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Local BPO Body Optimistic on 2016 Growth Projections

by: Sarah Joson

Tuesday, March 18, 2014 |

During the ICT Awards last March 13, Gillian Joyce "Gigi" Virata, Senior Executive Director of the IT-Business Process Outsourcing Association of the Philippines (BPAP) said for the 2016 onwards, a 15-percent growth for the information technology-business process management (IT-BPM) of the Philippines is achievable.

The official cited the global study done by KPMG a few years back which was based on a longer term outsourcing trend. The study is in line with the timeframe of the current BPO roadmap, which ends in 2016. It further stated that a 15-percent growth rate is feasible starting 2016.

However, she said they would first need to validate the figures since high-value technical services are now being offered by the local outsourcing industry. She added that these things are crucial, particularly because of factors such as global environment which can affect the growth rate.

The 15-percent annual growth for 2016 onwards may be deemed slower, but this is normal because the base is already high.

Meanwhile, BPAP is working on plotting the 2020 Roadmap for the IT-BPM sector of the Philippines.

The 2016 roadmap is eyeing P25 billion in revenues and 1.3 million jobs.


Source:
http://www.mb.com.ph/

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