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Retail Market in Philippines to grow by USD 66.35 Billion (2024-2028), driven by rising demand for convenience food products, Report on AI-driven market transformation – Technavio

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NEW YORK, Jan. 30, 2025 /PRNewswire/ — Report with the AI impact on market trends – The retail market in philippines size is estimated to grow by USD 66.35 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of  11.1%  during the forecast period. Growing demand for convenience food products is driving market growth, with a trend towards in sales through online distribution channels. However, threat from counterfeit products  poses a challenge. Key market players include A.S. Watson Group, Abenson, Amazon.com Inc., Cosco Capital, Fast Retailing Co. Ltd., Golden ABC, Inter IKEA Holding BV, McDonald Corp., Mercury Drug Corp., Metro Retail Stores Group, New City Commercial Corp., Nike Inc., Robinsons Retail Holdings Inc., Seven and i Holdings Co. Ltd., SM Investments Corp., SSI Group, WOW Group, and Wilcon Depot.

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Retail Market In Philippines Scope

Report Coverage

Details

Base year

2023

Historic period

2018 – 2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 11.1%

Market growth 2024-2028

USD 66353.1 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

9.7

Regional analysis

Philippines

Performing market contribution

APAC at 100%

Key countries

Philippines and APAC

Key companies profiled

A.S. Watson Group, Abenson, Amazon.com Inc., Cosco Capital, Fast Retailing Co. Ltd., Golden ABC, Inter IKEA Holding BV, McDonald Corp., Mercury Drug Corp., Metro Retail Stores Group, New City Commercial Corp., Nike Inc., Robinsons Retail Holdings Inc., Seven and i Holdings Co. Ltd., SM Investments Corp., SSI Group, WOW Group, and Wilcon Depot

Market Driver

The retail market in the Philippines is thriving with various trends shaping the industry. Big-box retailers are expanding their brick-and-mortar stores, while e-commerce and mobile commerce continue to grow. Data analytics and artificial intelligence are being used for personalized marketing and inventory management. Multichannel retailing, online buying, and fast delivery are becoming the norm. Warehouse automation, cross-selling, upselling, and loyalty programs are key strategies for retailers. Food and beverages, including supermarkets and hypermarkets, convenience stores, and specialty food stores, are popular. Motor vehicle dealers, parts dealers, gasoline stations, and miscellaneous store retailers also contribute to the market. Technology trends like AI, machine learning, chatbots, AR, and VR are transforming retail experiences. Healthy eating and convenience in shopping are major consumer preferences. Ecommerce, nonstore retailers, building materials dealers, garden equipment dealers, pharmacies, healthcare stores, sporting goods stores, hobby stores, musical instrument stores, bookstores, and various other retail segments are also part of this dynamic market. 

In the Philippine retail market, there’s a notable growth in online sales of consumer goods. Established and private retailers have capitalized on this trend, selling their merchandise via shopping portals. The elimination of physical stores, inventory, and salespeople through online channels has led retailers to prioritize digital sales. Additionally, the rise in internet and smartphone usage in the country provides a significant opportunity for retailers to expand their online presence. Consumers also prefer online shopping due to its time-saving and practical advantages, particularly for their daily FMCG needs. 

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 Market Challenges

The retail market in the Philippines faces various challenges in today’s dynamic business environment. Traditional brick-and-mortar stores compete with big-box retailers, e-commerce, mobile commerce, and various forms of online buying. Data analytics and artificial intelligence are essential for personalized marketing and multichannel retailing. Fast delivery, inventory management, and last-mile delivery are crucial for customer convenience. Several retail sectors, including supermarkets and hypermarkets, convenience stores, motor vehicle dealers, parts dealers, gasoline stations, and miscellaneous store retailers, are adapting to these trends. E-commerce and nonstore retailers, such as cosmetics stores, clothing stores, electronics stores, appliance stores, furniture stores, home furnishings stores, department stores, general merchandise stores, and online stores, are investing in AI, machine learning, chatbots, augmented reality, and virtual reality for a seamless shopping experience. Food and beverage retailers, including specialty food stores and hobby stores, are focusing on healthy eating and convenience. Pharmacies and healthcare stores, sporting goods stores, and hobby stores are exploring new technologies like robotics, drone deliveries, and omnichannel shopping. Overall, retailers must embrace technology, provide fast and convenient services, and offer personalized experiences to stay competitive in the Philippine market.The retail market in the Philippines faces a considerable challenge from the proliferation of counterfeit goods. Fake products, ranging from Fast-Moving Consumer Goods (FMCG) to electronics, are widely available and pose a significant threat to both retailers and genuine manufacturers. These imitations, often sold through online platforms, are driving down prices with their lower quality and durability. This influx of counterfeits is making it increasingly difficult for customers to distinguish between genuine and fake items, negatively impacting sales for major retailers and damaging the reputation of legitimate brands. To stay competitive, counterfeiters price their products attractively, but the long-term costs to consumers and businesses are substantial.

