Report overview
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).
This report aims to provide a comprehensive presentation of the global market for Shared Services, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Shared Services. This report contains market size and forecasts of Shared Services in global, including the following market information:
Global Shared Services Market Revenue, 2019-2024, 2024-2029, ($ millions)
Global top five companies in 2023 (%)
The global Shared Services market was valued at US$ 118140 million in 2023 and is projected to reach US$ 293910 million by 2029, at a CAGR of 13.9% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
The U.S. Market is Estimated at $ Million in 2023, While China is to reach $ Million.
Finance & Accounting (F&A) Segment to Reach $ Million by 2029, with a % CAGR in next six years.
The global key manufacturers of Shared Services include Cognizant, Infosys, SAP, IBM, IGATE, Oracle, PwC, TCS and Wipro, etc. in 2023, the global top five players have a share approximately % in terms of revenue.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Shared Services companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Shared Services Market, by Type, 2019-2024, 2024-2029 ($ millions)
Global Shared Services Market Segment Percentages, by Type, 2023 (%)
Finance & Accounting (F&A)
Human Resource (HR)
Supply Chain Management (SCM)
Information Technology (IT)
Customer Relationship Management (CRM)
Other
Global Shared Services Market, by Application, 2019-2024, 2024-2029 ($ millions)
Global Shared Services Market Segment Percentages, by Application, 2023 (%)
SMEs
Large Enterprises
Global Shared Services Market, By Region and Country, 2019-2024, 2024-2029 ($ Millions)
Global Shared Services Market Segment Percentages, By Region and Country, 2023 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Shared Services revenues in global market, 2019-2024 (estimated), ($ millions)
Key companies Shared Services revenues share in global market, 2023 (%)
Further, the report presents profiles of competitors in the market, key players include:
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
Outline of Major Chapters:
Chapter 1: Introduces the definition of Shared Services, market overview.
Chapter 2: Global Shared Services market size in revenue.
Chapter 3: Detailed analysis of Shared Services company competitive landscape, revenue and market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of Shared Services in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: The main points and conclusions of the report.
