by: Sarah Joson
Friday, August 12, 2011 | Outsourcing News |
Megaworld FVP for Business Development Jericho Go said, “As the local BPO industry is forecast to generate US$11 billion this year in revenues, up from $9 billion in 2010, the country’s first and largest cyberpark continues to help the industry grow faster.” With this expansion of facilities, Megaworld aims to help the local outsourcing industry in reaching its revenue goal of $25 billion by 2016.
The Philippines, currently the 2nd top business process outsourcing destination, is predicted to surpass India’s $12.4 billion BPO industry this year. Proof of this is the country’s compounded annual growth rate (CAGR) at 27.6% in 2008, compared to India’s 11.92%.
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