MANILA, PHILIPPINES – According to research conducted by Robert Walters, a global talent solutions company, the Philippines’ offshoring industry is projected to hit a revenue of up to $61 billion by 2030, reflecting an estimated 69% growth from the current $36 billion.
This study highlights the sector’s rapid expansion—a growth elevating its contribution to the nation’s GDP from 8.23% to 10.14%.
Philippines Outsourcing’s Resilience
It’s anticipated that over 969,000 new skilled jobs will be created in the next five years as more international firms establish operations in the country.
Companies are now starting to ask that question, where no longer is it all about cost arbitrage, it’s about accessing skills and capabilities. The Philippines is fast becoming a location that has both in abundance.
– David Barr, Robert Walters Outsourcing CEO
This surge is driven by the Philippines emerging as the leading outsourcing destination for global businesses, with firms vouching for its labor force’s high level of English proficiency and technical skills, growing digital infrastructure, and quality services.
Companies outsourcing in the Philippines aren’t only delegating tasks, they’re also building innovation hubs to improve their competitiveness in their markets.
This forecast highlights the country’s resilience in the industry, how it has positioned itself as a premier option for outsourcing services, and is expected to maintain this status in the coming years.
