News » Philippines IT-BPM sector targets 14% global market share by 2022

Philippines IT-BPM sector targets 14% global market share by 2022

Philippines IT-BPM sector

Despite rising challenges to the industry, the Information Technology and Business Process Association of the Philippines (IBPAP) aims to increase the global market share of the country’s IT-BPM sector to 14% by 2022. IBPAP President and CEO Rey Untal made the pronouncement, saying it is realistic to achieve a 3% increase in market share in the next five years. In 2016, the country’s IT-BPM sector held 11% global market share. Untal added that the forecast will require a revenue growth of 9% and headcount growth of 8%. The figures, however, are down from the previous projection of 14% to 17%. Untal stressed that growth in the next five years will be different, considering that the sector’s employee base has already reached 1.2 million as of 2016. IBPAP earlier forecast the industry to generate as much as USD39bn in revenue by 2022.

Read more here.

Start your
journey today

  • Independent
  • Free
  • Transparent

About OA

Outsource Accelerator is the trusted source of independent information, advisory and expert implementation of Business Process Outsourcing (BPO)

The #1 outsourcing authority

Outsource Accelerator offers the world’s leading aggregator marketplace for outsourcing. It specifically provides the conduit between Philippines outsourcing suppliers and the businesses – clients – across the globe.

The Outsource Accelerator website has over 5,000 articles, 350+ podcast episodes, and a comprehensive directory with 900+ BPO companies… all designed to make it easier for clients to learn about – and engage with – outsourcing.

About Derek Gallimore

Derek Gallimore has been in business for 20 years, outsourcing for over eight years, and has been living in Manila (the heart of global outsourcing) since 2014. Derek is the founder and CEO of Outsource Accelerator, and is regarded as a leading expert on all things outsourcing.