State of the Market
Global In-house Center (GIC) Landscape Annual Report 2015
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Background and Context
The global sourcing market witnessed rapid growth in 2014 and reached ~US$150 billion. While the buyers leveraged various sourcing models to meet their sourcing objectives, the in-house model continued to be an integral component of this evolution.
The success of the Global in-house Center (GIC) model in India and Philippines has led buyers to explore other locations. While both these countries continue to lead the GIC activity, companies also established GICs in other parts of Asia, Central and Eastern Europe (CEE), Latin America, and Middle East and Africa (MEA). Besides diversifying geographically, the GIC model has also been adopted across various verticals and functions.
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