Booming software sector seen to employ 80,000 in PHL in 2013
The software industry is projecting $1.5 billion in revenues next year and expects to employ more workers as market demand increases, an industry executive said over the weekend.
“[W]e hope to sustain our momentum. By 2013, PSIA aims to achieve revenue of $1.5 billion and increase employment... to about 80,000 employees,” Philippine Software Industry Association president Nora Terrado said in a statement.
The software industry is among top contributors to the growth of the local information technology-business process outsourcing (IT-BPO) industry, says the Business Processing Association of the Philippines.
According to BPAP president Benedict Hernandez, the software industry earned $993 million in revenues in 2011 and employed 50,000 full-time workers.
“The Philippine software industry is positioned competitively in the global market,” he said.
The PSIA is composed of approximately 150 companies engaged in software development and IT outsourcing. It is also one of the BPAP's five partner associations.
A recent report by global management consulting firm Everest Group said the Philippines is a mature global location for software services, joining the ranks of China, Brazil, India, and Poland.
Hernandez said these gains clearly demonstrate the potential of the Philippine software industry as the demand for these value-added services is increasing exponentially.
Outsourcing summit
The growth of the software sector in the Philippines and in services centers elsewhere is among the key topics on the agenda of the fourth annual International Outsourcing Summit scheduled on Oct. 7 to 9 in Manila.
Organizers said the event provides a venue for top executives, domain experts, analysts, and representatives of key industry players to discuss opportunities and challenges for IT-BPO industry.
Around 500 delegates from almost 20 countries and 70 high-level speakers and panelists from around the world are expected to attend the annual summit. — BM, GMA News
“[W]e hope to sustain our momentum. By 2013, PSIA aims to achieve revenue of $1.5 billion and increase employment... to about 80,000 employees,” Philippine Software Industry Association president Nora Terrado said in a statement.
The software industry is among top contributors to the growth of the local information technology-business process outsourcing (IT-BPO) industry, says the Business Processing Association of the Philippines.
According to BPAP president Benedict Hernandez, the software industry earned $993 million in revenues in 2011 and employed 50,000 full-time workers.
“The Philippine software industry is positioned competitively in the global market,” he said.
The PSIA is composed of approximately 150 companies engaged in software development and IT outsourcing. It is also one of the BPAP's five partner associations.
A recent report by global management consulting firm Everest Group said the Philippines is a mature global location for software services, joining the ranks of China, Brazil, India, and Poland.
Hernandez said these gains clearly demonstrate the potential of the Philippine software industry as the demand for these value-added services is increasing exponentially.
Outsourcing summit
The growth of the software sector in the Philippines and in services centers elsewhere is among the key topics on the agenda of the fourth annual International Outsourcing Summit scheduled on Oct. 7 to 9 in Manila.
Organizers said the event provides a venue for top executives, domain experts, analysts, and representatives of key industry players to discuss opportunities and challenges for IT-BPO industry.
Around 500 delegates from almost 20 countries and 70 high-level speakers and panelists from around the world are expected to attend the annual summit. — BM, GMA News
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