The year 2020 was a unique period for the Philippine outsourcing landscape. The COVID-19 pandemic made it hard for BPOs and offshore staffing suppliers to execute their plans and projections for the year. However, fast forward to 2021, the outsourcing and offshoring industries are still considered major contributors to the Philippine economy.
Despite the ongoing global health crisis, the Philippines remains as one of the most popular IT outsourcing destinations in Asia among foreign investors. In fact, the current value of the Philippine software development industry is $3.2B.
So, what exactly makes the Philippines offer a pivotal destination for IT and software development outsourcing? Let the following figures speak for themselves.