The Outsourcing Industry in the Philippines
Learn why this rising Asian tiger is the top choice of companies around the world for their outsourcing needs.
The Philippine economy is not yet done with its theatrics. Its over-the-top average growth rate of 6.8% is among the world's most robust. This Asian archipelago has been growing at that pace since 2006—defying the economic onslaught of the 2008 Global Financial Crisis. And an essential factor that contributes to the Philippines' resilience and unprecedented growth is the ballooning business process outsourcing (BPO) sector.
The A.T. Kearney Global Services Location Index ranked the Philippines 7th in its list of competitive locations for offshore services, with the rising Asian tiger gaining high ground in high-value fields such as IT engineering and legal BPO.
The BPO sector in the Philippines has employed an estimated 1.35 million professionals. The country is also ranked third highest in the Top 20 Digital Nations list, next to India and China.
Based on numerous predictions, the Philippine BPO industry will reach an income range of a whopping
$40 to $55 billion by 2020.
Say hello to our offshore team in the Philippines and see what they can do for your business.