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Home Asia News India’s Global Capability Centers Market Estimated to Reach US$110 Billion by 2030

India’s Global Capability Centers Market Estimated to Reach US$110 Billion by 2030

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India’s Global Capability Centers Market Estimated to Reach US$110 Billion by 2030

India’s global capability centers (GCCs), pivotal to multinational corporations for services like IT, R&D, and digital innovation, are thriving despite global economic challenges. With over 1,800 GCCs employing 1.3 million, India leads globally with cities like Bengaluru, Hyderabad, and Delhi NCR being prime destinations. Forecasted to grow significantly, the GCC market in India could reach US$110 billion by 2030. These centers, transforming from cost-saving units to revenue generators, drive sectors like AI and cybersecurity, benefitting from India’s skilled workforce, supportive policies, and expanding infrastructure. Tier-2 cities are also emerging as attractive locations, offering cost advantages and talent. GCCs are integral to India’s tech landscape, fostering collaboration with startups and enhancing innovation across emerging technologies like AI and cloud computing.