Report Description

Forecast Period

2025-2029

Market Size (2023)

USD 47 Billion

Market Size (2029)

USD 135.35 Billion

CAGR (2024-2029)

19.1%

Fastest Growing Segment

Pharmaceutical & Clinical

Largest Market

North America

 

Market Overview

Global Shared Services Center Market was valued at USD 47 Billion in 2023 and is anticipated to project robust growth in the forecast period with a CAGR of 19.1% through 2029. The Global Shared Services Center Market is witnessing substantial growth as organizations increasingly recognize the strategic advantages of consolidating and centralizing their support functions. Shared services centers (SSCs) serve as centralized hubs for business processes such as finance, human resources, IT, and customer service, streamlining operations and fostering efficiency. This market evolution is driven by the pursuit of cost optimization, enhanced operational agility, and the standardization of processes across diverse business units. By establishing shared services centers, companies can achieve economies of scale, reduce operational redundancies, and leverage technology to enhance service delivery. The rise of digital technologies, automation, and artificial intelligence has further catalyzed the expansion of shared services globally. Organizations are leveraging these advancements to automate routine tasks, allowing SSCs to focus on more complex, value-added activities. Additionally, the flexibility offered by shared services enables organizations to adapt swiftly to changing business landscapes and allocate resources more effectively. Major players in the Global Shared Services Center Market are continuously innovating to provide advanced solutions and cater to the evolving needs of businesses. The market is poised for sustained growth as companies increasingly embrace shared services models to drive operational excellence, improve customer experiences, and remain competitive in an ever-evolving global business environment.

Key Market Drivers

Operational Efficiency and Cost Savings

The foremost driver propelling the growth of the Global Shared Services Center Market is the relentless pursuit of operational efficiency and cost savings by organizations worldwide. Shared services centers (SSCs) act as centralized hubs, consolidating and streamlining diverse business support functions. This consolidation enables economies of scale, reducing operational redundancies and optimizing resource utilization. By centralizing tasks such as finance, human resources, IT, and customer service, companies can achieve significant cost savings through standardized processes, improved productivity, and the elimination of duplicated efforts. The demand for operational excellence and cost-effectiveness positions SSCs as strategic solutions for organizations seeking to enhance their overall efficiency in a highly competitive global business landscape.

Standardization and Process Optimization

A key driver fostering the expansion of the Global Shared Services Center Market is the emphasis on standardization and process optimization. Shared services centers offer a platform for organizations to standardize their business processes across different units and geographies. This standardization not only ensures consistency and compliance but also facilitates continuous process improvement. SSCs leverage technology and automation to optimize routine tasks, allowing skilled resources to focus on value-added activities. As businesses increasingly recognize the importance of streamlined and standardized operations, the adoption of shared services models becomes instrumental in achieving operational excellence and maintaining a competitive edge.

Digital Transformation and Technology Adoption

The ongoing wave of digital transformation is a pivotal driver influencing the evolution of the Global Shared Services Center Market. Organizations are embracing advanced technologies, including automation, artificial intelligence (AI), and data analytics, to enhance the capabilities of their shared services. Automation of routine tasks, such as transactional processes and data entry, not only improves accuracy and efficiency but also allows SSCs to focus on complex, knowledge-based functions. Integration of technology enables real-time data analytics, providing valuable insights for informed decision-making. The synergy between shared services and digital technologies positions SSCs as innovation hubs, driving the market's growth as businesses seek to harness the full potential of technology in optimizing their operations.

Globalization and Scalability

The globalization of business operations and the need for scalable solutions are driving organizations to establish shared services centers. As companies expand their global footprint, the demand for standardized and scalable processes becomes imperative. SSCs provide a scalable framework that accommodates the changing needs of businesses, supporting expansion into new markets and adapting to evolving industry trends. This scalability ensures that organizations can efficiently manage increased transaction volumes, diverse business functions, and a geographically dispersed workforce. The global nature of shared services aligns with the strategic objectives of organizations looking to enhance their global presence while maintaining operational flexibility.

