IT-BPM sector to hit $25B 2016 revenue target

The information technology and business process management (IT-BPM) sector of the country is “on track” to meet its goal of $25 billion in revenue and 1.3 million jobs by end-2016, a contribution of 7 percent to 7.5 percent of the Philippines’ gross domestic product for the year, according to an industry group.

Benedict Hernandez, chairman of the executive committee of the IT and Business Process Association of the Philippines (iBPAP), said that they are on track to achieve the goals indicated on the IT-BPM Roadmap 2012-2016.