In the Global IT services market, the Philippines has built a reputation as a center for IT-based services and is consistently building up in terms of efficiency of service, competitiveness, quality of work, and the size of the industry.
Strong support from telecoms and government
PH telecom industry promises to support the higher demands of the software industry as it continuously improves the country’s internet infrastructure.
Aside from that, the government is constantly working to create a stable business environment and now supports tech startups.
Philippine Software Industry Goals (2017-2022)
At last year’s Software Conference, PSIA president Jonathan De Luzuriaga said, “We’re looking at increasing our global market share from the current 12% to about 15%.”
As the PH software industry seeks a bigger share of IT outsourcing services, the country should focus on developing its homegrown talents and “techno-preneurs” to raise the level of its information technology sector to further push the Philippines into new areas of software services like Robotics Process Automation (RPA), and Artificial Intelligence” said Mr. De Luzuriaga. He is so optimistic that the industry will continue to grow, especially as Internet of things will lead the convergence of hardware, software, and services.
While we have entered the age of outsourcing, this has immensely helped the Philippine software industry to grow and be known. In the local scene, digital transformation is currently a priority in Philippine organizations especially those in manufacturing and healthcare sectors.
If you’re looking for a qualified partner for your digital transformation projects, please don’t hesitate to contact us.
The Philippine software industry is well positioned for growth. It now seeks to grow its share to up to USD$7-billion by 2020 from the current USD$3-billion. Also, the PSIA (Philippine Software Industry Association) anticipates growth in the number of Filipino software developers from the current 123,000 with 1.5M IT consultants, to reach 207,000 by 2022. For key industry growth forecast, see infographics below:
Data Sources:
BusinessWorld – Software industry seeks bigger share of IT outsourcing services
Oxford Business Group – Philippines BPO sector remains competitive with voice and value-added services
NewsBytes -PH software industry’s tough goal: Double its revenues
Skill Outlook – Global developer population to touch 25 million by 2021
3 thoughts on “PH Software Industry, Set for Strong Growth”
Where’s the infographic?
IKR hahahaha
I could not find the infographic