If you are looking for low-cost services, then the Philippines is one of the best places to turn. The country's geographic location makes it an easy commute to large business centres around the world. With its stable democracy, a strong currency and English speaking workforce, Filipino companies are increasingly being considered as providers of IT outsourcing services by foreign companies. This article discusses the service industries in which Philippine-based companies specialize along with some history about offshoring there.
The Philippines is one of the top destinations for outsourcing because of its huge population, widely spoken English language and low cost of labour. According to government statistics, more than 3 million Filipinos are living and working overseas. The remittances they send home play a large role in the Philippines strong economy. Remittance inflow accounts for more than 10% of the country's Gross Domestic Product (GDP).
There are more than 1,000 outsourcing and offshoring companies in the Philippines, but only a handful provide offshore IT services to North America and Europe – outsourcing to the Philippines – where English is widely spoken and understood.
In this article, we’re going to tackle the different reasons how IT services in the Philippines are reliable, advanced, and efficient. We’re also going to talk about why businesses outsource their IT services to the Philippines.