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Shift in Philippine outsourcing sector toward specialized GCCs

The Philippine outsourcing sector is shifting toward smaller, specialized global capability centers (GCCs) rather than traditional large-scale business process outsourcing, with GCCs accounting for 39% of IT-BPM office demand. This structural transformation reflects multinational companies increasingly establishing in-house operations in the Philippines, with the GCC market projected to reach $55.59 billion by 2030 at a 9% annual growth rate.