Talent Management and Skill Utilization

Talent management and the effective utilization of skills emerge as crucial drivers shaping the Global Shared Services Center Market. By centralizing certain business functions, organizations can strategically deploy skilled resources where they are most needed. This strategic deployment allows for optimal utilization of talent, ensuring that specialized skills are directed towards high-value tasks. Furthermore, shared services centers serve as hubs for talent development, fostering a collaborative and knowledge-sharing environment. Organizations leverage SSCs to create centers of excellence, attracting and retaining top talent. The emphasis on talent management and skill utilization positions shared services as integral components of organizational strategies for acquiring, developing, and retaining a skilled workforce in an ever-evolving business landscape.


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Key Market Challenges

Integration Complexity and Change Management

A significant challenge facing the Global Shared Services Center Market is the inherent complexity of integrating shared services into existing organizational structures and managing the associated change. Implementing a shared services model often requires organizations to reconfigure their established processes, technologies, and workforce dynamics. The integration of diverse business functions into a centralized hub can disrupt traditional workflows, leading to resistance from employees and operational challenges. Change management becomes critical to successfully navigate this complexity, requiring strategic communication, employee training, and a phased approach to implementation. Organizations must address the challenge of integrating shared services seamlessly to minimize disruptions and ensure a smooth transition, emphasizing the importance of change management strategies tailored to the unique needs of each business.

Data Security and Compliance Risks

The heightened focus on data security and regulatory compliance poses a considerable challenge for the Global Shared Services Center Market. Centralizing critical business functions in shared services centers means consolidating sensitive data from various sources. This concentration of data increases the risk of security breaches and regulatory non-compliance, especially when handling sensitive information such as financial records, customer data, and employee information. Organizations must implement robust cybersecurity measures, data encryption protocols, and compliance frameworks to mitigate these risks. Additionally, adhering to diverse international regulations further complicates the landscape, requiring shared services centers to navigate a complex web of data protection and privacy laws across different regions.

Resistance to Cultural Alignment

Cultural misalignment and resistance to change represent formidable challenges for the Global Shared Services Center Market. As organizations establish shared services centers, they often encounter resistance from employees accustomed to traditional ways of working. Cultural differences across geographies and business units can impede seamless collaboration and hinder the adoption of standardized processes. Navigating these cultural challenges requires a comprehensive approach that includes cultural sensitivity training, effective communication strategies, and fostering a shared sense of purpose and identity within the shared services team. Overcoming resistance to cultural alignment is crucial for unlocking the full potential of shared services, enabling organizations to realize the intended benefits of operational efficiency and cost savings.

Technology Integration and Upgradation

The dynamic nature of technology presents a persistent challenge for the Global Shared Services Center Market, particularly in terms of integrating and continuously upgrading technological infrastructure. Shared services heavily rely on advanced technologies such as automation, artificial intelligence, and data analytics to optimize processes and enhance efficiency. However, integrating these technologies into existing systems and ensuring seamless interoperability can be a complex undertaking. Additionally, the rapid pace of technological advancements requires shared services centers to continually upgrade their systems to stay competitive. Balancing the need for technological innovation with the practical challenges of integration and upgradation is a critical challenge that organizations in the shared services space must navigate to harness the full potential of emerging technologies and stay ahead in the market.

Key Market Trends

Focus on Advanced Analytics and Data-driven Insights

A prominent trend shaping the Global Shared Services Center Market is the increasing emphasis on advanced analytics and data-driven insights. Shared services centers are evolving into strategic hubs for data analysis, leveraging technologies such as artificial intelligence and machine learning to extract valuable insights from vast datasets. Organizations are recognizing the potential of shared services to not only streamline operational processes but also generate actionable intelligence for informed decision-making. This trend is driving the integration of sophisticated analytics tools within shared services centers, enabling them to provide strategic business intelligence, forecast trends, and contribute to overall organizational agility. As businesses strive for a competitive edge, the incorporation of advanced analytics within shared services is becoming a pivotal trend in enhancing the value proposition of these centralized hubs.

Rise of Intelligent Automation and Robotic Process Automation (RPA)

The Global Shared Services Center Market is witnessing a significant trend with the increasing adoption of intelligent automation and robotic process automation (RPA). Organizations are leveraging automation technologies to streamline routine and rule-based tasks within shared services centers. RPA, coupled with artificial intelligence, enables the automation of complex processes, reducing manual intervention and enhancing overall efficiency. This trend is not only driving cost savings but also allowing shared services centers to focus on higher-value tasks that require human judgment and creativity. The integration of intelligent automation is transforming shared services into agile and responsive entities, capable of adapting to dynamic business environments.

