Press release
Demand for Shared Services Market Driven by Shifting Consumer Perceptions and Growing Awareness
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.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.
To remain ‘ahead’ of your competitors, request for a sample here@ https://www.persistencemarketresearch.com/samples/12664
Shared Services Market: Drivers and Restraints
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.
Trends prevailing in the Shared Services Market:
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
Global Shared services Market Players
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.
To get Info on Business Strategies, Challenges & Policies Request Detailed TOC@ https://www.persistencemarketresearch.com/toc/12664
Regional analysis for Global Shared services Market includes
• North America Shared services Market
o US & Canada
• Latin America Shared services Market
o Brazil, Argentina & Others
• Europe Shared Services Market
o EU5
o Nordics
o Benelux
o Poland
o Russia
• Asia Pacific Shared Services Market
o Australia and New Zealand (ANZ)
o Greater China
o India
o ASEAN
o Rest of Asia Pacific
• Japan Shared Services Market
• Middle East and Africa Shared services Market
o GCC Countries
o Other Middle East
o North Africa
o South Africa
o Other Africa
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
Contact us: 305 Broadway, 7th Floor
New York City, NY 10007 United States
Ph.no. +1-646-568-7751
E-mail id- sales@persistencemarketresearch.comWebsite: https://www.persistencemarketresearch.com
Persistence Market Research (PMR) is a third-platform research firm. Our research model is a unique collaboration of data analytics and market research methodology to help businesses achieve optimal performance.To support companies in overcoming complex business challenges, we follow a multi-disciplinary approach. At PMR, we unite various data streams from multi-dimensional sources. By deploying real-time data collection, big data, and customer experience analytics, we deliver business intelligence for organizations of all sizes.Our client success stories feature a range of clients from Fortune 500 companies to fast-growing startups. PMR’s collaborative environment is committed to building industry-specific solutions by transforming data from multiple streams into a strategic asset.
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 Demand for Shared Services Market Driven by Shifting Consumer Perceptions and Growing Awareness here
News-ID: 2176446 • Views: …
More Releases from Persistence Market Research

North America Wiring Devices Market Projected to Reach USD 26.46 Billion by 2031
Overview of the North America Wiring Devices Market
The North America wiring devices market is poised for steady growth over the forecast period, with its size estimated at US$ 18.96 billion in 2024, projected to reach US$ 26.46 billion by 2031, reflecting a CAGR of 4.9%. The market is witnessing substantial expansion due to increasing urbanization, a rising number of residential and commercial construction projects, and the adoption of energy-efficient and…

Global Forged Automotive Components Market Poised for Steady Growth, Projected t …
The global forged automotive components market is on a robust growth trajectory, currently valued at approximately US$ 50.3 billion in 2025 and forecasted to expand to US$ 70.7 billion by the end of 2032. This growth represents a compound annual growth rate (CAGR) of 5.0% over the coming decade, driven by increasing automotive production, technological advancements, and evolving consumer preferences toward durable, high-performance vehicle parts.
Forged automotive components are critical to…

Global Electric Cargo Bike Market Set to Accelerate at 11.9% CAGR, Reaching US$ …
The global electric cargo bike market is set to experience substantial growth over the coming decade, with Persistence Market Research (PMR) forecasting a compound annual growth rate (CAGR) of 11.9% from 2023 through 2032. Valued at approximately US$ 800 million in 2021, the market is expected to surge to a projected valuation of US$ 2.14 billion by the end of 2032. Notably, electric cargo bikes accounted for 66.2% of the…

Bicycle Bearings Market Set for Steady Growth with 6.5% CAGR Through 2032, Drive …
The global bicycle bearings market is poised for significant expansion over the forecast period of 2025 to 2032, according to the latest report released by Persistence Market Research. Valued at approximately US$ 5.99 billion in 2024, the market is projected to reach US$ 6.35 billion by 2025 and further escalate to nearly US$ 9.86 billion by 2032. This growth trajectory reflects a compound annual growth rate (CAGR) of 6.5%, underscoring…
More Releases for Shared
WeShare: Transcending Travel and Shared Experiences
With connection and convenience at the core of today's travel experience, WeShare [https://weshare.pro/] is a revolutionary tech startup transforming how individuals discover new places. Through facilitating effortless sharing of products and expertise through a pioneering sharing profile, WeShare is not merely a service-It's a movement. As an accelerator-backed company, the business is now preparing for its next funding round, with lofty plans to extend its reach in Asia, Europe, and…
Shared Mobility Market: Shared Mobility to Reach USD 784.16B by 2031
Shared Mobility Market Scope:
Key Insights : Shared Mobility Market size was valued at USD 180.85 billion in 2022 and is poised to grow from USD 209.42 billion in 2023 to USD 784.16 billion by 2031, growing at a CAGR of 15.8% in the forecast period (2024-2031).
Discover Your Competitive Edge with a Free Sample Report :https://www.skyquestt.com/sample-request/shared-mobility-market
Access the full 2024 Market report for a comprehensive understanding @https://www.skyquestt.com/report/shared-mobility-market
In-Depth Exploration of the global…
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…
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…