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Segment Overview 

This retail market in Philippines report extensively covers market segmentation by  

Product 1.1 Food and beverages1.2 Personal and household care1.3 Apparel and footwear1.4 Electrical and electronics1.5 OthersDistribution Channel2.1 Offline2.2 OnlineGeography 3.1 APAC

1.1 Food and beverages-  The retail market in the Philippines is witnessing growth in the food and beverages sector due to rising commodity prices and increasing purchasing power in regions like Manila and Calabarzon. Consumers are showing a growing preference for imported goods, particularly processed foods, which is projected to register the highest growth rate. Mini marts are gaining popularity in urban areas and expanding into smaller cities, focusing on instant food and beverage products. Ready-to-eat food products, such as protein balls, trail mix, and chilled ready meals, are popular choices. Freshly prepared hotdogs and steamers are also available daily in retail stores, attracting customers. These trends are expected to fuel the growth of the food and beverages segment in the Philippines during the forecast period.

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Research Analysis

The retail market in the Philippines is a vibrant and diverse sector, encompassing various formats such as big-box retailers, brick-and-mortar stores, e-commerce platforms, and mobile commerce. Consumers in the Philippines increasingly prefer the convenience of online buying, with fast delivery and inventory management being key factors. Retailers are leveraging data analytics, artificial intelligence, and machine learning to offer personalized marketing, cross-selling, and upselling opportunities. Multichannel retailing is gaining popularity, allowing customers to shop seamlessly across different channels. The retail landscape includes various segments such as food and beverages, motor vehicle dealers, parts dealers, gasoline stations, miscellaneous store retailers, cosmetics stores, and personal care stores. Innovative technologies like chatbots, augmented reality, and virtual reality are being adopted to enhance the shopping experience.

Market Research Overview

The retail market in the Philippines is a vibrant and diverse sector, encompassing various formats such as big-box retailers, brick-and-mortar stores, e-commerce, mobile commerce, and nonstore retailers. These channels offer a wide range of products, including food and beverages, electronics, appliances, furniture, clothing, cosmetics, and more. Convenience is a key driver in the Philippine retail industry, with an increasing focus on fast delivery, inventory management, and last-mile delivery solutions. Technology plays a significant role, with data analytics, artificial intelligence, personalized marketing, and multichannel retailing becoming increasingly important. Consumers can now shop online, in-store, or through their mobile devices, and retailers are leveraging tools like cross-selling, upselling, loyalty programs, and chatbots to enhance the shopping experience. Additionally, emerging technologies like augmented reality, virtual reality, and robotics are being explored to create innovative retail solutions. The retail landscape in the Philippines continues to evolve, offering consumers a wide range of convenient and personalized shopping options.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

ProductFood And BeveragesPersonal And Household CareApparel And FootwearElectrical And ElectronicsOthersDistribution ChannelOfflineOnlineGeographyAPAC

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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Innovile Implements INNTELLIGENT Self-Organizing Network Management and INNSPIRE Telecom Network Configuration Management Solutions for Türk Telekom

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IZMIR, Turkey, Feb. 25, 2025 /PRNewswire/ — Innovile, a global leader in telecom network optimization and management solutions, is pleased to announce the deployment and integration of its advanced solutions—INNTELLIGENT Self-Organizing Network Management (SON) and INNSPIRE Telecom Network Configuration Management (CM)—in collaboration with Türk Telekom, one of Turkiye’s leading telecom operators.

