Asia-Pacific processing services to grow at 8% a year

IDC forecasts the processing services market to grow at a compound annual growth rate (CAGR) of approximately 8% from 2006-2010 and generate more than $21 bln in revenues by 2010. Processing services amounted to about $14 bln in 2005 and is forecast to reach almost $16 bln by end of 2006. In April 2006, IDC released its APEJ BPO report which showed BPO reaching approximately $6 bln in 2005 and estimated to exceed $14 bln by 2010. Even though BPO is two to three times smaller than processing services, IDC forecasts that BPO will grow at a CAGR of about 18% from 2006 to 2010.