Market Highlights: Shared services comprises people, process and technology for management of numerous business functions such as IT, accounting, legal, security, HR, purchasing, compliance and supply chain management. The growth projections for this market are bullish due to increasing demand of shared services center (SSC) within an enterprise which provide integrated point of service, location delivery, cost reduction and enhance operational efficiency. The market study is being classified by Type (Business Strategy, Operational Strategy and Others), by Application (Project Management, Data Centers and Others) and major geographies with country level break-up that includes South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Key Players: The prominent players in the Shared Services are Accenture Inc. (United States), Tata Consultancy Services Limited (India), IBM (United States), Symantec Corporation (United States), Infosys Limited (India), Oracle (United States), Cognizant (United States), Hackett Group Inc. (United States), Deloitte (United States), Capgemini SE (France), McKinsey & Company, Inc. (United States), PricewaterhouseCoopers (United States), Ernst & Young Global Limited (United Kingdom) and Other.
Major Market Development Highlights On 9th of January 2019, Accenture, a global consulting, technology and outsourcing services provider acquired Orbium, a Switzerland based technology consulting services provider and management consultancy to expand their business and provide inventive services to customers in wealth management and private banking.
Key Questions Answered in the Report What will the Shared Services Market size and the growth rate be in Future? What are the key factors driving the Shared Services Market? What are the key market trends and macro-economic impacting the growth of the Shared Services Market? What are the challenges to market growth? Who are the key vendors in the Shared Services Market? What are the market opportunities and threats faced by the vendors in the Shared Services Market? Trending factors influencing the market shares of the Players. What are the key outcomes of the five forces analysis of the Shared Services Market?
Research Methodology: The top-down and bottom-up approaches are used to estimate and validate the size of the Global Shared Services market. In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Shared Services market. In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc. Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes BFSI, Legal Firms, Clinical and Pharmaceutical Sector, Manufacturing, Professional Service Providers, Government Agencies, Research Institute, Market Research Firms and Others. This helps us to gather the data for the players revenue, operating cycle and expense, profit along with product or service growth etc. Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, Annual reports, press releases etc.