PH IT-BPM industry flourishes with projected US$40B revenue by 2022
Date:
January 10, 2017
The Information Technology and Business Process Association of the Philippines (IBPAP) foresees continuous growth for the country’s IT and Business Process Management Industry (IT-BPM) due to local and global business expansion. The IT-BPM, known as the local “sunshine industry”, is recognized for its world-class service, contributing to 10% of the economy and providing jobs for over a million Filipinos. With consistent annual revenue growth of US$18.9B in 2014, US$21.2B in 2015, and an expected US$25B by the end of this year, IBPAP predicts that the IT-BPM industry will achieve up to US$40B by year 2022.
IBPAP held its 8th International IT-BPM Summit (IIS) to celebrate the consistency of the IT-BPM’s success in the Philippines and to map out plans for the industry’s future. Promoting the theme, “Accelerate PH, Future-ready”, the summit gathered top influencers, industry representatives, and partners including co-presentor Globe Business, to discuss the strategies that will further expand the industry’s growth both locally and internationally.
The 8th IIS kicked off its two-day event with the launch of Roadmap 2022, which enabled partner associations and technical working groups to talk about its framework. Roadmap 2022 aims to accelerate IT-BPM’s future revenue by focusing on key subsectors such as contact centers & BPOs, health information management, IT & software development, animation/game development, and global in-house centers affected by the industry and on high-impact programs for certain segments. These include human capital, government support, inclusive growth, country competitiveness, SME and startups, as well as emerging technologies.
Globe Executives and Managers with the Shift 2016 Awards winners and Monchito Ibrahim, the Globe Business-IBPAP Sapphire Flare for Brilliance awardee.
Read more: https://goo.gl/gTP2yz
