Philippines Software Outsourcing Market, growing by the numbers

Philippines Software Outsourcing Market, growing by the numbers

Philippines Software Outsourcing Market, growing by the numbers Exist Software Labs Inc.

Philippines Software Outsourcing | Software Development from Philippines | Offshore Software Market PhilippinesThe Philippines’ software outsourcing industry is considered one of the higher-value sectors and is credited for contributing some US$1.16 billion into the Philippine economy, employing nearly 60,000 software engineers and IT professionals. Estimated revenue per full-time employee (FTE) per annum is at US$20,500.

We have great raw software engineering talent from different regions in the Philippines,” said Jerry Rapes, Exist Software Labs’ CEO. “We have the scale, we have dedicated people, and we’ve proven to our global customers that we can deliver.”

International research firm Everest Group notes that the Philippines is gaining ground in the field of offshore software development and information technology outsourcing (ITO).

In addition, data issued by the Industry Development of the Information and Communications Technology Office of the Department of Science and Technology shows that the Philippines has the third-largest pool for IT work in the Asia-Pacific region, while ITO costs rank among the lowest in the world.

This June, the PSIA, which is the premier organization promoting the global competitiveness of the software outsourcing industry of the Philippines, celebrated its 25th year in the making. Its transformation from a special interest group to a 150-powerhouse of software organizations is amazing.

Inspired, I came up with a simple representation of the Philippines’ software market growth by the numbers with the last values referencing PSIA.

References:

The Philippines: IT Outsourcing, earmarked for growth

IT-BPM Industry Prepares for 5th International Outsourcing Summit

Philippines software industry earns $1.16b

Privacy Preferences

When you visit our website, it may store information through your browser from specific services, usually in the form of cookies. Here you can change your Privacy preferences. It is worth noting that blocking some types of cookies may impact your experience on our website and the services we are able to offer.

Click to enable/disable Google Analytics tracking code.
Click to enable/disable Google Fonts.
Click to enable/disable Google Maps.
Click to enable/disable video embeds.
Our website uses cookies, mainly from 3rd party services. Define your Privacy Preferences and/or agree to our use of cookies.