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IT-BPM industry still bullish on growth
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BusinessWorld Online
THE PHILIPPINE information technology and business process management (IT-BPM) industry is still bullish on growth, as it expects to generate $42 billion in export revenues and increase headcount to 1.97 million in 2026, an industry group said.
That is a growth of 4% and 5.3%, respectively,” he said at the International IT-BPM Summit on Tuesday.
Globally, GCCs are reshaping the IT-BPM industry, with its market expected to grow to $155 billion by 2027.
In particular, she said that the industry needs a law that is similar to the Regional Operating Headquarters (ROHQ) law.
TOO BIG TO FAILMeanwhile, Mr. Madrid said the IT-BPM industry, which makes up at least 8% of the economy, faces the challenge of remaining “indispensable.”“The Philippine IT-BPM industry is too big to fail.
['philippines'
'bullish'
'itbpm'
'billion'
'growth'
'ai'
'madrid'
'industry'
'gccs'
'law'
'companies']