Market Analysis and Insights: Global Shared Services Market
Shared service is the provision of a service by one part of an organization or group, where that service had previously been found, in more than one part of the organization or group. Thus the funding and resourcing of the service is shared and the providing department effectively becomes an internal service provider. The key here is the idea of 'sharing' within an organization or group. This sharing needs to fundamentally include shared accountability of results by the unit from where the work is migrated to the provider. The provider, on the other hand, needs to ensure that the agreed results are delivered based on defined measures (KPIs, cost, quality etc).
The global Shared Services market size is projected to reach US$ 301590 million by 2028, from US$ 114820 million in 2021, at a CAGR of 14.5% during 2022-2028.
Fully considering the economic change by this health crisis, Finance & Accounting (F&A) accounting for % of the Shared Services global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR from 2022 to 2028. While SMEs segment is altered to an % CAGR throughout this forecast period.
China Shared Services market size is valued at US$ million in 2021, while the North America and Europe Shared Services are US$ million and US$ million, severally. The proportion of the North America is % in 2021, while China and Europe are % and respectively, and it is predicted that China proportion will reach % in 2028, trailing a CAGR of % through the analysis period 2022-2028. Japan, South Korea, and Southeast Asia are noteworthy markets in Asia, with CAGR %, %, and % respectively for the next 6-year period. As for the Europe Shared Services landscape, Germany is projected to reach US$ million by 2028 trailing a CAGR of % over the forecast period 2022-2028.
With industry-standard accuracy in analysis and high data integrity, the report makes a brilliant attempt to unveil key opportunities available in the global Shared Services market to help players in achieving a strong market position. Buyers of the report can access verified and reliable market forecasts, including those for the overall size of the global Shared Services market in terms of revenue.
Overall, the report proves to be an effective tool that players can use to gain a competitive edge over their competitors and ensure lasting success in the global Shared Services market. All of the findings, data, and information provided in the report are validated and revalidated with the help of trustworthy sources. The analysts who have authored the report took a unique and industry-best research and analysis approach for an in-depth study of the global Shared Services market.
Global Shared Services Scope and Market Size
Shared Services market is segmented by players, region (country), by Type and by Application. Players, stakeholders, and other participants in the global Shared Services market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by Type and by Application for the period 2017-2028.
Segment by Type
Finance & Accounting (F&A)
Human Resource (HR)
Supply Chain Management (SCM)
Information Technology (IT)
Customer Relationship Management (CRM)
Other
Segment by Application
SMEs
Large Enterprises
By Region
North America
United States
Canada
Europe
Germany
France
UK
Italy
Russia
Nordic Countries
Rest of Europe
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA
By Company
Cognizant
Infosys
SAP
IBM
IGATE
Oracle
PwC
TCS
Wipro
Accenture
Atos
Capgemini
CGI Group
Deloitte
EXL
Genpact
HCL Technologies
The Hackett Group
T-Systems
ServiceNow
Shared service is the provision of a service by one part of an organization or group, where that service had previously been found, in more than one part of the organization or group. Thus the funding and resourcing of the service is shared and the providing department effectively becomes an internal service provider. The key here is the idea of 'sharing' within an organization or group. This sharing needs to fundamentally include shared accountability of results by the unit from where the work is migrated to the provider. The provider, on the other hand, needs to ensure that the agreed results are delivered based on defined measures (KPIs, cost, quality etc).
The global Shared Services market size is projected to reach US$ 301590 million by 2028, from US$ 114820 million in 2021, at a CAGR of 14.5% during 2022-2028.
Fully considering the economic change by this health crisis, Finance & Accounting (F&A) accounting for % of the Shared Services global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR from 2022 to 2028. While SMEs segment is altered to an % CAGR throughout this forecast period.
China Shared Services market size is valued at US$ million in 2021, while the North America and Europe Shared Services are US$ million and US$ million, severally. The proportion of the North America is % in 2021, while China and Europe are % and respectively, and it is predicted that China proportion will reach % in 2028, trailing a CAGR of % through the analysis period 2022-2028. Japan, South Korea, and Southeast Asia are noteworthy markets in Asia, with CAGR %, %, and % respectively for the next 6-year period. As for the Europe Shared Services landscape, Germany is projected to reach US$ million by 2028 trailing a CAGR of % over the forecast period 2022-2028.
With industry-standard accuracy in analysis and high data integrity, the report makes a brilliant attempt to unveil key opportunities available in the global Shared Services market to help players in achieving a strong market position. Buyers of the report can access verified and reliable market forecasts, including those for the overall size of the global Shared Services market in terms of revenue.
Overall, the report proves to be an effective tool that players can use to gain a competitive edge over their competitors and ensure lasting success in the global Shared Services market. All of the findings, data, and information provided in the report are validated and revalidated with the help of trustworthy sources. The analysts who have authored the report took a unique and industry-best research and analysis approach for an in-depth study of the global Shared Services market.
Global Shared Services Scope and Market Size
Shared Services market is segmented by players, region (country), by Type and by Application. Players, stakeholders, and other participants in the global Shared Services market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by Type and by Application for the period 2017-2028.
Segment by Type
Finance & Accounting (F&A)
Human Resource (HR)
Supply Chain Management (SCM)
Information Technology (IT)
Customer Relationship Management (CRM)
Other
Segment by Application
SMEs
Large Enterprises
By Region
North America
United States
Canada
Europe
Germany
France
UK
Italy
Russia
Nordic Countries
Rest of Europe
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA
By Company
Cognizant
Infosys
SAP
IBM
IGATE
Oracle
PwC
TCS
Wipro
Accenture
Atos
Capgemini
CGI Group
Deloitte
EXL
Genpact
HCL Technologies
The Hackett Group
T-Systems
ServiceNow
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