This collaboration underscores a commitment to maximizing customer experience through enhanced efficiency, automation, and optimization in Türk Telekom’s network operations. While Turk Telekom has long maintained robust operational capabilities, integrating the Energy Saving (ES) module within the INNTELLIGENT SON platform was tailored to complement its existing strengths, fostering a shared focus on sustainable and customer-centric network management.

Integrating Innovile’s solutions has empowered Türk Telekom to deliver a superior customer experience while achieving significant operational enhancements. By seamlessly integrating Self-Organizing Network (SON) and Configuration Management (CM) platforms, Türk Telekom has streamlined workflows, enabling cohesive operations and seamless data flow. Using an integrated vendor solution has simplified processes for Türk Telekom’s Network Operations Center (NOC), driving operational efficiency and reducing complexity. Additionally, the unified platform has accelerated implementation timelines and improved resource allocation, ensuring optimal utilization of IT infrastructure and cost-effective network management.

The deployment featured 19 modules from the INNTELLIGENT SON platform and over 60 modules from the INNSPIRE CM solution. Among the key modules are the Energy Saving (ES) module, Interference Management, Load Balancing, Capacity Optimization, SDK (Software Development Kit), and Special Event Management (SEM). Each module addressed specific network challenges, ensuring enhanced performance and operational efficiency for Türk Telekom. These solutions collectively contribute to a superior user experience by delivering seamless connectivity, faster speeds, and reliable service, even during high-demand events.

Partner Statements

“Innovile’s solutions have supported our efforts to enhance operational efficiency and deliver a superior network experience,” said Muhammet Yılmaz Çelik, Mobile Network Optimization Group Manager at Türk Telekom. “The Energy Saving module, tailored through collaboration with Innovile, exemplifies the value of customized solutions in achieving our sustainability goals.”

“Working alongside Türk Telekom has been a rewarding experience,” said Erdal Köklü, CEO at Innovile. “Our joint efforts to align the ES module with their specific needs highlight the importance of customer-focused innovation in telecom solutions.”

Future Outlook

By adopting INNTELLIGENT and INNSPIRE platforms, Türk Telekom is well-equipped to manage the complexities of modern telecom networks, including the transition to 5G. These solutions provide robust automation and optimization capabilities, ensuring readiness for future demands.

About Innovile

Innovile is a global leader in telecom network optimization and management solutions, empowering mobile network operators with cutting-edge software to enhance performance, operational efficiency, and customer experience. With its flagship platforms, INNTELLIGENT Self-Organizing Network Management and INNSPIRE Telecom Network Configuration Management, Innovile enables robust network automation, driving seamless optimization and resilience while prioritizing customer-focused innovations.

With a proven track record of delivering tailored solutions for Tier-One operators worldwide, Innovile specializes in Self-Organizing Networks (SON), network configuration, fault management, performance management, and beyond. Committed to driving innovation, Innovile partners with operators to tackle today’s challenges while preparing for future technologies like 5G and autonomous networks.

For more information, visit Innovile’s website.

About Türk Telekom

With over 180 years of history, Türk Telekom is Turkiye’s first integrated telecommunications operator. In 2015, Türk Telekomünikasyon A.Ş. adopted a customer-oriented structure to address rapidly evolving communication and technology needs. The company offers various services across mobile, internet, phone, and TV, unifying these under the “Türk Telekom” brand since 2016.

For more details, visit Türk Telekom’s website.

Contact: Güliz Öztürk Yenigün, 05309626473, guliz.yenigun@innovile.com 

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SOURCE Innovile

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PikMyCar Launches Transportation Services with Free Offer for People of Determination in Dubai and Abu Dhabi: A Step Towards Giving Back to Society

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DUBAI, UAE, Feb. 25, 2025 /PRNewswire/ — PikMyCar, a premium transportation service, is proud to announce the launch of its services in Dubai and Abu Dhabi with a special initiative to give back to society. As part of its launch, PikMyCar is offering free transportation services for People of Determination, reinforcing its commitment to inclusivity, social responsibility, and enhancing the community’s well-being.

