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IT-BPM bullish on jobs, revenue growth
Manila Bulletin
|April 30, 2025
A leading group of information technology and business process management (IT-BPM) firms anticipates that the industry’s revenues will rise to $40 billion this year, driven by strong demand for the service sector despite recent economic upheavals.
IT and Business Process Association of the Philippines (IBPAP) President and Chief Executive Officer (CEO) Jack Madrid said the industry will reach the revenue level by the end of 2025, five-percent higher than the $38 billion it generated last year.
At the same time, he said the industry is expected to pass the two-million mark in terms of employment “within 12 to 18 months.”
Madrid said the population milestone is their “baseline target,” but he said reaching the “aggressive target” is his ultimate goal for the industry.
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