• 3,000 firms
  • Independent
  • Trusted
Save up to 70% on staff

News » Philippine Outsourcing Industry Hopeful About 2019

Philippine Outsourcing Industry Hopeful About 2019

Analyzing business growth
Analyzing business growth

The Information Technology and Business Process Association of the Philippines (IBPAP) said it remains hopeful about 2019 even though the industry failed to reach its 2017 and 2018 targets. IBPAP chairman Lito T. Tayag said the organization will issue a revised version of its medium-term industry plan in September. The Roadmap 2022, which serves to guide the industry, lays out the IBPAP’s goals for the various subsectors of the IT-BPM industry. Among the roadmap’s original goals were the direct and indirect employment of 7.6 million people and revenue of US$40 billion.

Tayag explained that 2017 was not a good year for the industry, while 2018 did not meet its projections. The sector’s revenue increased by 4% to 5% to US$24.8 billion, IBPAP president Rey E. Untal said in May, the same month the IBPAP revealed its plans to reduce its Roadmap 2022 yearly revenue projections. The possible US outsourcing ban and the uncertainty surrounding the Philippine tax reform have affected the country’s outsourcing industry. The government’s ban on the development of economic zones in Metro Manila is also expected to result in reduced investment in the industry.

Read more here.

Start your
journey today

  • Independent
  • Free
  • Transparent

About OA

Outsource Accelerator is the trusted source of independent information, advisory and expert implementation of Business Process Outsourcing (BPO)

The #1 outsourcing authority

Outsource Accelerator offers the world’s leading aggregator marketplace for outsourcing. It specifically provides the conduit between Philippines outsourcing suppliers and the businesses – clients – across the globe.

The Outsource Accelerator website has over 5,000 articles, 350+ podcast episodes, and a comprehensive directory with 900+ BPO companies… all designed to make it easier for clients to learn about – and engage with – outsourcing.

About Derek Gallimore

Derek Gallimore has been in business for 20 years, outsourcing for over eight years, and has been living in Manila (the heart of global outsourcing) since 2014. Derek is the founder and CEO of Outsource Accelerator, and is regarded as a leading expert on all things outsourcing.

“Excellent service for outsourcing advice and expertise for my business.”

Learn more
Banner Image
Get 3 Free Quotes Verified Outsourcing Suppliers
3,000 firms.Just 2 minutes to complete.
SAVE UP TO
70% ON STAFF COSTS
Learn more

Connect with over 3,000 outsourcing services providers.

Banner Image

Transform your business with skilled offshore talent.

  • 3,000 firms
  • Simple
  • Transparent
Banner Image