MANILA, June 28^th, 2018– According to the current IDC Asia/ Pacific, excluding Japan (APeJ) Semiannual Providers Tracker, total outsourcing services profits in the Philippines surpassed US$ 300 million for the full-year 2017, with 8.2% year-over-year growth (in constant currency). IDC’s crucial findings revealed that the IT outsourcing market is experiencing a fundamental shift brought on by cloud services, which are the key to the development of outsourcing, hosting, and managed services.The local IT outsourcing market witnessed a 3.5% decline from 2016 due to the transformation and cannibalization of cloud-based models of outsourcing including facilities as a service (IaaS) and software as a service (SaaS), an altering cost structure, and basic shifts in the rival environment. However, IDC believes that the IT outsourcing landscape in the nation is progressing as gamers utilize different methods– from cloud-centric to hybrid IT approach– to become the leader in this market.

“Presently, the conventional outsourcing provider have actually been pressured due to the fact that of the increased shift to cloud service providers. More traditional providers are anticipated to include brand-new delivery structures to accommodate end users that require services such as cloud, automation, and security services,” said Alon Anthony Rejano, Senior Market Analyst for Provider, IDC Philippines. “Although this shift is seen as a positive indication for the overall IT contracting out market, our company believe that it will likewise affect traditional outsourcers adversely. From a market perspective, cloud continues to grow in the nation however the overall market price stays soft due to the absence of scale for ICT release and schedule of advanced abilities in application migration in the Philippines,”

information on IDC, please contact Alon Anthony Rejano at [email protected]. For media queries, please contact Rushanthine at [email protected] or Trista Efendi at [email protected]!.?.!International Data Corporation

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