Thursday, May 01, 2008 [ manilatimes.net ]
Information technology companies in the Philippines see Japan as a strategic market for IT outsourcing amid an expected slowdown in the US economy.
The Japan market, which has been experiencing rapid growth since 1990, is projected to be worth 2.3 trillion yen this year. By 2010, the market is expected to reach 5.5 trillion yen, or $48 billion. Japan is the second largest market for the country’s IT service industry.
Next month, Philippine companies will participate in the 17th Software Development Expo and Conference (SODEC) at the Tokyo Big Sight.
These companies include, Advanced World Systems Inc., Alliance Software, Inc., Astra (Philippines) Inc., Ayala Systems Technology Inc., Imperium Technology, Inc., N-PAX Cebu Corp.; Tsukiden Software Philippines Group; and WeServe Systems International Inc.
SODEC is recognized as one of the most important trade exhibitions for software development engineers and designers in Japan. This year, it will feature 1,800 exhibitors and is expected to generate some 125, 000 trade visitors.
Many Japanese companies have contracted Philippine IT firms for critical IT solutions like ATM system management and other banking and finance functions. -- Katrina Mennen A. Valdez
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