GCC in Retail and Consumer Goods Market expected to reach USD 76.9 billion by 2032.
From GlobeNewswire: 2025-03-19 10:00:00
The GCC in the Retail and Consumer Goods Market was valued at USD 19.1 Billion in 2023, expected to reach USD 76.9 Billion by 2032, with a CAGR of 15.1% from 2024-2032. Major players include Accenture, TCS, Wipro, and IBM among others. GCCs drive growth through digital solutions and omnichannel integration.
Automation and AI are transforming retail operations by optimizing inventory, improving customer interactions, and enhancing supply chain efficiency. AI-based algorithms forecast demand, chatbots provide automated customer service, and RPA automates logistics. Accenture’s acquisition of Joshua Tree Group in 2024 will boost AI-driven automation in warehouses, driving market growth.
The Food & Beverage sector dominates the GCC market with a 48% share due to the need for efficient supply chain management and digital innovation. Fashion & Apparel and Home Goods segments are also adopting data-driven logistics and consumer engagement strategies. Large enterprises lead the market with a 32% share, leveraging GCCs for digital transformation and operational efficiency.
Supply Chain Management holds a 38% share in the GCC market, focusing on real-time tracking, inventory optimization, and AI-driven demand forecasting. GCCs help automate logistics, improve operational efficiency, and enhance supply chain operations under dynamic market conditions. Asia Pacific leads the market with a 56% share, driven by cost advantages and a skilled workforce.
Asia Pacific, particularly India and the Philippines, attract GCC operations with tax benefits and government programs like India’s GCC 2.0. India hosts over 1,400 GCCs, contributing over USD 35 billion to the economy with an 11% YoY growth rate. Government support and efficient operations make Asia Pacific a top choice for multinational corporations to establish GCCs. The Global Capabilities Centre in the Retail and Consumer Goods Market offers segmentation by customer and service, regional analysis, company profiles, use cases, and best practices. To access the complete report, visit https://www.snsinsider.com/reports/global-capabilities-centre-in-the-retail-and-consumer-goods-market-4734. For more information or customization, contact [email protected]. SNS Insider offers consulting services like Go To Market Assessment, Total Addressable Market Assessment, and Competitive Benchmarking. SNS Insider is a leading market research and consulting agency providing clients with current, accurate market data and insights globally for confident decision-making.
Read more at GlobeNewswire: GCC in the Retail and Consumer Goods Market Size to Surpass