Expansion of Multifunctional Shared Services

A notable trend in the Global Shared Services Center Market is the expansion of shared services beyond traditional functions. While finance and human resources have been historically dominant areas within shared services, organizations are increasingly incorporating a broader range of functions into centralized hubs. This trend involves the integration of diverse business processes, such as IT, procurement, legal services, and customer support, within shared services centers. The move towards multifunctional shared services aligns with the pursuit of holistic operational efficiency, allowing organizations to consolidate a wider spectrum of activities and realize comprehensive cost savings and standardized processes.

Enhanced Focus on Customer Experience (CX)

In response to evolving business dynamics, a significant trend in the Global Shared Services Center Market is the enhanced focus on delivering superior customer experiences. Shared services centers are transitioning from mere cost centers to strategic enablers of improved customer interactions. This trend involves the integration of customer-centric functions, such as customer support, order processing, and complaint resolution, within shared services. By centralizing these activities, organizations can ensure standardized and efficient customer interactions, contributing to overall satisfaction and loyalty. This trend reflects a paradigm shift in the role of shared services, positioning them as drivers of positive customer experiences and brand value.

Agile and Decentralized Shared Services Models

An emerging trend in the Global Shared Services Center Market is the adoption of agile and decentralized shared services models. Organizations are moving away from traditional, centralized structures to embrace more agile and geographically dispersed shared services setups. This trend is driven by the desire for flexibility, scalability, and the ability to cater to diverse regional requirements. Agile shared services models facilitate quicker response times, adaptability to changing business needs, and the efficient allocation of resources. By decentralizing shared services, organizations aim to create more responsive and customized solutions, aligning with the evolving demands of a dynamic global business landscape.

Segmental Insights

End-use Insights

The Pharmaceutical & Clinical segment emerged as the dominant end-use segment in the Global Shared Services Center Market, and it is anticipated to maintain its dominance during the forecast period. The pharmaceutical and clinical industry has witnessed a significant surge in the adoption of shared services centers due to the complex and data-intensive nature of its operations. Shared services within this sector encompass a range of functions, including data management, clinical trial support, regulatory compliance, and financial services. The consolidation of these processes into centralized hubs enhances operational efficiency, ensures compliance with industry regulations, and fosters collaboration across various functions. The pharmaceutical & clinical segment's dominance is attributed to the industry's increasing focus on cost optimization, streamlined regulatory compliance, and the need for advanced data analytics for research and development activities. Shared services centers play a crucial role in supporting these objectives by providing a centralized platform for data-driven insights, process standardization, and resource consolidation. As the pharmaceutical and clinical sector continues to navigate dynamic market demands, the adoption of shared services is expected to persist, maintaining the segment's dominance in the Global Shared Services Center Market. This trend underscores the strategic importance of shared services in enabling pharmaceutical and clinical organizations to enhance their overall operational agility, achieve cost-effectiveness, and stay competitive in a rapidly evolving industry landscape.


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Regional Insights

North America emerged as the dominant region in the Global Shared Services Center Market and is anticipated to maintain its dominance during the forecast period. The robust presence of mature economies, technological advancements, and a well-established business landscape have contributed to the significant adoption of shared services centers in North America. The region's dominance is further fueled by a proactive approach to organizational efficiency, cost optimization, and the increasing recognition of shared services as strategic assets. Major economies such as the United States and Canada have witnessed a proliferation of shared services centers across various industries, including IT, finance, healthcare, and manufacturing. The North American region's leadership in the adoption of shared services is also driven by the emphasis on advanced technologies such as artificial intelligence, robotic process automation, and data analytics within shared services operations. Additionally, the presence of a skilled workforce, coupled with a mature regulatory environment, facilitates the seamless implementation and integration of shared services models. As organizations in North America continue to prioritize operational excellence, scalability, and agility, the demand for shared services centers is expected to persist, maintaining the region's dominance in the global market. The collaborative and centralized nature of shared services aligns with the dynamic business requirements of North American enterprises, enabling them to navigate market uncertainties, drive innovation, and achieve sustainable growth.

