial services, providing shoppers responsible and convenient payment options at checkout.

CISCO99,533 +62 800 446237

Cisco (NASDAQ: CSCO) enables people to make powerful connections--whether in business, education, philanthropy, or creativity. Cisco hardware, software, and service offerings are used to create the Internet solutions that make networks possible--providing easy access to information anywhere, at any time. Cisco was founded in 1984 by a small group of computer scientists from Stanford University. Since the companys inception, Cisco engineers have been leaders in the development of Internet Protocol (IP)-based networking technologies. Today, with more than 71,000 employees worldwide, this tradition of innovation continues with industry-leading products and solutions in the companys core development areas of routing and switching, as well as in advanced technologies such as home networking, IP telephony, optical networking, security, storage area networking, and wireless technology. In addition to its products, Cisco provides a broad range of service offerings, including technical support and advanced services. Cisco sells its products and services, both directly through its own sales force as well as through its channel partners, to large enterprises, commercial businesses, service providers, and consumers.

INFOR19,544 +65 6594 7100

As a global leader in business cloud software specialized by industry. Infor develops complete solutions for its focus industries, including industrial manufacturing, distribution, healthcare, food & beverage, automotive, aerospace & defense, hospitality, and high tech. Infor’s mission-critical enterprise applications and services are designed to deliver sustainable operational advantages with security and faster time to value. Over 60,000 organizations in more than 175 countries rely on Infor’s 17,500 employees to help them achieve their business goals. To learn more, please visit www.infor.com. or check out all of our channels on https://linktr.ee/infor_erpInfor est un éditeur international qui propose des solutions logicielles pour gérer chaque aspect dune entreprise. Dédié à des secteurs dactivité spécifiques, Infor offre des suites complètes dans le cloud et déploie une technologie efficace qui privilégie lexpérience utilisateur, exploite la science des données et sintègre aisément aux systèmes existants. De la production à la santé et au commerce, nous couvrons tous les secteurs dactivité et avons des solutions ERP complètes soutenues par lintelligence artificielle. Plus de 60 000 entreprises dans plus de 175 pays font déjà confiance à Infor et a ses 17 500 employés pour les aider à atteindre leurs objectifs commerciaux. Pour en savoir plus, rendez-vous sur https://www.infor.com/fr-fr.

Top Fast Growing Tech Companies in Philippines

Key Statistics from 2022

As of 2022, the tech industry in the Philippines has witnessed significant growth, contributing to the country's GDP and employment. The sector accounted for an estimated 6% of the total GDP and employed over 800,000 people. The industry experienced a remarkable 15% annual growth rate in the past five years, outpacing the overall economic growth of the country.

Factors Contributing to Growth and Success

Government Initiatives:

The Philippine government has played a crucial role in fostering the growth of the tech sector through various initiatives, such as tax incentives, streamlined business registration processes, and investments in infrastructure. The Department of Information and Communications Technology (DICT) has also launched several programs aimed at developing the local talent pool and promoting innovation and entrepreneurship.

Increasing Internet Penetration and Smartphone Usage:

The widespread adoption of smartphones and growing internet penetration in the Philippines have created a vast market for tech companies to tap into. This has fueled the growth of various sectors, including e-commerce, fintech, and digital services.

Access to Capital:

The availability of venture capital and angel investments has been instrumental in supporting the growth of tech companies in the Philippines. As the startup ecosystem matures, more investors are showing interest in backing local tech ventures, providing them with the financial resources needed to scale and expand their operations.

Skilled Workforce:

The Philippines is home to a highly skilled and English-proficient workforce, making it an attractive destination for tech companies. This pool of talent has been crucial in driving innovation and fostering the growth of the tech sector.

Industry Growth and Comparison to Previous Years

The growth of the tech industry in the Philippines has been remarkable, with several companies experiencing exponential growth in recent years. Some of the fastest-growing tech companies include:

Voyager Innovations:

A digital technology company that focuses on fintech and digital services, Voyager Innovations has witnessed impressive growth over the past few years, attracting significant investments from global investors.

Kumu:

A social media and livestreaming platform, Kumu has quickly gained popularity among Filipinos, achieving a valuation of over $100 million in just a few years.

CloudSwyft:

A leading provider of cloud-based learning solutions, CloudSwyft has experienced rapid growth in the education technology space, partnering with top universities and institutions in the Philippines.

Key Trends

Artificial Intelligence and Machine Learning:

The adoption of AI and machine learning technologies has been a significant trend in the Philippine tech sector, with companies leveraging these technologies to improve their products and services.

Digital Transformation:

As businesses across various sectors in the Philippines continue to embrace digital transformation, tech companies offering digital solutions are witnessing increased demand for their services.

Cybersecurity:

With the growing reliance on digital technologies, the need for robust cybersecurity solutions has also increased, resulting in a surge in demand for cybersecurity products and services.

Challenges

While the tech sector in the Philippines is experiencing rapid growth, it also faces several challenges, including:

Limited Access to Capital:

Despite the growing interest from investors, access to capital remains a challenge for many tech startups in the Philippines. There is a need for more investment options, such as venture capital funds and angel investor networks, to support the growth of the sector.

Infrastructure Constraints:

While the government has been investing in infrastructure development, there is still room for improvement in areas such as internet connectivity and power supply, which are critical for the growth of the tech sector.

Regulatory Environment:

The regulatory environment in the Philippines can sometimes pose challenges for tech companies, particularly in areas like data privacy and fintech. Streamlining regulations and ensuring a more conducive environment for innovation is essential to sustain the growth of the sector.

Talent Retention:

The Philippines has a skilled workforce, but retaining top talent can be a challenge due to competition from international tech companies and the allure of overseas opportunities. Creating a more attractive working environment and offering competitive compensation packages can help address this issue.

Future Outlook

The future outlook for the tech sector in the Philippines is optimistic, as the industry is poised for continued growth in the coming years. With strong government support, increasing internet penetration, and a skilled workforce, the country has the necessary ingredients for a thriving tech ecosystem.

Innovation and entrepreneurship will continue to drive the sector's growth, with new startups and established companies alike pushing the boundaries of technology to create innovative products and services. As the global demand for tech solutions continues to rise, the Philippines has the potential to emerge as a significant player in the global tech landscape.

Conclusion

In conclusion, the Philippines' tech sector is experiencing rapid growth and has the potential to become a key driver of the country's economy. As the industry continues to evolve, it will be essential to address the challenges it faces and capitalize on the opportunities it presents to sustain this growth trajectory and realize the sector's full potential.

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By Melissa Goh
Published on 26 May 2023