The Philippines is one of the fastest growing economies in the world, according to economists surveyed by Bloomberg. It has a huge Information Technology and Business Process Outsourcing (IT-BPO) industry that’s now its second largest source of income. With a young, educated, and technologically-savvy workforce that speaks English fluently, the Philippines has become a hub of talent for tech companies.
Here are the key reasons why the Philippines is a go-to destination for offshore software development.
The Philippines has been voted the world’s number one outsourcing destination 3 times by UK’s National Outsourcing Association. Tholons, an international advisory firm for global outsourcing, has consistently cited Manila, Philippines as among the top outsourcing destinations in league of outsourcing leaders like India China, Brazil, and Mexico.
Global management consulting firm AT Kearney named the Philippines along with Malaysia and Poland as a developing player in its 2014 report on rising stars of IT outsourcing.
The Philippines graduates over 130,000 tech and engineering students every year from internationally recognised universities.
The Philippines is the fifth largest English-speaking nation in the world where over 90% of the population speaks and understands English. The country also scored high on the EF English Proficiency Index (6th Edition) ranking 13th out of 72 countries, just behind Malaysia and even ahead of Switzerland.
The Philippines has a strong familiarity and affinity to western culture due largely to its historical past with Spain and the United States. Over 80% of the population is Catholic.
Everything has been fine. Ryan has been doing a great job, I am really grateful to have found him.
Sergey SaganSagan Marketing
Cloud Employee provided our company, Freebird Rides, with quick thinking and diligent developers. The developers were always willing to undertake new tasks and were inspired and excited to implement techniques and technologies that were new to them. Their work was always completed on time and with the utmost care and professionalism. Though we are halfway around the world their communication with us was always clear and easy to understand. We hope to work with Cloud Employee again in the future and would overwhelmingly recommend them to other tech companies.
Danielle ThompsonFreebird Rides
For what it’s worth, I’ve love watching you guys grow and watching our team grow with cloud employee, you should feel proud of what you’ve accomplished :-) Thanks for being our partner.
The main issues we have is getting the IT staff that we need quickly and being able to develop quickly the products and services that we want to make. We’ve had some business and product ideas that we’ve been wanting to make for many years now. With our developers at Cloud Employee, we’ve been able to push those out a lot quicker, a lot sooner. And we’ve been growing our customer base because of that, which is fantastic.