IJE Software logoIJEsoft
ServicesPortfolioPricingAboutCase StudyStackNewsBlogPartnerPH NewsMarketsContactGet in touch
← Back to Philippines Business News
PhilStar Business

IT-BPM industry sees revenue exceeding $50 billion by 2028

The Information Technology and Business Process Association of the Philippines is optimistic that industry revenues will cross the $50 billion mark by 2028, even as it cited the need to address talent supply and ease of doing business challenges.

Context & Analysis

The Philippine IT-BPM sector has moved well beyond telephone support and back-office processing. Today it includes data analytics, cybersecurity, cloud migration, healthcare operations, financial services, legal process outsourcing, and customer experience design. That breadth is why the industry’s growth trajectory matters to the wider economy. It earns dollars, creates urban jobs, raises professional wages, and feeds spending in real estate, food, transport, education, and retail. A stronger sector also gives the country a more resilient source of foreign-currency income, which can help stabilize the peso and cushion the impact of slower global growth or weaker commodity exports.

The challenge is that this kind of expansion is not self-sustaining. Companies need workers who can combine English fluency with data literacy, cloud skills, cybersecurity awareness, and domain knowledge in finance, health, legal, or engineering. As clients adopt AI and automation, the entry-level “seat” model will change. Firms will increasingly demand people who can manage machines, interpret outputs, handle exceptions, and provide higher-value judgment. If schools, apprenticeship programs, and employer training cannot keep pace, the industry may face wage pressure, labor shortages in specialized roles, or slower project wins against competing destinations.

Regulatory and business-environment issues also matter. Clients evaluate not only cost but reliability: power stability, internet resilience, data-privacy rules, cross-border data flows, tax treatment, work permits, and permitting for offices and shared workspaces. Small changes in policy can affect where companies locate teams or whether clients expand their Philippine spend. The sector’s next growth phase will likely depend less on adding more basic service centers and more on moving into higher-margin services such as cybersecurity, cloud engineering, data management, and AI-enabled process improvement.

For businesses and investors, the watch items are clear: whether public policy supports digital infrastructure and workforce upskilling; whether companies can retrain staff for hybrid human-AI roles; and whether Philippine providers can win more complex, high-value contracts rather than competing mainly on price.

Analysis by IJE Software — original commentary on the story above.

This is an excerpt. Read the full article at the original source:

Source: philstar.com

More from PhilStar Business

Bayan Family of Foundations, Benilde advance opportunities for the deaf

9h ago

Beyond the mine: A rehabilitation journey

9h ago

BSP sets P1 billion capital floor for banks shifting to digital model

9h ago

‘Meaningful difference key to brand growth’

9h ago

Your Daily Briefing

AI business companion — delivered every morning

Markets, PH news, financial insights, and devotionals — curated by AI and sent at 7 AM PHT. Pick your topics below.

Devotionals
Blog Topics
HR & Workforce
Real Estate & Property
News & Markets

1 topic selected