Shared Services Market

Introduction

Organisations have started to centralize their back-end services for cost saving purpose. The different divisions or subsidiaries of an organisation can share internal functions or non-core company activities such as inventory, hiring, payroll, finance, purchasing, and information technology through shared services. Shared services help in cost reduction which would otherwise be higher if these services are taken separately by different divisions of a company.

Majority of the companies globally use shared services. Further, the market is expected to grow at a rapid pace due to increase in number of deals in shared services market across public and private sectors. Shared services save approximately 20 to 30% of the cost which motivates the companies to adopt this service.

Shared Services Market: Drivers and Restraints

Apart from being cost efficient, shared services also provide process efficiency to the companies. All the internal functions are standardized using shared services, therefore making the whole process smooth and efficient. Location proximity is also one of the important drivers for shared services market

However, implementing shared services is a complicated process as it requires change in the entire infrastructure and business process of the organization. It also takes a lot of time to implement shared service across the organization.

Trends prevailing in the Shared Services Market:

Robotic process automation is a major trend prevailing in the shared services market wherein enterprises focus on reducing manual work by introducing robotic software to do the repetitive tasks. Process automation reduces redundancy along with delivering expected output while cutting down on costs.

Global Shared services Market: Market Segmentation

basis of function in shared services market	CRM F&A HR IT SCM
basis of number of shared services Market	One Two Three More than three

Global Shared services Market Players

Some of the prominent players in the shared services market include Accenture, Infosys, IBM, Symantec, Oracle, Cognizant, Hackett Group, TCS, SAP and Atos among others.

The report covers exhaustive analysis on:

• Global Shared services Market Segments
• Global Shared services Market Dynamics
• Historical Actual Market Size, 2012 - 2014
• Global Shared services Market Size & Forecast 2015 to 2025
• Supply & Demand Value Chain for Shared services Market
• Global Shared services Market Current Trends/Issues/Challenges
• Competition & Companies involved in Shared services Market
• Technology
• Value Chain
• Global Shared services Market Drivers and Restraints

Regional analysis for Global Shared services Market includes

• North America Shared services Market
  • US & Canada
• Latin America Shared services Market
  • Brazil, Argentina & Others
• Europe Shared Services Market
  • EU5
  • Nordics
  • Benelux
  • Poland
  • Russia
• Asia Pacific Shared Services Market
  • Australia and New Zealand (ANZ)
  • Greater China
  • India
  • ASEAN
  • Rest of Asia Pacific
• Japan Shared Services Market
• Middle East and Africa Shared services Market
  • GCC Countries
  • Other Middle East
  • North Africa
  • South Africa
  • Other Africa

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

Report Highlights:

• Detailed overview of parent market
• Changing market dynamics of the industry
• In-depth market segmentation
• Historical, current and projected market size in terms of volume and value
• Recent industry trends and developments
• Competitive landscape
• Strategies of key players and product offerings
• Potential and niche segments/regions exhibiting promising growth
• A neutral perspective towards market performance
• Must-have information for market players to sustain and enhance their market footprint

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