Indian Outsourcing expected to grow 23.2 percent

By Freddie Pierce
Written BY: k.scarpati The business process outsourcing market in India continues to grow, according to a report from Gartner, Inc. The BPO market in I...

Written BY: k.scarpati

The business process outsourcing market in India continues to grow, according to a report from Gartner, Inc. The BPO market in India totaled $1.139 billion in 2010, a 28.6 percent increase from 2009, and is expected to reach $1.4 billion in 2011.

That predicted 23.2 percent increase is expected to continue climbing well into the decade, according to the report, where the outsourcing market figures to increase to $2.47 billion in 2014. That figure would have more than doubled the current Indian outsourcing market.

“Changing demographics, increasing affluence and economic growth in Asia/Pacific continues to drive shared services and BPO adoption, especially in Australia, India, Southeast Asia and China,” T.J. Singh, research director at Gartner, said.

“There is growing demand for multicountry shared services and BPO services within Asia/Pacific. Buyers continue to invest in services that deliver scalable, high quality and consistent services across their geographical presence.”

SEE OTHER TOP STORIES IN THE WDM CONTENT NETWORK

What the Communication Supply Chain Means for your Business

Apple iPad 2: The Most Successful Apple Launch Ever?

The Best Trucking Movies of All Time

Be sure to check out the latest issue of Supply Chain Digital!

Despite the rapid expansion, India is only the second largest BPO market in the world, according to the report. The country with the largest business process outsourcing market is Australia, which is more than three times as large as the BPO market in India.

Banking and financial services, communications, government, technology and travel and transportation were the largest BPO services consumers in the region. Singh says that global and regional mergers have contributed to India’s outsourcing growth.

“There was significant consolidation in the global and regional BPO market in 2009 and 2010 with some large merger and acquisition deals impacting the regional BPO service provider landscape,” Singh said.

Share

Featured Articles

IBM: Supply Chain Data is Sustainability 'Blockage'

IBM study highlights sustainability disconnect between intention and impact, with 76% of execs agreeing it's crucial but just 30% making much progress

Heineken Toasts Success of Supply Chain Transformation

Digital transformations have a notoriously high failure rate but not so at Heineken, who has transformed its European logistics operations to great effect

GEP's Procuretech Advice, as new Scope 3 Reporting Laws Loom

GEP issues advice around mandatory Scope 3 reporting, an issue that will figure large at Sustainability LIVE: Net Zero, being held in London

Cainiao: The World's Largest Ecommerce Logistics Provider

Operations

FedEx Express Opens Singapore Logistics HQ

Logistics

Supply Chain Problems Sees Partnerships Programme Grow

Operations