With a mission to make the world a better place, PikMyCar introduces a comprehensive range of services, including airport transfers, car pick-up and drop-off, safe drivers, RTA vehicle testing and car towing service. By offering these services free of charge to People of Determination, PikMyCar is ensuring that everyone has access to quality transportation.

Although the fleet comprises regular vehicles, PikMyCar is committed to making the travel experience comfortable and accessible for all. This effort to serve People of Determination reflects the company’s broader goal of fostering inclusivity and giving back to society by offering equal access to its premium services.

“At PikMyCar, we believe that a truly successful business is one that cares for its community and contributes to making the world a better place,” said Mohamed Ghouse Abdul Rahaman, CEO of PikMyCar. “This initiative is our way of giving back—by offering free transportation to People of Determination, we’re helping break down barriers and ensure that everyone can access the services they need, when they need them. It’s not just about providing a service; it’s about creating an environment of care, compassion, and accessibility for all.”

PikMyCar Services:

Airport Transfers
PikMyCar offers free, comfortable, and reliable airport transfers between Dubai International Airport (DXB) and Abu Dhabi International Airport (AUH) for People of Determination, ensuring stress-free travel to and from the airports.

Car Pick-Up and Drop-Off Service
Avoid the hassle of driving the car to the service center. With PikMyCar Car Pick-Up and Drop-Off service, a professional driver will collect the user’s car from home or office and take it for maintenance, saving them time and effort.

Safe Driver Service
PikMyCar Safe Driver service provides a professional driver to take people and their car to the desired location. Whether one has been drinking or simply needs a safe, reliable ride, PikMyCar ensures they and their vehicle get to the destination worry-free.

RTA Vehicle Testing Services
PikMyCar also provides free pick & drop services for People of Determination who need assistance with RTA vehicle testing for Vehicle renewal, offering a hassle-free solution to an important requirement.

Car Towing Service
PikMyCar offers reliable Car Towing services to safely transport people’s vehicle to a desired location, whether it’s a service center or another destination. PikMyCar team ensures the vehicle is handled with care during transit.

A Commitment to Community and Social Impact

PikMyCar believes that businesses should serve as forces for good in society. By providing free services to People of Determination, the company is helping to ensure that transportation remains a bridge to opportunity, not a barrier. This initiative is part of PikMyCar’s ongoing efforts to create positive social change and give back to the communities it serves.

These free services will be available for a limited time and can be booked through Whatsapp.

For more information or to book a service, whatsapp +971585378990, visit www.pikmycar.com or download the PikMyCar app Android / iOS.
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About PikMyCar

PikMyCar is a customer-focused transportation service offering a variety of transportation solutions across Dubai and Abu Dhabi. With a focus on reliability, service excellence, and inclusivity, PikMyCar is dedicated to making transportation more accessible and providing high-quality service for all.

Media Contact:

Mohamed Ghouse Abdul Rahaman
Phone: +97144598100
Email: contact@pikmycar.com  
Website: www.pikmycar.com

Logo: https://mma.prnewswire.com/media/2626118/PikMyCar_Logo.jpg

 

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SynaXG and Kyocera Implement World’s First Software-Defined, mmWave 5G vRAN on the NVIDIA AI Aerial Platform

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Open-RAN compliant, high-performance, energy-efficient 5G vRAN solution leverages the NVIDIA GH200 Grace Hopper™ Superchip, accelerating AI-RAN commercialization for public and private wireless networks

BARCELONA, Spain, Feb. 25, 2025 /PRNewswire/ — MWC Barcelona 2025SynaXG, a leading provider of AI-RAN solutions, in collaboration with Kyocera and NVIDIA, unveiled the world’s first data transmission and reception over mmWave radios utilizing the NVIDIA GH200 Grace Hopper™ Superchip. This industry-first milestone marks a transformative leap toward AI-native wireless communications, enabling operators worldwide to unlock new AI-based monetization opportunities and achieve significant gains in wireless network performance and efficiency with AI.

