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Shared services market increase at a CAGR of 16.55% to peak demand by 2021 according to new research report

The concept of shared services Market evolved to manage single or multiple functions of business units by sharing information and resources among the different business units of an organization. Shared service centers (SSCs) are offered by service providers to manage the functions of different business units within an organization. SSCs can be located anywhere across the globe depending on the business requirements of the clients. The analysts forecast global shared services market to grow at a CAGR of 16.55% during the period 2017-2021.

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The following companies as the key players in the global shared services market: Cognizant, Infosys, SAP, TCS, and Wipro.

Other Prominent Vendors in the market are: Accenture, Atos, Capgemini, CGI, Deloitte, EXL, Genpact, HCL, IBM, iGATE, Oracle, The Hackett Group, T-Systems, PwC, and ServiceNow.

Report at www.rnrmarketresearch.com/contacts/1160563


One trend in the market is advent of customized SSCs. Enterprises implement shared services to manage their functional departments such as finance, HR, marketing, and CRM.

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Enterprises setting up SSCs to manage their FSSC and HRSSC are gaining popularity in the market. Customized SSCs are designed to manage specific functions of different business units within a large organization.”

Shared Services Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years.

The report also includes a discussion of the key vendors operating in this market.

Report at www.rnrmarketresearch.com/contacts/?rname=1160563

According to the report, one driver in the market is cost reduction and increasing business efficiency. Cost reduction is one of the main factors responsible for the implementation of SSCs in organizations.

However, many organizations want to improve their business performance, the speed of service delivery, and quality by implementing the shared services model. The shared services model helps in saving costs as it connects different units of enterprises via a centralized SSC that helps to reduce errors and redundancy in information.

The report covers the present scenario and the growth prospects of the Global Shared Services Market For 2017-2021. To calculate the market size, the report considers the revenue generated from shared services offered by vendors in the market and the total contract value of deals on shared services across industry verticals.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA


Further, the report states that one challenge in the market is effective design and implementation of SSCs. The designing and implementation of SSCs require technical expertise and domain experts to assess the requirements of the clients.

SSCs should be carefully designed to fulfill business requirements specific to the clients. The implementation of SSCs requires CAPEX and IT systems to design the infrastructure.

Shared services can be seamlessly delivered to clients with the help of adequate and advanced IT infrastructure. SSCs manages a lot of complex transactional processes that require IT systems, which can reduce the complexities, error rates, as well as backup and recovery solutions.


Report at www.rnrmarketresearch.com/contacts/?rname=1160563


The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

Key vendors

  • Cognizant
  • Infosys
  • SAP
  • TCS
  • Wipro

Other prominent vendors

  • Accenture
  • Atos
  • Capgemini
  • CGI
  • Deloitte
  • EXL
  • Genpact
  • HCL
  • IBM
  • iGATE
  • Oracle
  • The Hackett Group
  • T-Systems
  • PwC
  • ServiceNow

Market driver

  • Cost reduction and increasing business efficiency
  • For a full, detailed list, view our report

Market challenge

  • Effective design and implementation of SSCs
  • For a full, detailed list, view our report

Market trend

  • Advent of customized SSCs
  • For a full, detailed list, view our report

Key questions answered in this report

  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?

Table of Contents

  • PART 01: Executive summary
  • PART 02: Scope of the report
  • PART 03: Research Methodology
  • PART 04: Introduction
  • PART 05: Market landscape
  • PART 06: Market segmentation by functional application
  • PART 07: Geographical segmentation
  • PART 08: Decision framework
  • PART 09: Drivers and challenges
  • PART 10: Market trends
  • PART 11: Five forces analysis
  • PART 12: Vendor landscape
  • PART 13: Key vendor analysis
  • PART 14: Appendix

 

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