openPR Logo
Press release

Shared Services Market : Global Market Snapshot by 2026

01-20-2017 02:17 PM CET | IT, New Media & Software

Press release from: Persistence Market Research Pvt. Ltd

Organisations have started to centralize their back-end services for cost saving purpose. The different divisions or subsidiaries of an organisation can share internal functions or non-core company activities such as inventory, hiring, payroll, finance, purchasing, and information technology through shared services. Shared services help in cost reduction which would otherwise be higher if these services are taken separately by different divisions of a company.

A sample of this report is available upon request @ http://www.persistencemarketresearch.com/samples/12664

Majority of the companies globally use shared services. Further, the market is expected to grow at a rapid pace due to increase in number of deals in shared services market across public and private sectors. Shared services save approximately 20 to 30% of the cost which motivates the companies to adopt this service.

Apart from being cost efficient, shared services also provide process efficiency to the companies. All the internal functions are standardized using shared services, therefore making the whole process smooth and efficient. Location proximity is also one of the important drivers for shared services market

However, implementing shared services is a complicated process as it requires change in the entire infrastructure and business process of the organization. It also takes a lot of time to implement shared service across the organization.

Robotic process automation is a major trend prevailing in the shared services market wherein enterprises focus on reducing manual work by introducing robotic software to do the repetitive tasks. Process automation reduces redundancy along with delivering expected output while cutting down on costs.

Global Shared services Market: Market Segmentation
Global Shared Services Market can be divided into two segments, one based on functions provided by shared services and the other one based on number of shared services being implemented by the organizations.

Segmentation on basis of function in shared services market:
The major segments of functions in shared services market include:
•CRM
•F&A
•HR
•IT
•SCM

Segmentation on basis of number of shared services Market:
The major segments of shared services market include:
•One
•Two
•Three
•More than three

A sample of this report is available upon request @ http://www.persistencemarketresearch.com/toc/12664

Some of the prominent players in the shared services market include Accenture, Infosys, IBM, Symantec, Oracle, Cognizant, Hackett Group, TCS, SAP and Atos among others.

About Us

Persistence Market Research (PMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. We have an experienced team of Analysts, Researchers, and Consultants, who use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.

Each PMR Syndicated Research report covers a different sector - such as pharmaceuticals, chemical, energy, food & beverages, semiconductors, med-devices, consumer goods and technology. These reports provide in-depth analysis and deep segmentation to possible micro levels. With a wider scope and stratified research methodology, our syndicated reports strive to serve clients and satisfy their overall research requirement.

For information regarding permissions, contact:

Persistence Market Research
305 Broadway,7th Floor
New York City, NY 10007
United States
Tel: +1 800-961-0353
Email: sales@persistencemarketresearch.com
Website: http://www.persistencemarketresearch.com/
media@persistencemarketresearch.com

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Shared Services Market : Global Market Snapshot by 2026 here

News-ID: 418137 • Views:

More Releases from Persistence Market Research Pvt. Ltd

Innovative Rehabilitation Technologies Drive Growth in Stroke Rehabilitation Market to Hit Surpass US$ 679.6 Million by 2032
Innovative Rehabilitation Technologies Drive Growth in Stroke Rehabilitation Mar …
Stroke Rehabilitation Market Size The global stroke rehabilitation market size was valued at US$ 266.4 million in 2021 and is expected to grow at a CAGR of 9% from 2022 to 2032. Revenue generated from the sales of stroke rehabilitation solutions will surge to US$ 679.6 Million by the end of 2032. The growth of the market is being driven by the increasing incidence of strokes, the growing demand for innovative rehabilitation
Launch of New Laser-Based Devices by Key Players Fueling Growth of Global Aesthetic Lasers Market
Launch of New Laser-Based Devices by Key Players Fueling Growth of Global Aesthe …
Market Study on Aesthetic Lasers The aesthetic lasers market reached US$2.8 billion in global revenue in 2021, and it will continue to expand quickly, with a value CAGR of 6.4%, to reach US$5.5 billion by the end of 2032. The growth of the market is being driven by the increasing demand for minimally invasive cosmetic procedures, rising disposable income, technological advancements, and growing medical tourism. Stay Ahead with Market Intelligence Get Free
Predictive Insights for Precision Medicine: The Global Biosimulation Market is Set to Hit USD 10 billion by 2030
Predictive Insights for Precision Medicine: The Global Biosimulation Market is S …
Biosimulation Market Research The Global Biosimulation Market Size was valued at USD 2.9 billion in 2022 and is expected to reach USD 10.0 billion by 2030, registering a CAGR of 16.9% during the forecast period. The growth of the biosimulation market is being driven by the increasing use of biosimulation in a variety of applications, such as drug discovery, clinical trials, and toxicity prediction.  Market Overview The biosimulation market has experienced rapid growth
Wheelchair and Components Market: Growing Demand for Lightweight and Smart Wheelchairs to Boost Growth
Wheelchair and Components Market: Growing Demand for Lightweight and Smart Wheel …
Wheelchair and Components Market The global wheelchair and components market is projected to reach USD 17.9 billion by 2033, at a CAGR of 3.7% from 2022-2033. The growth of the market is driven by the increasing prevalence of disabilities, the rising geriatric population, and technological advancements in wheelchair design and manufacturing. Click Here to Get Free Sample Copy of this Report@ https://www.persistencemarketresearch.com/samples/12961 The global wheelchair and components market has witnessed significant growth in

All 5 Releases


More Releases for Shared

Jeremy McGilvery Shared Email Marketing Success Tips
Jeremy McGilvery, Houston, Texas - If there’s one thing that’s become clear, it’s that email marketing takes work, but it’s very much worth it. Your email list is an invaluable asset to your business that allows you to stay in touch with your target market, send them commercial offers, and cement a loyal relationship with them. It’s also an asset you wholly own, unlike a following on Facebook or Twitter…those
Shared Mobility Status Report 2020 by MOQO - Clear categorisation of shared mobi …
The Shared Mobility Status Report conducted by MOQO, a specialist for shared mobility, analyses the development of the shared mobility economy and develops a structured and clear presentation of its manifold characteristics, with precise definitions and explicit designations. The latter is particularly important: a dynamic market such as shared mobility, with its many new word creations, requires clear terms for good communication. In addition, the market study also provides interesting
Cost-Efficiency of Shared Mobility Services Driving Indian Shared Mobility Servi …
In 2018, the Indian shared mobility market generated a revenue of $630.7 million and is expected to reach a value of $3,466.7 million in 2024, advancing at a 27.6% CAGR during the forecast period (2019-2024). The market is growing due to the surging urban road congestion, emergence of shared mobility as a cost-effective and convenient mobility option, and government initiatives facilitating the adoption of shared mobility services. The integration of
Shared Mobility Market
The global demand for shared mobility services is increasing at a sturdy pace. Presence of a robust transport industry has helped in introducing new services within shared mobility. Furthermore, investments in the transport industry have further impelled the growth of the global market. Obtain Report Details @ https://www.transparencymarketresearch.com/shared-mobility-market.html The next decade would play a crucial role in the growth of the global shared mobility market, majorly due to the approval of
More Shared Hosting Servers Are Deployed
Host1Plus – the fast growing international web hosting provider has announced about the new server deployment in the Californian datacenter in USA. The servers will be used to serve North American shared hosting customers better. London, United Kingdom, May 22, 2012 – Host1Plus London based international hosting services provider has deployed more servers in order to improve the shared hosting services for the US and North American customers. The servers are
Online Shared Services Training Course
19 November, London. The Shared Services and Outsourcing Network (SSON) is a Shared Services community with over 35,000 Shared Services professionals. With the successful launch of the first SSON Managed Certification® and Online Learning Program cohort on 1 November 2010, SSON is excited to announce the start of the second cohort on 29 November 2010. This is what professionals have to say about the program... “This programme allows everyone in the