Global Shared Services Market 2020-2024
Technavio has been monitoring the shared services market and it is poised to grow by $ 152.38 bn during 2020-2024 progressing at a CAGR of 17% during the forecast period. Our reports on shared services market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by the need for business process automation and cost reduction and increasing business efficiency. In addition, the need for business process automation is anticipated to boost the growth of the market as well.
The shared services market analysis includes application segments and geographic landscapes
Technavio's shared services market is segmented as below:
By Geographic Landscapes
- North America
- South America
This study identifies the digital transformation of SSCs as one of the prime reasons driving the shared services market growth during the next few years.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our shared services market covers the following areas:
- Shared services market sizing
- Shared services market forecast
- Shared services market industry analysis
Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading shared services market vendors that include Accenture Plc, Capgemini SE, Cognizant Technology Solutions Corp., Deloitte Touche Tohmatsu Ltd., Genpact Ltd., Infosys Ltd., International Business Machines Corp., SAP SE, Tata Consultancy Services Ltd., and Wipro Ltd.. Also, the shared services market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast an accurate market growth.