IT-BPM industry eyes 1.84 M jobs this year

The Information Technology and Business Process Management (IT-BPM) is targeting to exceed 1.84 million jobs this year.

- CATHERINE TALAVERA

According to Information Technology & Business Process Association (IBPAP) president and CEO Jack Madrid, the ITBPM closed 2023 with 1.7 million direct employment, an eight percent increase from the previous year.

In addition, the industry generated over $35 billion worth of revenues for the economy last year.

"And in 2024, I have more good news, we project to grow another seven to eight percent.

So we should cross 1.8 million jobs, in fact 1.84 million, and $39 billion in revenue for 2024," Madrid said.

Madrid added that the industry is expected to cross the two million jobs level in 2025.

"And, you know that's quite significant. It took over 10 years or maybe almost 20 years to hit one million jobs and we're attempting to do the second million in less than six. So it's really quite a feat," he said.