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With the Philippines being the 39th largest economy in the world, the country continues to be a promising prospect for the BPO Industry. In August 2014, the Philippines hit an all-time high for employment in the BPO industry. From 101,000 workers in 2004, the labor force in the industry grew to over 930,000 in just the first quarter of 2014. [7]
A Teletech BPO site in Cainta, Rizal. Call centers began in the Philippines as providers of email response and managing services then broadened to industrial capabilities for almost all types of customer relations, ranging from travel services, technical support, education, customer care, financial services, online business-to-customer support, and online business-to-business support.
The BPO industry in the Philippines generated $26.7 billion in revenues in 2020, [211] while around 700 thousand medium and high skill jobs would be created by 2022. [ 212 ] In 2015, official statistics put the size of the total outsourcing industry in China, including not only the BPO industry but also IT outsourcing services, at $130.9 billion.
India, China and the Philippines are major powerhouses in the industry. In 2017, in India the BPO industry generated US$30 billion in revenue according to the National Industry Association. [30] The BPO industry is a small segment of the total outsourcing industry in India. The BPO industry workforce in India is expected to shrink by 14% in 2021.
He was named 'Father of the Business Process Outsourcing (BPO)' market in the Philippines, particularly call center operations, by industry stakeholders. [30] From starting out with a mere 2000 jobs at the onset, the IT/BPO industry now provides over a million jobs in the Philippines.
ACS is the first publicly listed call center in the Philippine Stock Exchange. [1] Its parent company is Paxys Solutions Corp. [2] Also, ACS is an ISO 9001:2000 Quality Systems Certified. ACS provided services to companies in the United States, Canada, Australia, United Kingdom, and the Philippines. [citation needed]
Philippine Cyber Corridor. The Philippine Cyberservices Corridor is a plan that is being pursued by the government of the Philippines to create interconnected centers of technology-related services, that are spread out all over the country. Services include business process outsourcing, medical transcription, outsourcing of animation, and the like.
Enshored, like many companies in the BPO industry, runs its operations in the Philippines. The Philippines BPO sector had a revenue target of US$25.5 billion and 1.4 million people employed for 2017. [2] Additional related 2018 figures for the country Business Process Management (BPM) indicates a US$14.6 billion revenue and 890 thousand employees.