Philippines IT Outsourcing is now a booming industry. The Philippines is without doubt one of the most depended outsourcing hubs around the world. Even though India has dominated information technology outsourcing (ITO), the Philippines is ramping up fast as a leading spot for IT services.
Based on the top 100 Outsourcing destinations for 2014, a research carried out by IT and outsourcing strategic organization Tholons, Manila has overtaken Mumbai (India) as the world’s second outsourcing services destination in the world. Excluding Manila, Cebu also took a spot in the top ten, ranking number eight.
Benefits of Outsourcing IT Services to the Philippines
Many countries (similar to the USA, Australia and UK) decide on outsourcing IT services like programming and software development in the Philippines because the nation has been consistent in supplying great services. The nation offers exceptional benefits as a world outsourcing hub peculiarly for IT enabled offerings. In the past few years, there was an increase of outsourcing systems administration, database management, network management, backup and contingency and even IT helpdesks to the Philippines. Probably the most advantages of outsourcing IT operation in the Philippines include:
- Access To Proficient People With High Skills
The abundance of people with high-degree skill set and cost -effective labor cost in the Philippines makes the nation an IT outsourcing hub. Philippines is the third biggest English speaking populace in the world and has one of the best literacy rates within the region.
- Cost-Competitive But Efficient Staff
The Philippines is a very affordable country compared to different international locations in Asia and the whole world. A study executed by international research firm Clutch showed that the Philippines is without doubt one of the most reasonably-priced locations for IT (web design, software development, animation, and so forth.). Employee compensation costs, the major fee component of any outsourcing operation is usually a tenth to a fifth of that for a local US company.
- Expertise in Global Strategies, Specifications And Approaches
Filipino professionals have developed an advantage in global methodologies owing to the fantastic progress of the outsourcing industry within the Philippines. The presence of gigantic international organizations within the country have shaped and multiplied Filipinos’ talent units, for this reason providing workers with a world perspective and skills in numerous domains and global procedures and programs.
- Consistent high quality services
The Philippine IT outsourcing industry has grown twelve-fold in terms of sales. By 2020, Philippine IT outsourcing is about to gain a $48 -billion revenue which might account for 19% of the $250-billion world outsourcing industry, says some sources.
The collaboration amongst government, industry and academe has been improved in the Philippines, growing the right ecosystem, trade model, infrastructure and provision of talent. The Philippines is currently in a superb role to grab worldwide recognition because of its sound industry atmosphere and performance.
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