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News & Articles
Economic Depressed, but BPO Service
With the breakout of global financial crisis, BPO belongs the few lines that can keep on increasing. Two huge BPO countries, India and Philippine predict that they will meet some hardship, but the western countries will look for more sourcing service to save working cost.
Insiders of Philippine BPO business predict that BPO business can reached an increment of 35% to 40%, annual revence 7,000 millions USD.
We are not the problems, but one part of providing solutions, said the president of BPAP when be visited recently.
Philippine BPO business evaluated, the upcoming business turnover can be reached an increment of approximately 40%, and will create 12 billions USD by 2010. By then, one million people will be hired, much more than this year of 300 thousands.
Traditionally, the period of depressed economy will be regarded as the business opportunities, since the western countries will outsource their tasks to some locations with comparatively low workforce.
India is the biggest BPO providers in the world, that takes more than half of the outsource business of the world although Philippine follows, the market share only has 10%.
The development of BPO services in India and Philippine creates job opportunities and revence, thus it is highly valued by their government.
Actually, financial crisis will bring more business to Philippine BPO service, said Santos, the business chairman of Global Industries Inc (CB Richard Ellis) in Philippine.
He added, you will find out more and more companies outsource their business to survive.
About 502 millions of office will be rented this year, 52% more than last year, evaluated by Santos.
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