Shared Services Market is structured as a centralized delivery location and point of service. These are dedicated unit including people, processes, and technologies who are governed by defined business functions. These services are assisted by IT and IT services, and cater to the need for varied business units within an enterprise. The global shared services market was valued at USD XX million in 2017 and is expected to grow at a CAGR of XX%, with the market expected to reach a valuation of up to USD XX million by 2025.
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The players have concentrated their efforts to secure government contracts as these provide exceptional growth opportunities for the vendors engaged in the provision of these services.
The market is highly fragmented due to the presence of several international and regional players.
The global shared services market consists global and regional players including SAP, Oracle, Accenture, TCS, IBM, Hackett Group, Infosys, Symantec, Cognizant, and Atos among others.
Shared Services Market Key Segments:
On the Basis of Product:
On the Basis of Application:
Finance & Accounting (F&A)
Human Resource (HR)
Supply Chain Management (SCM)
Information Technology (IT)
Customer Relationship Management (CRM)
On the basis of design technology:
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The market is expected to see considerable growth over the coming years’ due to as enterprises around the world increasingly focus on reducing the overall cost incurred on production and improving the quality of the services delivered. Ingenious implementation of SSCs at operation stages results in better operational efficiency and cost reduction, along with enhanced productivity.
The global shared services market is bifurcated on the basis of application and region. Shared Services Module by region segmented into North America, Europe, Latin America, Asia-Pacific and Middle East & Africa. In 2017, Asia-Pacific is expected to dominate due to the presence of a large number of institutions and universities in the region facilitates access to a skilled labour force with multilingual skills, which is quite similar to the culture prevalent in Western Europe.
Deploying an SSC framework, therefore, helps companies focus on improving their core operations. Poised to witness growth at an impressive rate in the next few years, the clinical and pharmaceutical end-use segments account for a substantial share of the global shared services market. The rapidly increasing demand for cost-effective treatment modalities and redesigning the traditional pharmaceutical R&D model is anticipated to boost demand from the global shared services market.
Table of Content (TOC):
Chapter 1 Introduction and Overview
Chapter 2 Industry Cost Structure and Economic Impact
Chapter 3 Rising Trends and New Technologies with Major key players
Chapter 4 Global Shared Services Market Analysis, Trends, Growth Factor
Chapter 5 Shared Services Market Application and Business with Potential Analysis
Chapter 6 Global Shared Services Market Segment, Type, Application
Chapter 7 Global Shared Services Market Analysis (by Application, Type, End User)
Chapter 8 Major Key Vendors Analysis of Shared Services Market
Chapter 9 Development Trend of Analysis
Chapter 10 Conclusion
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