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Philippine BPO expects 26% growth this year

The Philippine Business Process Outsourcing (BPO) industry is expecting a very strong performance ahead, with 26% growth this year.

 
 
Visit Magellan Solutions web site to know the BPO services in the Philippines
Visit Magellan Solutions web site to know the BPO services in the Philippines
PRLog - Jun. 28, 2010 - Thanks to the recovery from the global economic downturn, the business process outsourcing industry (BPO) in the Philippines is targeting 26 percent growth this year and projecting $9.5 billion in revenues.

According to Ray Anthony Roxas-Chua, chairman of the country’s Commission on Information and Communications Technology (CICT), the demand for outsourced services will continue to grow globally because companies seek for ways to reduce costs without sacrificing quality.  He said the challenge now is to develop more talent for the industry, encourage new investors and remain competitive.

It has been noted that the Philippine BPO sector increased by 17 percent in 2009, hauling in $7.2 billion in earnings. The industry itself accounted for about 5 percent of the GDP employing more than 400,000 people.

The country has provided call center services, front and back-office support to businesses in the United States, which accounts for 70-80 percent of its market share.

In all, the Philippines accounts for 15 percent of the offshore BPO market.

For more information about the BPO services in the Philippines, visit http://www.magellan-solutions.com.

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Magellan Solutions Outsourcing Inc is an expanding Philippine-based contact center providing high-quality offshore call center solutions to small-to-medium businesses, entrepreneurs and professionals worldwide. It offers inbound and outbound services.

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Contact Email:
***@magellan-solutions.com Email Verified
Source:Magellan Solutions
Phone:+6 32 722 6772
Zip:1502
State/Province:Metro Manila - Philippines
Industry:Business, Services, Government
Tags:philippine bpo, business process outsourcing, call center, call center services
Last Updated:Jun 28, 2010
Shortcut:prlog.org/10762976
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