IT-BPM revenues to hit $40 billion

The country’s information technology and business process management (IT-BPM) sector is on track to reach $40 billion in revenues this year as investor confidence in the industry remains robust despite the looming threat of the United States’ (US) tariff policy.

- By DEXTER BARRO II

IT and Business Process Association of the Philippines (IBPAP), the country’s leading IT-BPM group, said the projected growth in 2025 is five-percent higher than the $38 billion the industry recorded last year. IBPAP is also projecting a four-percent growth in employees, from 1.82 million in 2024 to 1.9 million this year.

IBPAP President and Chief Executive Officer (CEO) Jack Madrid is confident that the local industry will reach these numbers as it has yet to see any direct impact from the protectionist policies of the US.