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Malaysia's GBS Revenue To Hit US$3.4 Bln In 2017

KUALA LUMPUR, Sept 17 (Bernama) -- Malaysia's Global Business Services (GBS) industry is set to post 15 per cent compound annual growth rate (CAGR) with revenue hitting US$3.4 billion in 2017 as compared with US$1.7 billion in 2012.

The GBS industry, formerly known as the shared services & outsourcing (SSO) industry, will be driven by the country's continued ability to provide cost savings for buyers and capacity to serve the global market.

With Asia Pacific accounting for the largest share of 36 per cent of the industry out of the global total of US$670 billion, there is room for Malaysia to grow, Outsourcing Malaysia (OM) Chairman David Wong Nan Fay said today.....