Recent Developments

In August 2023, Teleperformance launched a shared service center in Hyderabad, India, aiming to provide essential assistance for diverse back-office functions, including finance, human resources, IT administrative support, and workforce management. Utilizing advanced AI and data analytics technologies, the center focuses on delivering efficient and effective support services to enhance operational efficiency and optimize resource utilization within the organization.

Key Market Players

  • Accenture Plc
  • IBM Corporation
  • Capgemini SE
  • Deloitte Touche Tohmatsu Limited
  • Infosys Limited
  • Genpact Limited
  • Cognizant Technology Solutions Corporation
  • Wipro Limited
  • Tata Consultancy Services Limited
  • HCL Technologies Limited

By End-use

By Component

By Deployment

 By Region

  • Pharmaceutical & Clinical
  • Legal
  • BFSI
  • Manufacturing
  • Software
  • Services
  • Consulting
  • Integration
  • Maintenance
  • Cloud
  • On Premise
  • North America
  • Europe
  • Asia Pacific
  • South America
  • Middle East & Africa


Report Scope:

In this report, the Global Shared Services Center Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

  • Shared Services Center Market, By End-use:

o   Pharmaceutical & Clinical

o   Legal

o   BFSI

o   Manufacturing

  • Shared Services Center Market, By Component:

o   Software

o   Services

o   Consulting

o   Integration

o   Maintenance

  • Shared Services Center Market, By Deployment:

o   Cloud

o   On Premise

  • Shared Services Center Market, By Region:

o   North America

§  United States

§  Canada

§  Mexico

o   Europe

§  France

§  United Kingdom

§  Italy

§  Germany

§  Spain

§  Belgium

o   Asia-Pacific

§  China

§  India

§  Japan

§  Australia

§  South Korea

§  Indonesia

§  Vietnam

o   South America

§  Brazil

§  Argentina

§  Colombia

§  Chile

§  Peru

o   Middle East & Africa

§  South Africa

§  Saudi Arabia

§  UAE

§  Turkey

§  Israel

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Shared Services Center Market.

Available Customizations:

Global Shared Services Center market report with the given market data, Tech Sci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

Global Shared Services Center Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1.    1.    Product Overview

