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DALLAS, July 30, 2024 — Everest Group has released its in-depth report evaluating the nation’s potential as a location for offshore global services. For IT, BP and ER&D-focused ventures looking to expand their offshore locations for global business services, the research found that Egypt proves a fertile ground.
Source: Magellan Solutions In 2023, global outsourcing spending may reach US$731 billion, according to Deloitte’s Outsourcing and SharedServices 2019-2023 Report. It is predicted that the rate of growth of business process outsourcing will be higher than 9% each year until 2030.
From Engineering and R&D to SharedServices, India has become a hub for offshoring, often functioning as the nerve center in hub-and-spoke models. As we look to the future, Zinnov estimates suggest that the number of global roles in India will touch a massive 30,000 by 2030.
Source: Magellan Solutions In 2023, global outsourcing spending may reach US$731 billion, according to Deloitte’s Outsourcing and SharedServices 2019-2023 Report. It is predicted that the rate of growth of business process outsourcing will be higher than 9% each year until 2030.
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