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The base in terms of headcount being roughly 400,000 people directly employed in this Industry. [citation needed] The global BPO Industry is estimated to be worth 120–150 billion dollars, of this the offshore BPO is estimated to be some US$11.4 billion. India thus has some 5–6% share of the total Industry, but a commanding 63% share of the ...
The BPO industry and IT services industry in combination are worth a total of US$154 billion in revenue in 2017. [34] The BPO industry in the Philippines generated $22.9 billion in revenues in 2016, [35] while around 700 thousand medium and high skill jobs would be created by 2022. [citation needed] In 2015, official statistics put the size of ...
In 2006, its employee strength reached 10,000 and its name was changed from Progeon Limited to Infosys BPO Limited. It was renamed to Infosys BPM Limited in 2018. [5] In 2019, Infosys BPM formed a joint venture with Hitachi, Panasonic and Pasona. Infosys took an 81% stake in the new company, HIPUS Co. Ltd, which was aimed at providing digital ...
Back office workers at a company in London. A back office in most corporations is where work that supports front office work is done. The front office is the "face" of the company and is all the resources of the company that are used to make sales and interact with customers and clients.
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] Growth in the BPO industry continues to show significant improvements with an average annual expansion rate of 20%.
The KPO industry is different from the BPO in the respect of that the former is more resilient to artificial intelligence (AI) and automation. With the 4th Industrial Revolution, it is estimated that most job losses will occur in low value-added contact center (“voice”) and other BPO services.
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