PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1452440
PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1452440
Shared Services Center Market Size - By Service (Finance and Accounting, Human Resources, Information Technology, Procurement), By Organization Size (Large Enterprises, SMEs), By Industry, Growth Prospects, Regional Outlook & Forecast, 2024 - 2032
Global Shared Services Center Market size is expected to record over 16% CAGR from 2024 to 2032, fueled by the adoption of industry-specific solutions and technological advancements. Of late, companies are increasingly seeking specialized services tailored to industry needs, such as finance or IT. Advanced technologies like automation and AI are enhancing the capabilities of shared services centers for improving efficiency and outcomes. With businesses recognizing the value of these industry-specific solutions and innovative technologies, the adoption of shared services will expand significantly for meeting the evolving demands of various industries. For instance, in March 2024, Crunchyroll launched a new technology and shared services center for expanding its operational capabilities and enhancing the service offerings.
The shared services center market is segmented based on service, organization size, industry, and region.
In terms of service, the industry size from the information technology segment will establish noteworthy development by 2032, owing to the increasing reliance on shared services for cost efficiency and streamlined operations. IT shared services offer solutions for data management, software development, and technical support for catering to a wide range of industries. With businesses recognizing the benefits of outsourcing IT functions to shared centers, the diverse needs of companies seeking efficient and specialized IT services will be subsequently met.
The BFSI segment in the shared services center market will undergo significant growth between 2024 and 2032. The rising intricate and data-driven operations in BFSI applications is making shared services an appealing option for cost efficiency and operational optimization. Services, such as customer support, data analytics, and transaction processing are witnessing high demand. With the BFSI industry increasingly turning to shared services to enhance efficiency and reduce costs, the demand for shared services center will escalate for catering to the needs of financial institutions and insurance companies.
North America shared services center market will exhibit a noteworthy CAGR from 2024 to 2032, propelled by the mature business environment and widespread adoption of shared services across various industries. Countries like the U.S. and Canada have a robust presence of shared services centers, further offering cost-effective solutions for back-office functions. With businesses increasingly turning to shared services for operational efficiency, North America will dominate the market for meeting the diverse needs of companies seeking streamlined and specialized services.
Report Content
Chapter 1 Methodology & Scope
- 1.1 Market scope & definition
- 1.2 Base estimates & calculations
- 1.3 Forecast calculation
- 1.4 Data sources
- 1.4.1 Primary
- 1.4.2 Secondary
- 1.4.2.1 Paid sources
- 1.4.2.2 Public sources
Chapter 2 Executive Summary
- 2.1 Industry 360 degree synopsis, 2018 - 2032
Chapter 3 Industry Insights
- 3.1 Industry ecosystem analysis
- 3.2 Supplier landscape
- 3.2.1 Technology provider
- 3.2.2 Cloud service providers
- 3.2.3 Integrators
- 3.2.4 End-users
- 3.3 Profit margin analysis
- 3.4 Technology & innovation landscape
- 3.5 Patent analysis
- 3.6 Key news & initiatives
- 3.7 Regulatory landscape
- 3.8 Impact forces
- 3.8.1 Growth drivers
- 3.8.1.1 Rising encouragement of organizations to implement shared services
- 3.8.1.2 Promotion of standardization of processes, ensuring compliance with regulations
- 3.8.1.3 Rise of sustainability goals by organizations
- 3.8.1.4 Advancement of technology, including artificial intelligence, machine learning, and analytics
- 3.8.2 Industry pitfalls & challenges
- 3.8.2.1 Maintaining consistent service quality across various functions
- 3.8.2.2 Adopting and integrating new technologies
- 3.8.1 Growth drivers
- 3.9 Growth potential analysis
- 3.10 Porter's analysis
- 3.10.1 Supplier power
- 3.10.2 Buyer power
- 3.10.3 Threat of new entrants
- 3.10.4 Threat of substitutes
- 3.10.5 Industry rivalry
- 3.11 PESTEL analysis
Chapter 4 Competitive Landscape, 2023
- 4.1 Introduction
- 4.2 Company market share analysis
- 4.3 Competitive positioning matrix
- 4.4 Strategic outlook matrix
Chapter 5 Market Estimates & Forecast, By Service, 2018-2032 ($Bn)
- 5.1 Key trends
- 5.2 Finance and accounting
- 5.3 Human resources
- 5.4 Information technology
- 5.5 Procurement
Chapter 6 Market Estimates & Forecast, By Organization Size, 2018-2032 ($Bn)
- 6.1 Key trends
- 6.2 Large enterprises
- 6.3 SMEs
Chapter 7 Market Estimates & Forecast, By Industry, 2018-2032 ($Bn)
- 7.1 Key trends
- 7.2 BFSI
- 7.3 Healthcare
- 7.4 Manufacturing
- 7.5 IT and telecommunications
- 7.6 Retail and consumer goods
- 7.7 Others
Chapter 8 Market Estimates & Forecast, By Region, 2018-2032 ($Bn)
- 8.1 Key trends
- 8.2 North America
- 8.2.1 U.S.
- 8.2.2 Canada
- 8.3 Europe
- 8.3.1 UK
- 8.3.2 Germany
- 8.3.3 France
- 8.3.4 Italy
- 8.3.5 Spain
- 8.3.6 Russia
- 8.3.7 Rest of Europe
- 8.4 Asia Pacific
- 8.4.1 China
- 8.4.2 India
- 8.4.3 Japan
- 8.4.4 South Korea
- 8.4.5 Australia
- 8.4.6 Southeast Asia
- 8.4.7 Rest of Asia Pacific
- 8.5 Latin America
- 8.5.1 Brazil
- 8.5.2 Mexico
- 8.5.3 Argentina
- 8.5.4 Rest of Latin America
- 8.6 MEA
- 8.6.1 South Africa
- 8.6.2 Saudi Arabia
- 8.6.3 UAE
- 8.6.4 Rest of MEA
Chapter 9 Company Profiles
- 9.1 Accenture Plc
- 9.2 Ahlstrom
- 9.3 Atos SE
- 9.4 Capgemini SE
- 9.5 CBRE Group
- 9.6 Cognizant Technology Solutions Corp (CTS)
- 9.7 Concentrix
- 9.8 Deloitte
- 9.9 DXC Technology
- 9.10 EY Global Ltd.
- 9.11 Genpact
- 9.12 HCL Technologies
- 9.13 IBM Global Services
- 9.14 Infosys Ltd.
- 9.15 KPMG International Ltd.
- 9.16 PwC International Ltd.
- 9.17 SSC Heroes
- 9.18 Sutherland Global Services
- 9.19 Tata Consultancy Services (TCS)
- 9.20 Wipro