1.1.  Market Definition

1.2.  Scope of the Market

1.2.1.    Markets Covered

1.2.2.    Years Considered for Study

1.2.3.    Key Market Segmentations

2.    Research Methodology

2.1.  Objective of the Study

2.2.  Baseline Methodology

2.3.  Formulation of the Scope

2.4.  Assumptions and Limitations

2.5.  Sources of Research

2.5.1.    Secondary Research

2.5.2.    Primary Research

2.6.  Approach for the Market Study

2.6.1.    The Bottom-Up Approach

2.6.2.    The Top-Down Approach

2.7.  Methodology Followed for Calculation of Market Size & Market Shares

2.8.  Forecasting Methodology

2.8.1.    Data Triangulation & Validation

3.    Executive Summary

4.    Impact of COVID-19 on Global Shared Services Center Market

5.    Voice of Customer

6.    Global Shared Services Center Market Overview

7.    Global Shared Services Center Market Outlook

7.1.  Market Size & Forecast

7.1.1.    By Value

7.2.  Market Share & Forecast

7.2.1.    By Component (Software, Services, Consulting, Integration, Maintenance)

7.2.2.    By Deployment (Cloud and On Premise)

7.2.3.    By End-use (Pharmaceutical & Clinical, Legal, BFSI, Manufacturing, Others)

7.2.4.    By Region (North America, Europe, South America, Middle East & Africa, Asia Pacific)

7.3.  By Company (2023)

7.4.  Market Map

8.    North America Shared Services Center Market Outlook

8.1.  Market Size & Forecast

8.1.1.    By Value

8.2.  Market Share & Forecast

8.2.1.    By Component

8.2.2.    By Deployment

8.2.3.    By End-use

8.2.4.    By Country

8.3.  North America: Country Analysis

8.3.1.    United States Shared Services Center Market Outlook

8.3.1.1.        Market Size & Forecast

8.3.1.1.1.           By Value

8.3.1.2.        Market Share & Forecast

8.3.1.2.1.           By Component

8.3.1.2.2.           By Deployment

8.3.1.2.3.           By End-use

8.3.2.    Canada Shared Services Center Market Outlook

8.3.2.1.        Market Size & Forecast

8.3.2.1.1.           By Value

8.3.2.2.        Market Share & Forecast

8.3.2.2.1.           By Component

8.3.2.2.2.           By Deployment

8.3.2.2.3.           By End-use

8.3.3.    Mexico Shared Services Center Market Outlook

8.3.3.1.        Market Size & Forecast

8.3.3.1.1.           By Value

8.3.3.2.        Market Share & Forecast

8.3.3.2.1.           By Component

8.3.3.2.2.           By Deployment

8.3.3.2.3.           By End-use

9.    Europe Shared Services Center Market Outlook

9.1.  Market Size & Forecast

9.1.1.    By Value

9.2.  Market Share & Forecast

9.2.1.    By Component

9.2.2.    By Deployment

9.2.3.    By End-use

9.2.4.    By Country

9.3.  Europe: Country Analysis

9.3.1.    Germany Shared Services Center Market Outlook

9.3.1.1.        Market Size & Forecast

9.3.1.1.1.           By Value

9.3.1.2.        Market Share & Forecast

9.3.1.2.1.           By Component

9.3.1.2.2.           By Deployment

9.3.1.2.3.           By End-use

9.3.2.    France Shared Services Center Market Outlook

9.3.2.1.        Market Size & Forecast

9.3.2.1.1.           By Value

9.3.2.2.        Market Share & Forecast

9.3.2.2.1.           By Component

9.3.2.2.2.           By Deployment

9.3.2.2.3.           By End-use

9.3.3.    United Kingdom Shared Services Center Market Outlook

9.3.3.1.        Market Size & Forecast

9.3.3.1.1.           By Value

9.3.3.2.        Market Share & Forecast

9.3.3.2.1.           By Component

9.3.3.2.2.           By Deployment

9.3.3.2.3.           By End-use

9.3.4.    Italy Shared Services Center Market Outlook

9.3.4.1.        Market Size & Forecast

9.3.4.1.1.           By Value

9.3.4.2.        Market Share & Forecast

9.3.4.2.1.           By Component

9.3.4.2.2.           By Deployment

9.3.4.2.3.           By End-use

9.3.5.    Spain Shared Services Center Market Outlook

9.3.5.1.        Market Size & Forecast

9.3.5.1.1.           By Value

9.3.5.2.        Market Share & Forecast

9.3.5.2.1.           By Component

9.3.5.2.2.           By Deployment

9.3.5.2.3.           By End-use

9.3.6.    Belgium Shared Services Center Market Outlook

9.3.6.1.        Market Size & Forecast

9.3.6.1.1.           By Value

9.3.6.2.        Market Share & Forecast

9.3.6.2.1.           By Component

9.3.6.2.2.           By Deployment

9.3.6.2.3.           By End-use

10. South America Shared Services Center Market Outlook

10.1.            Market Size & Forecast

10.1.1. By Value

10.2.            Market Share & Forecast

10.2.1. By Component

10.2.2. By Deployment

10.2.3. By End-use

