Phl IT-BPM Seen Outpacing Global Industry Growth This Year

The Philippine information technology - business process management (IT-BPM) industry expects to grow faster than the global industry in terms of revenue and headcount this year.

- Louella Desiderio

Information Technology and Business Process Association of the Philippines (IBPAP) president Jack Madrid told reporters that the sector sees its revenues and employee count growing faster than the global industry growth of three percent this year.

Madrid said the country's IT-BPM industry expects to generate $40 billion worth of revenues this year, five percent higher than last year's $38 billion.

He said headcount is also expected to rise by four percent to 1.9 million in 2025 from 1.82 million in 2024.

"(This) shows that yet again, the Philippines is leading the growth of this industry," he said.