Philippine software companies are looking at Japan’s fast-growing information technology (IT) services industry as a strategic market for IT outsourcing despite an expected slowdown in the US economy.
The Japanese IT market is considered the second largest market in IT services industry. Japan’s IT market is expected to turn in 2.3 trillion yen in revenues this year, which would grow to 5.5 trillion yen or billion by 2010. The market has been maintaining rapid growth since 1990.
Local IT companies are now eager to tap this huge IT market, as Japanese firms, such as Fujitsu, Canon, Epson, Denso Techno, System Yoshiii, and NEC Telecom, have already outsourced some of their services in the Philippines.
Industry statistics show that some 4,500 Filipino software engineers are already servicing the Japanese market.
On May 14 to 16, eight Philippine companies will be joining the Philippine participation in the 17th Software Development Expo and Conference (SODEC) at the Tokyo Big Sight. These are: Advanced World Systems Inc.; Alliance Software, Inc.; Astra (Philippines), Inc.; Ayala Systems Technology, Inc.; Imperium Technology, Inc.; N-PAX Cebu Corporation; Tsukiden Software Philippines Group; and WeServe Systems International, Inc.
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The Japanese IT market is considered the second largest market in IT services industry. Japan’s IT market is expected to turn in 2.3 trillion yen in revenues this year, which would grow to 5.5 trillion yen or billion by 2010. The market has been maintaining rapid growth since 1990.
Local IT companies are now eager to tap this huge IT market, as Japanese firms, such as Fujitsu, Canon, Epson, Denso Techno, System Yoshiii, and NEC Telecom, have already outsourced some of their services in the Philippines.
Industry statistics show that some 4,500 Filipino software engineers are already servicing the Japanese market.
On May 14 to 16, eight Philippine companies will be joining the Philippine participation in the 17th Software Development Expo and Conference (SODEC) at the Tokyo Big Sight. These are: Advanced World Systems Inc.; Alliance Software, Inc.; Astra (Philippines), Inc.; Ayala Systems Technology, Inc.; Imperium Technology, Inc.; N-PAX Cebu Corporation; Tsukiden Software Philippines Group; and WeServe Systems International, Inc.
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