India remains most preferred destination for GCCs: report – Times of India
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According to the quarterly report released on Friday, India commands over 50% of the GCC market with a mix of unique talent and a robust startup system, and the country remains the most preferred destination to set up a GCC.
The study also revealed that nearly 80% of GCCs were directing their focus on Artificial Intelligence, Machine Learning, and Data Analytics.
“We are witnessing a transformative shift in the Global Capability Centres landscape, with a strong focus on digital capabilities such as AI/ML, analytics, and cyber security driving unprecedented growth,” said ANSR co-founder Vikram Ahuja. As per the findings, Bengaluru and Hyderabad have solidified their presence in GCCs with 30% and 19%, respectively followed by Delhi 15%, Mumbai 12%, Pune 10%, and Chennai 9%. As businesses aim to leverage India’s skilled workforce and favourable economic conditions, the GCC sector, valued at $46 billion, is forecast to surge to $110 billion by 2030, it said.
This growth trajectory is expected to employ over 4.5 million professionals across 2,400 Global Capability Centres. agencies