Filipino IT Professionals: Dominate Tech Industry Amid Global Economic Challenges. In the face of significant global economic challenges, the Information and Communication (ICT) industry has shown remarkable resilience. A key factor in this resilience is that Filipino IT professionals dominate the tech industry. Companies worldwide are adopting innovative strategies to navigate these challenges, with outsourcing Filipino professionals emerging as a popular choice.
The Unexpected Rise of Start-ups Amid Crisis: A Silver Lining
The COVID-19 pandemic, while triggering a global economic crisis, also ignited an entrepreneurial surge. This unexpected rise of start-ups amid the crisis shattered the decades-long start-up slump. In the United States alone, 2020 saw the establishment of 4.3 million businesses, a 24% increase from the previous year. This trend shows no signs of abating.
The economic challenges brought on by the pandemic have catalyzed entrepreneurs to innovate and keep pace with modern times. Despite initial skepticism, the entrepreneurial boom, particularly in the IT industry, has proven more resilient and widespread than anticipated.
Filipino IT Professionals: Rising Above the Challenge
As businesses scramble to find the right tools and manpower to survive, Filipino IT professionals are rising above the challenge. Their innate ability to devise positive and creative solutions has enabled businesses to confront both local and global challenges.
With the pandemic accelerating the shift towards digitalization, the demand for technology professionals is set to grow. Philip Gioca, JobStreet Philippines country manager, confirmed last year that the demand for Filipino tech professionals remains high domestically and internationally.
Public-Private Partnerships: A Key to Unlocking Potential
Filipino IT professionals’ impact in the outsourcing services sector is just the beginning. The country can further maximize its potential by focusing on partnerships with private entities to create comprehensive job generation programs in the IT industry. These public-private partnerships are key to unlocking potential growth.
The Internet economy in the Philippines was valued at approximately USD 7.5 billion in 2020, with projections to grow 30 percent per year to USD 28 billion by 2025. To realize this digital potential, the government must expand its network by partnering with private companies to generate more jobs for Filipino IT professionals.
TESI ITO: Your Partner in Global Growth
TESI ITO, a preferred IT outsourcing company, employs over 300 Filipino IT professionals with a broad range of expertise. Our carefully selected and trained experts provide quality services from technical engineering to cybersecurity, ready to assist you in scaling your business operations globally.
Furthermore, TESI ITO manages employee-related tasks, from payroll and tax compliance to people engagement, allowing you to focus on generating revenue for your business. Align your business with innovative solutions focused on successful growth. TESI ITO, your partner in outsourcing. Grow with TESI today!