10.2.4. By Country

10.3.            South America: Country Analysis

10.3.1. Brazil Shared Services Center Market Outlook

10.3.1.1.     Market Size & Forecast

10.3.1.1.1.         By Value

10.3.1.2.     Market Share & Forecast

10.3.1.2.1.         By Component

10.3.1.2.2.         By Deployment

10.3.1.2.3.         By End-use

10.3.2. Colombia Shared Services Center Market Outlook

10.3.2.1.     Market Size & Forecast

10.3.2.1.1.         By Value

10.3.2.2.     Market Share & Forecast

10.3.2.2.1.         By Component

10.3.2.2.2.         By Deployment

10.3.2.2.3.         By End-use

10.3.3. Argentina Shared Services Center Market Outlook

10.3.3.1.     Market Size & Forecast

10.3.3.1.1.         By Value

10.3.3.2.     Market Share & Forecast

10.3.3.2.1.         By Component

10.3.3.2.2.         By Deployment

10.3.3.2.3.         By End-use

10.3.4. Chile Shared Services Center Market Outlook

10.3.4.1.     Market Size & Forecast

10.3.4.1.1.         By Value

10.3.4.2.     Market Share & Forecast

10.3.4.2.1.         By Component

10.3.4.2.2.         By Deployment

10.3.4.2.3.         By End-use

10.3.5. Peru Shared Services Center Market Outlook

10.3.5.1.     Market Size & Forecast

10.3.5.1.1.         By Value

10.3.5.2.     Market Share & Forecast

10.3.5.2.1.         By Component

10.3.5.2.2.         By Deployment

10.3.5.2.3.         By End-use

11. Middle East & Africa Shared Services Center Market Outlook

11.1.            Market Size & Forecast

11.1.1. By Value

11.2.            Market Share & Forecast

11.2.1. By Component

11.2.2. By Deployment

11.2.3. By End-use

11.2.4. By Country

11.3.            Middle East & Africa: Country Analysis

11.3.1. Saudi Arabia Shared Services Center Market Outlook

11.3.1.1.     Market Size & Forecast

11.3.1.1.1.         By Value

11.3.1.2.     Market Share & Forecast

11.3.1.2.1.         By Component

11.3.1.2.2.         By Deployment

11.3.1.2.3.         By End-use

11.3.2. UAE Shared Services Center Market Outlook

11.3.2.1.     Market Size & Forecast

11.3.2.1.1.         By Value

11.3.2.2.     Market Share & Forecast

11.3.2.2.1.         By Component

11.3.2.2.2.         By Deployment

11.3.2.2.3.         By End-use

11.3.3. South Africa Shared Services Center Market Outlook

11.3.3.1.     Market Size & Forecast

11.3.3.1.1.         By Value

11.3.3.2.     Market Share & Forecast

11.3.3.2.1.         By Component

11.3.3.2.2.         By Deployment

11.3.3.2.3.         By End-use

11.3.4. Turkey Shared Services Center Market Outlook

11.3.4.1.     Market Size & Forecast

11.3.4.1.1.         By Value

11.3.4.2.     Market Share & Forecast

11.3.4.2.1.         By Component

11.3.4.2.2.         By Deployment

11.3.4.2.3.         By End-use

11.3.5. Israel Shared Services Center Market Outlook

11.3.5.1.     Market Size & Forecast

11.3.5.1.1.         By Value

11.3.5.2.     Market Share & Forecast

11.3.5.2.1.         By Component

11.3.5.2.2.         By Deployment

11.3.5.2.3.         By End-use

12. Asia Pacific Shared Services Center Market Outlook

12.1.            Market Size & Forecast

12.1.1. By Value

12.2.            Market Share & Forecast

12.2.1. By Component

12.2.2. By Deployment

12.2.3. By End-use

12.2.4. By Country

12.3.            Asia-Pacific: Country Analysis

12.3.1. China Shared Services Center Market Outlook

12.3.1.1.     Market Size & Forecast

12.3.1.1.1.         By Value

12.3.1.2.     Market Share & Forecast

12.3.1.2.1.         By Component

12.3.1.2.2.         By Deployment

12.3.1.2.3.         By End-use

12.3.2. India Shared Services Center Market Outlook

12.3.2.1.     Market Size & Forecast

12.3.2.1.1.         By Value

12.3.2.2.     Market Share & Forecast

12.3.2.2.1.         By Component

12.3.2.2.2.         By Deployment

12.3.2.2.3.         By End-use

12.3.3. Japan Shared Services Center Market Outlook

12.3.3.1.     Market Size & Forecast

12.3.3.1.1.         By Value

12.3.3.2.     Market Share & Forecast

12.3.3.2.1.         By Component

12.3.3.2.2.         By Deployment

12.3.3.2.3.         By End-use

12.3.4. South Korea Shared Services Center Market Outlook

12.3.4.1.     Market Size & Forecast

12.3.4.1.1.         By Value

12.3.4.2.     Market Share & Forecast

12.3.4.2.1.         By Component

12.3.4.2.2.         By Deployment

12.3.4.2.3.         By End-use

12.3.5. Australia Shared Services Center Market Outlook

12.3.5.1.     Market Size & Forecast

12.3.5.1.1.         By Value

12.3.5.2.     Market Share & Forecast