Pioneering AI-Native Wireless Infrastructure
The solution combines advanced radio technology (PHY) with network control units (CU and DU) for a complete 5G mmWave system, based on the NVIDIA AI Aerial™ platform. This full-stack AI-RAN solution enables both AI-and-RAN and AI-for-RAN capabilities, running Layer 1 to Layer 3 functions on the NVIDIA GH200 Grace Hopper™ Superchip.

The integration of NVIDIA GH200 into SynaXG’s AI-RAN solution represents a paradigm shift towards AI-native wireless infrastructure, enabling lightning-fast data transmissions, ultra-reliable performance, real-time intelligent operations, and dynamic resource optimization. These innovations coupled with a fully software-defined, O-RAN compliant vRAN solution, help lay the groundwork for the seamless evolution to 6G networks.

Exceptional Energy Efficiency and Performance
In recent laboratory trials, the solution showcased impressive mmWave performance by supporting five carriers, each with 400 MHz of bandwidth, on a single NVIDIA GH200 superchip. This setup achieved an aggregate peak throughput of up to 30 Gbps per GH200. This performance is comparable to custom ASIC-based solutions while offering significantly greater flexibility and upgradability.

These early trials set the stage for creating one of the world’s most energy-efficient AI-RAN solutions, redefining how networks are optimized for cost and sustainability. In particular, the use of AI algorithms in radio signal processing, such as for frequency selection and power optimization, deliver significant gains in cell throughput, cell edge throughput and overall power consumption, as observed through simulation in lab environments. In addition, the ability of mmWave technology to transfer large amounts of data at minimal energy consumption underscores its transformative potential in wireless networks. 

“This achievement lays the foundation for AI to improve and run on super-fast mmWave networks,” said Mantosh Malhotra, Chief Business Officer, SynaXG. “Together with Kyocera and NVIDIA, we have demonstrated how these technologies can converge to help redefine AI-native wireless communications and pave the way for smarter, more efficient networks that meet the demands of both carriers and enterprises globally.”

“Kyocera is proud to partner with SynaXG and NVIDIA on this world-first innovation,” said Masaaki Hori, Deputy General Manager, Kyocera Corporate KWIC (Wireless Innovation Center) Division. “With Kyocera’s strengths in mmWave technology, our collaboration with SynaXG and NVIDIA is a testament to the power of teamwork in driving meaningful advancements in telecommunications technology, starting with AI-RAN.”

“AI-RAN represents the next frontier for wireless networks, taking 5G, 5G Advanced, and O-RAN to new heights and paving the way for 6G as the future of connectivity,” said Soma Velayutham, Vice President of Telecoms, NVIDIA. “This implementation by SynaXG and Kyocera using NVIDIA AI Aerial demonstrates that software-defined AI-RAN can deliver high performance, optimized costs, and improved sustainability for next-generation networks.”

Enabling Industrial Innovation
The AI-RAN solution transforms industries by combining ultra-reliable, high-bandwidth connectivity with edge AI processing. Kyocera and SynaXG envisions widespread deployment of this technology across smart manufacturing, logistics, smart spaces, hospitality and healthcare. In high-density environments like stadiums, the AI-RAN platform can simultaneously process both connectivity needs and local AI inferencing for applications such as real-time video queries or live player analytics, enhancing the spectator experience.

Trials with select partners and mobile carriers for the AI-RAN solution are targeted for the end of 2025. Industry partners and customers are invited to experience this groundbreaking solution firsthand at the SynaXG booth (Hall 5, Stand 5F21) and the Kyocera booth (Hall 5 Stand 5E12) during Mobile World Congress 2025.

About SynaXG’s AI-RAN Solutions
SynaXG’s AI-RAN solution integrates advanced AI algorithms to deliver optimized network performance and energy efficiency. Leveraging real-time insights for mobility management, load balancing, and traffic optimization, SynaXG enables smarter and more adaptive networks for both public and private networks.

About SynaXG
SynaXG is a leader in AI-driven RAN solutions, delivering scalable, energy-efficient platforms for mobile carriers and private networks. By integrating advanced AI algorithms with carrier-grade RAN software, SynaXG drives digital transformation across industries, enabling smarter, faster, and more reliable wireless networks. Follow us on Linkedin or learn more at www.synaxg.com.

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