By Imee Charlee C. Delavin
Senior Reporter

Software industry seeks bigger share of IT outsourcing services

Posted on October 20, 2016

THE Philippine software industry is looking to capture a bigger share of the global demand for software products and services, an official said on Wednesday.

Local companies seek to expand its footprint in IT outsourcing, an industry worth over $100 billion globally, Philippine Software Industry Association (PSIA) President Jonathan De Luzuriaga said during a event.

“We want to steer those [software-related] projects towards the Philippines,” Mr. De Luzuriaga said, adding that the industry seeks to grow its share to up to $7 billion by 2020 from the current $3 billion. “We have proven that the country can offer the same, if not better service,” he added, citing services related to software-heavy platforms -- on mobile, cloud, social media spaces and big data analytics.

The software sector remains to be among the top revenue contributors to the Philippine industry of outsourced IT services.

Mr. De Luzuriaga remains optimistic that the industry will continue to grow, especially as Internet of things further prompts the convergence of hardware, software, and services. The industry’s Road map 2022 is expected to set the pace for the entire IT-Business Process Management industry in the Philippines, he added.

The country should focus on developing its homegrown talents and “techno-preneurs” to raise the level of its information technology sector to further push the Philippines into new areas of software services, he said.

There are around 123,000 software developers in the country and PSIA said it is hoping to grow it to 200,000 by 2020. The quality of Internet connectivity in the country remains among the challenges of the IT sector, he said.