12.3.5.2.1.         By Component

12.3.5.2.2.         By Deployment

12.3.5.2.3.         By End-use

12.3.6. Indonesia Shared Services Center Market Outlook

12.3.6.1.     Market Size & Forecast

12.3.6.1.1.         By Value

12.3.6.2.     Market Share & Forecast

12.3.6.2.1.         By Component

12.3.6.2.2.         By Deployment

12.3.6.2.3.         By End-use

12.3.7. Vietnam Shared Services Center Market Outlook

12.3.7.1.     Market Size & Forecast

12.3.7.1.1.         By Value

12.3.7.2.     Market Share & Forecast

12.3.7.2.1.         By Component

12.3.7.2.2.         By Deployment

12.3.7.2.3.         By End-use

13. Market Dynamics

13.1.            Drivers

13.2.            Challenges

14. Market Trends and Developments

15. Company Profiles

15.1.            Accenture Plc

15.1.1. Business Overview

15.1.2. Key Revenue and Financials  

15.1.3. Recent Developments

15.1.4. Key Personnel/Key Contact Person

15.1.5. Key Product/Services Offered

15.2.            IBM Corporation

15.2.1. Business Overview

15.2.2. Key Revenue and Financials  

15.2.3. Recent Developments

15.2.4. Key Personnel/Key Contact Person

15.2.5. Key Product/Services Offered

15.3.            Capgemini SE

15.3.1. Business Overview

15.3.2. Key Revenue and Financials  

15.3.3. Recent Developments

15.3.4. Key Personnel/Key Contact Person

15.3.5. Key Product/Services Offered

15.4.            Deloitte Touche Tohmatsu Limited

15.4.1. Business Overview

15.4.2. Key Revenue and Financials  

15.4.3. Recent Developments

15.4.4. Key Personnel/Key Contact Person

15.4.5. Key Product/Services Offered

15.5.            Infosys Limited

15.5.1. Business Overview

15.5.2. Key Revenue and Financials  

15.5.3. Recent Developments

15.5.4. Key Personnel/Key Contact Person

15.5.5. Key Product/Services Offered

15.6.            Genpact Limited

15.6.1. Business Overview

15.6.2. Key Revenue and Financials  

15.6.3. Recent Developments

15.6.4. Key Personnel/Key Contact Person

15.6.5. Key Product/Services Offered

15.7.            Cognizant Technology Solutions Corporation

15.7.1. Business Overview

15.7.2. Key Revenue and Financials  

15.7.3. Recent Developments

15.7.4. Key Personnel/Key Contact Person

15.7.5. Key Product/Services Offered

15.8.            Wipro Limited

15.8.1. Business Overview

15.8.2. Key Revenue and Financials  

15.8.3. Recent Developments

15.8.4. Key Personnel/Key Contact Person

15.8.5. Key Product/Services Offered

15.9.            Tata Consultancy Services Limited

15.9.1. Business Overview

15.9.2. Key Revenue and Financials  

15.9.3. Recent Developments

15.9.4. Key Personnel/Key Contact Person

15.9.5. Key Product/Services Offered

15.10.         HCL Technologies Limited

15.10.1.              Business Overview

15.10.2.              Key Revenue and Financials  

15.10.3.              Recent Developments

15.10.4.              Key Personnel/Key Contact Person

15.10.5.              Key Product/Services Offered

16. Strategic Recommendations

17. About Us & Disclaimer

Figures and Tables

Frequently asked questions

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The market size of the Global Shared Services Center Market was USD 47 Billion in 2023.

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The dominant segment by End-use in the Global Shared Services Center Market in 2023 was Pharmaceutical & Clinical.

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North America stands as the dominant region in the Global Shared Services Center Market. Key economies like the United States and Canada have seen a surge in the establishment of shared services centers across a spectrum of industries, spanning IT, finance, healthcare, and manufacturing.

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The major drivers for the Global Shared Services Center Market include cost efficiency, operational excellence, scalability, improved productivity, enhanced service quality, access to specialized skills, streamlined processes, and the adoption of advanced technologies, contributing to overall business agility and competitiveness

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Sakshi Bajaal

Business Consultant
Press Release

Shared Services Center Market Expands with Pharmaceutical & Clinical Segment at a robust CAGR of 19.1%

May, 2024

The Global Shared Services Center Market is rising due to the growing trend among organizations to centralize and consolidate business support functions, driving efficiency, cost savings, and standar