How big is the BPO industry in the Philippines?
The BPO sector in the Philippines is the largest private employer in the country, generating about 1.3 million direct jobs in 2017. This is expected to exceed 1.7 million in the next few years.
What is the number 1 BPO in the Philippines?
1. Accenture. Accenture is the Number One BPO company in the Philippines. It is an international company founded in Dublin, Ireland.
How big is the BPO industry?
The revenue of the global BPO industry amounted to 26 billion U.S. dollars in 2019. The largest share of global outsourcing revenue was generated in the Americas, at 62 billion U.S. dollars in 2019.
What are the top BPO trends?
Trend 1 – New Technologies are Emerging. Emerging technologies such as cloud computing, social media, software, and automation are being used by BPOs to reduce costs and accelerate growth. This trend will continue in 2021.
Is BPO dead?
Traditional BPO is dead. Yet the need to reinvent business operations is more paramount than ever.
The BPO (Business Process Outsourcing) industry plays a vital role in the emerging economy of the Philippines, and contributes over 11% to the GDP. It is the single largest sector, employs over 1.2 million people, spread across some 700 outsourcing companies.
How many people work in the IT industry in the Philippines?
The IT-BPO industry currently employ 1.13 million Filipinos, making it the largest private employer of white-collar workers. The number of jobs has increased by more than 1000 percent since 2004. Creation of an additional 654,000 jobs is expected in the sector by 2022.
How big is the outsourcing industry in the Philippines?
In 2016, the Philippines generated revenues of $25 billion, which is up 62% over the $21.5 billion it gained in 2015, and a huge increase from the start of the decade when the outsourcing industry in Manila employed just 2,400 people and the industry had revenues of merely $24 million.
Which is the fastest growing industry in the Philippines?
The IT-BPO Industry in the Philippines Information Technology-Business Process Outsourcing (IT-BPO) is the fastest growing industry in the Philippines today. It boasts a steady growth in revenue with an average of 9% yearly and covers about 10-15% market share of the global outsourcing market.