Manila, Philippines – Information Technology Outsourcing (ITO) in the Philippines has the potential to double its global market share by 2016, with tremendous benefits to the economy, given that IT Outsourcing is as vast an industry as Business Process Outsourcing (BPO). This was revealed at a recent membership meeting of the Philippine Software Industry Association (PSIA), by Alejandro Melchor III, Deputy Executive Director for Industry Development of the Information and Communications Technology Office of the Department of Science and Technology (DOST-ICTO).
Next to China and India, the Philippines has 3rd the largest annual supply of technical talent for IT in the Asia Pacific Region, likewise, the Philippines has consistently ranked number one in the availability of knowledge based workers worldwide, based on surveys done by US-based Meta Group. “We are currently one of the lowest cost destinations for IT outsourcing. Combined with the extensive IT work experience of our workforce, the wide variety of IT skills available and a growing global branding rivaling that of our doctors and nurses, we have the tools and the talent to be a major player in IT outsourcing,” Mr. Melchor said.” ITO is growing fast and is driven by converging global megatrends such as the growth of the knowledge economy and the global technology revolution.” He added.
DOST Secretary Mario G. Montejo cited the local ITO industry as one of the star performers of the past year. He cited joint industry-government statistics showing that the sector grew by 37% in 2011, generating around 50,000 full time employees and generating almost one billion dollars in revenues. He added that Filipino IT workers have a wide range of skill sets that include software development, programming, mobile platform expertise, mainframe skills and database platform proficiency.
Undersecretary Louis N. Casambre of DOST-ICTO also concluded that; “With the current momentum the industry has, we are confident that we can double our market share in ITO by 2016. Through ICT Public Private Partnerships (iPPP) like we have with the PSIA we are developing programs to accelerate growth in this sector.”
PSIA President Nora Terrado, said that the industry is pleased with support that it is getting from the government through ICTO. “We are confident with the quantity and quality of Filipino IT talent to support the ITO industry and with continued support from the government particularly in the areas of talent development and industry promotion we foresee that the Philippines will soon become an ITO powerhouse” Ms. Terrado said.
About DOST-ICTO – The Information and Communications Technology Office of the Department of Science and Technology is the Philippine Government’s lead agency on ICT related matters. Its primary thrusts are in the ICT Industry Development, eGovernment, ICT policy development, Internet for all and Cybersecurity.