In an article by James Henderson, published in Channel Asia Singapore, Philippines has recorded a total outsourcing services revenue exceeding US$300 million in 2017.
Based on the findings by the International Data Corporation (IDC), it was found that cloud services were causing a “fundamental shift” in the IT outsourcing market. One notable statistic was a 3.5 % decline in the local IT outsourcing market from the previous year.
The article stated that “this was due to the ‘radical change and cannibalisation’ of cloud-based models of outsourcing involving infrastructure-as-a-service (IaaS) and software-as-a-service (SaaS), a changing cost structure, and fundamental shifts in the competitor environment.”
In an evolving ecosystem, IDC reasons that various strategies are being put into play, ranging from cloud-centric to hybrid IT approach, all with the goal of coming out on top.
