The shared services market is expected to grow at a CAGR of 17% by 2024, the emergence of robotic process automation is a major trend to fuel the market growth

Shared Services Market: Segmentation Analysis

The shared services market is segmented by application (F&A, IT, SCM, HR, and CRM) and geography (North America, EuropeACPA, South Americaand MEA)

  • Regional Highlights – 35% of market growth will come from North America during the forecast period. The United States is the key market for shared services in North America. Market growth in this region will be faster than market growth in South America and MEA regions.
  • Revenue Generating Segment – Growth in the market share of shared services by the F and A segments will be important for revenue generation. Shared services for finance and accounting as a key function for most organizations. As a result, shared services in the M&A domain are widely adopted by leading organizations.

Shared services market: major growth driver

  • The major factors driving the growth of the shared services market are reducing costs and increasing business efficiency.
  • Cost reduction is one of the major factors responsible for the implementation of SSCs in organizations. However, many organizations want to improve their business performance, speed of service delivery, and quality by implementing the shared services model.
  • The shared services model helps reduce costs as it connects different business units through a centralized SSC which helps reduce errors and information redundancy. Additionally, organizations can reduce expenses by implementing the shared services model on a single IT platform that will operate across different functional levels, including processes such as finance, HR, marketing, and operations.

Shared Services Market: Major Vendors Analysis

The shared services market is fragmented and vendors are deploying organic and inorganic growth strategies to compete in the market. The Shared Services Market report also offers information on several vendors in the market including Accenture Plc, Capgemini SE, Cognizant Technology Solutions Corp., Deloitte Touche Tohmatsu Ltd., Genpact Ltd., Infosys Ltd., International Business Machines Corp. , SAP SE, Tata Consultancy Services Ltd. and Wipro Ltd., among others.

  • Accenture SA – The company offers a broad portfolio of vendor management services, including shared services, end-to-end source-to-pay processing, vendor integration into production planning, and collaborative product design services.
  • To know all the offers of the main suppliers –Click now!

Reasons to Buy Shared Services Market Report:

  • Market CAGR over the forecast period 2021-2025
  • Detailed information on the factors that will contribute to the growth of the shared services market over the next five years
  • Estimation of the shared services market size and its contribution to the parent market
  • Predictions on upcoming trends and changes in consumer behavior
  • The growth of the shared services market through North America, EuropeACPA, South Americaand MEA
  • Market Competitive Landscape Analysis and Detailed Vendor Information
  • Comprehensive details of the factors that will challenge the growth of the Shared Services Market vendors

The competitive scenario predicted in the Shared Services Market Report analyzes, evaluates and positions companies according to various performance indicators. Some of the factors taken into consideration for this analysis include the financial performance of companies over the past few years, growth strategies, product innovations, new product launches, investments, market share growth, etc. Don’t wait, take a strategic approach and boost your business goals with our Shared Services Market Forecast Report – Buy now!

Related Reports –

Shared Services Market Scope

Report cover

Details

Page number

120

base year

2019

Forecast period

2020-2024

Growth momentum and CAGR

Accelerate at a CAGR of 17%

Market Growth 2020-2024

$152.38 billion

Market structure

Fragmented

Annual growth (%)

15.52

Regional analysis

North America, Europe, APAC, South America and MEA

Successful market contribution

North America at 35%

Main consumer countries

United States, China, United Kingdom, Germany, India and France

Competitive landscape

Leading companies, competitive strategies, scope of consumer engagement

Profiled companies

Accenture Plc, Capgemini SE, Cognizant Technology Solutions Corp., Deloitte Touche Tohmatsu Ltd., Genpact Ltd., Infosys Ltd., International Business Machines Corp., SAP SE, Tata Consultancy Services Ltd. and Wipro Ltd.

Market dynamics

Parent market analysis, market growth drivers and barriers, analysis of fast growing and slow growing segments, impact of COVID 19 and future consumer dynamics, and analysis of market conditions for the forecast period.

Personalization area

If our report does not include the data you are looking for, you can contact our analysts and get custom segments.

Contents

Summary

Market landscape

  • Market ecosystem
  • Value chain analysis

Market sizing

  • Market definition
  • Market segment analysis
  • Market size 2019
  • Market Outlook: Forecast for 2019 – 2024

Five forces analysis

  • Summary of the five forces
  • The bargaining power of buyers
  • Bargaining power of suppliers
  • The threat of new entrants
  • The threat of substitutes
  • Threat of rivalry
  • Market state

Market segmentation by application

  • Market segments
  • Comparison by application
  • M&A – Market size and forecast 2019-2024
  • IT – Market size and forecast 2019-2024
  • SCM – Market size and forecast 2019-2024
  • HR – Market size and forecast 2019-2024
  • CRM – Market size and forecast 2019-2024
  • Market Opportunity by Application

Customer landscape

Geographic landscape

  • Geographic segmentation
  • Geographic comparison
  • North America – Market size and forecast 2019-2024
  • Europe – Market size and forecast 2019-2024
  • APAC – Market size and forecast 2019-2024
  • South America – Market size and forecast 2019-2024
  • MEA – Market size and forecast 2019-2024
  • Main leading countries
  • Market Opportunity by Geography
  • Volume Driver – Demand Driven Growth
  • Market challenges
  • Market trends

Supplier Landscape

  • Insight
  • Landscape disturbance

Vendor analysis

  • Suppliers Covered
  • Positioning on the supplier market
  • Accenture Plc
  • Capgemini SE
  • Cognizant Technology Solutions Corp.
  • Deloitte Touche Tohmatsu Ltd.
  • Genpact Ltd.
  • infosys ltd.
  • International Business Machines Corp.
  • SAP SE
  • Tata Consultancy Services Ltd.
  • Wipro Ltd.

Annex

  • Report scope
  • Currency conversion rates for the US dollar
  • Research Methodology
  • Abreviations list

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