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).

Shared Services Market contains market size and forecasts of Shared Services in Global, including the following market information:

Global Shared Services Market Revenue, 2017-2022, 2023-2028, ($ millions)

Global top five companies in 2021 (%)

The global Shared Services market was valued at 118140 million in 2021 and is projected to reach US$ 293910 million by 2028, at a CAGR of 13.9% during the forecast period.

The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.

Finance & Accounting(F&A) Segment to Reach $ Million by 2028, 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 2021, the global top five players have a share approximately % in terms of revenue.

We 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, 2017-2022, 2023-2028 ($ millions)

Global Shared Services Market Segment Percentages, by Type, 2021 (%)

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, 2017-2022, 2023-2028 ($ millions)

Global Shared Services Market Segment Percentages, by Application, 2021 (%)

SMEs

Large Enterprises

Global Shared Services Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions)

Global Shared Services Market Segment Percentages, By Region and Country, 2021 (%)

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, 2017-2022 (estimated), ($ millions)

Key companies Shared Services revenues share in global market, 2021 (%)

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