Philippines lags in cloud ecosystem list

The Philippines ranked 59th out of 76 countries in the  Insights’ inaugural . The index is a worldwide ranking based on the progress toward cloud-centric digital economies. It also evaluates and compares the regulatory frameworks and digital practices that promote the use of cloud models in the public and private sector. The Philippines scored 5.40 (out of possible 10) and the lowest among East Asia and Pacific countries included in the index. Despite this, the report said the country’s cloud services market is seen to grow to $2.8 billion in revenue by 2025, buoyed by about 15% of the global business outsourcing industry, a world-leading mobile banking economy, and increasing broadband infrastructure.