Call Center Growth Rate in India , BPO Support Center

India has been surfaced as the hottest destination to place call center over a period of time. With costs running less than 50% of what they do in the United States and Europe, India has sprouted a call-center work force of about 150,000 people.


Indian Market size estimates of BPO

  • As on March 31, 2003, the sector employed 171,000 professionals. It has $1 billion invetsed in it, creating about 100,000 smart cubicles in 7.5 million saq ft of space. It generated revenues of $2.3 billion in 2002-03.
  • Nasscom has estimated that the Indian ITES industry will gross over $5.7 billion by 2005 . The amount is said to be increased by a rate of 65% each year.
  • Nasscom-McKinsey: In 1999 they estimated by 2008 it will be $17 billion but it has been revised to $21-24 billion by 2008. Indian can capture 25% of global BPO offshore market .

Main Revenue Areas for Indian BPO companies

 

India's BPO Market in 2008
Service Line First Estimate (1999) Second Estimate (2001)
HR 5.4 3.5-4.0
Customer Care 4.1 8.0-8.5
Payment Services 2.9 3.0-3.5
Content Development 2.6 2.5-3.0
Administration 1.3 1.5-2.0
Finance 0.7 2.5-3.0
Figures in $ billion

 

Recent article: What is Call Center ? rss

 

Indian Call Center Industry
Call centers in India are prospering upon the upscale rise amongst the entrepreneurs who are trying to allure their customers through inbound and outbound calling facility. This concept raving in US have enabled many offshore call centers establishments, majorly is India. The quality of English is at par with the international standards. Indians are technically literate and comfortable with new technologies arising in the industry.

Indian call centers work round the clock and provide 24-hour support for the customers of these US based clients. From the concept of being just a voice based medium of customer support, today call centers are referred to as 'Contact Centers' which are capable of handling customer queries over phone or the online medium. Qualified professional talent with fluency in English and a neutral accent with the ability to shift to different accents have made India, a preferred destination for offshore clients.

Call center industry in India is projected at $142 billion by the year 2008 as per NASSCOM. With its built-in potency, India is advertised as the hot destination for 'offshore outsourcing hub'. The booming Indian call center industry is the benchmark of the changing global trend.

Reducing cost for business proceeding is the prime focus of the corporate houses. They realized that shifting their call-center operations to India would heavily cut down their costs. Business settlement laws were reviewed and it was easier for alien firms to settle in the Indian soils. The country produces technically sound work force with high standards of English.

The call center industry estimated to grow into $301 billion industry by 2010 is a sheer pleasure for the aspiring workforce in India. Call centers in India has also effectively developed a niche in the areas of data verification, data capture, tele research, service follow-ups and renewing subscriptions, which becomes the core outbound activities of a call center. Unless there is talented enough manpower to handle such queries, no business organization will make a move. Thus India have taken a leap step in call center industry, which in recent have been the home more developed nations like Australia, New Zealand, and European nation.