Outsourced Global Capability Centers Market Unveils Latest Product Line to Meet Growing Demands
The Outsourced Global Capability Centers Market Size was valued at USD 20.14 billion in 2023 and is expected to reach USD 78.71 billion by 2032 and grow at a CAGR of 14.79% over the forecast period 2024-2032.
The Outsourced Global Capability Centers (GCCs) Market is expanding rapidly as companies leverage GCCs for cost-efficient operations and access to global talent. These centers focus on functions such as IT services, customer support, R&D, and back-office operations.
Key growth drivers include the need for operational efficiency, digital transformation initiatives, and the rise of remote work. Countries like India, the Philippines, and Eastern European nations remain popular destinations for outsourced GCCs due to their skilled workforce and favorable business environments.
Trends shaping the market include the adoption of AI and automation in GCC operations, the shift towards value-added services like analytics and innovation, and the establishment of GCCs in tier-2 and tier-3 cities to tap into untapped talent pools. The market will continue to grow as businesses prioritize agility and scalability through outsourcing.
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