EMPLOYMENT NUMBERS ALSO GREW, UP BY 8.4%
IT-BPM sector’s 2022 revenues hit $32.5B, beat target
The IT and Business Process Association of the Philippines (IBPAP) on Tuesday said that the local IT and Business Process Management (IT-BPM) sector saw its revenues grow by 10 percent to $32.5 billion in 2022, exceeding the target in the industry roadmap.
IBPAP also said the number of full-time employees grew by 8.4 percent in 2022, bringing the industry’s total headcount to 1.57 million people.
The key industries that drove growth in 2022 are tech, retail, health care, banking, financial services and insurance (BFSI), and telecommunications. INQ
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