If you’re in the market to try out software development outsourcing, Philippines should be your go-to option. Statista reports that the software market in the Philippines is projected to grow by 8.50% (2023-2028) resulting in a market volume of US$1264.00m in 2028. In today’s competitive business landscape, outsourcing software development is a common and sustainable strategy that can grow your business. Software development outsourcing ensures you have proficient individuals handling quality and advanced coding, designing, testing, and debugging software. With the right software development team, you get to reduce business costs and speed up business development at the same time.
And with the evolution of business models, it’s no surprise how in-demand outsourcing solutions are. As an essential part of every business process outsourcing strategy, choosing the right outsourcing partner who can provide your software development needs can significantly improve future business sales. And as a top outsourcing destination, the Philippines offers a variety of custom software development services guaranteed to cater to your business needs at a cost efficient price. So, if you’re in the market for experienced software developers to strengthen your online presence and push business growth, you can find plenty of highly skilled software developers in the Philippines.
Why outsource software development in the Philippines?
IT professionals like software developers are in high demand in top outsourcing destinations like the Philippines. According to Mobilunity, there are about 190,000 professional Filipino software developers who are available for hiring. Software development is a prestigious and respectable career that encourages around 83,000 Filipino students to graduate with degrees from engineering and technology, with 74,000 boasting degrees in information technology every year, as per Elite Brains.
In a 2022 report shared by superstaff, analysts say that the Philippines has improved its capacity to offer non-call center outsourcing services, including high-skill services such as IT, software development, finance and accounting, healthcare, and knowledge process outsourcing. Business process outsourcing (BPO) accounts for one of the biggest boosts to the Philippines’ economy and currently employs more than 2 million people in several sectors, boasting a net worth of $24 billion. Some of the key advantages of the BPO industry in the Philippines as the top outsourcing destination include low cost of labor, an English-proficient and highly skilled workforce, and cutting-edge technology and infrastructure.
Benefits of software development outsourcing
Cost savings
Software development outsourcing lets you save up on operational costs especially as a business intent on scaling up. Hiring outsourced software developers and software engineers for technical support will not only cost less, but will also take less time and resources. This allows your business to focus on core functions like brand building and research and development to provide better customer service and quality assurance.
Quality improvements
Having remote software developers can significantly improve the quality of work. Delegating software development is an efficient strategy that lets your in-house team have more time and resources to scale up. You can also get custom software development with a competitive advantage when you outsource software development.
Access to expertise
While some businesses choose to build an in-house team of software developers, most SMEs and even large organizations choose to outsource talent to countries with a wider talent pool. Finding the right skill set is possible when you outsource experienced software developers, especially in top outsourcing destinations like the Philippines. With the right software development team, you are guaranteed cost effective service with quality assurance.
How to choose the right software development outsourcing partner in the Philippines
Microsourcing presents statistics reporting that IT services make up 72% of all global outsourcing contract values, with 92% of G2000 companies using IT outsourcing. To get started on your software development outsourcing journey, you need to find the right partner from software development companies who can allow you to gain access to experts that have a specialization for your business needs. Research is essential to making sure you know and you are sure about what you need. You can start searching through recommendations from your network or from your circle, through listings, or through advertisements. Once you find the software development provider that suits your preferences, set parameters through constant and clear communication, thorough assessment of experience or expertise, and request an accurate quote for the custom software development you need.
Outsourcing is on the rise in the Philippines
According to USource, the Philippine BPO industry contributed to nation-building as the Information Technology and Business Process Management (IT-BPM) sector opened millions of jobs and contributed billions to the gross domestic product of the Philippines. Philippine revenue growth is at 5.6% from 2016 to 2022, and the IT and Business Process Association of the Philippines (IBPAP) expected the IT-BPM industry’s 10.6% revenue growth and 9.1% headcount growth to double by the end of 2022.
The future of Philippine business process outsourcing is promising, with the accelerated digital transformation of many businesses leading to an increase in demand for outsourcing services in areas such as digital marketing and IT support that has significantly contributed to its growth. The Philippine BPO industry has also expanded its outsourcing solutions beyond traditional customer service and now supports functions to include areas such as financial services, software development, and data analysis. There is also an increased investment from the Philippine government to develop the country’s technology and infrastructure, including the education system, which is expected to further strengthen the outsourcing industry in the future. The diversification of clients from various industries, including healthcare, finance, and e-commerce demonstrates the versatility of Philippine outsourcing services.
Frequently asked questions
Can software developers be outsourced?
Due to the rapid advancement in technology, the demand for software developers and software engineers has skyrocketed in the past decade. With outsourcing, businesses are given access to a wide pool of experienced software developers with a wide range of skills. If you want a faster and cheaper way to grow your business, you can easily outsource a software development team through reputable software development companies.
Is it worth outsourcing software development to the Philippines?
Software development outsourcing is more cost effective and practical. Besides the benefit of saved costs, time, and resources, you get a better streamlined process, quality assurance and customer service from experienced software developers in the Philippines. Having low cost of labor, an English-proficient and highly skilled workforce, as well as cutting-edge technology and infrastructure are highly valued attributes to the world’s largest business process outsourcing companies in places like the US, Australia and the UK that rely on outsourcing.
Outsource your software development today
If you’re a business owner looking to outsource experienced software developers for the first time or you’re in the market for the ideal partner to push your business to even greater heights, you don’t have to sweat looking for your outsourcing partner when you can turn to a reliable software development provider like The Outsourcer who can provide you everything that you’ve been looking for (and more) with their cutting-edge team of Filipino virtual assistants.
The Outsourcer is a game-changer in the Philippine and Australian outsourcing industry, having only the best talent for all business operations you need to be done. We will work on continuous training and coaching to give you the best results for your business needs. Save on recruitment and training expenses, while maintaining successful operations to grow your business by scheduling a free consultation with us today.